Daiwa Securities Group Inc. Boosts Holdings in LTC Properties Inc (NYSE:LTC)

Daiwa Securities Group Inc. grew its position in LTC Properties Inc (NYSE:LTC) by 12.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,300 shares of the real estate investment trust’s stock after buying an additional 800 shares during the period. Daiwa Securities Group Inc.’s holdings in LTC Properties were worth $374,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of LTC. Denali Advisors LLC purchased a new stake in shares of LTC Properties in the 2nd quarter valued at approximately $164,000. WINTON GROUP Ltd purchased a new stake in shares of LTC Properties in the 2nd quarter valued at approximately $653,000. 6 Meridian grew its stake in shares of LTC Properties by 2.2% in the 2nd quarter. 6 Meridian now owns 15,782 shares of the real estate investment trust’s stock valued at $721,000 after buying an additional 341 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of LTC Properties by 2.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 15,658 shares of the real estate investment trust’s stock valued at $715,000 after buying an additional 300 shares during the period. Finally, Gradient Investments LLC purchased a new stake in shares of LTC Properties in the 2nd quarter valued at approximately $246,000. 75.93% of the stock is owned by institutional investors and hedge funds.

NYSE:LTC opened at $46.40 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 10.06 and a current ratio of 10.06. The stock has a market capitalization of $1.84 billion, a P/E ratio of 15.16, a PEG ratio of 3.84 and a beta of 0.34. The company has a 50 day moving average price of $50.52 and a 200 day moving average price of $47.82. LTC Properties Inc has a fifty-two week low of $40.11 and a fifty-two week high of $53.04.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.09). The company had revenue of $38.67 million for the quarter, compared to analysts’ expectations of $38.94 million. LTC Properties had a return on equity of 12.33% and a net margin of 57.14%. Research analysts forecast that LTC Properties Inc will post 3.04 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, November 20th. LTC Properties’s payout ratio is currently 74.51%.

Several research firms have recently weighed in on LTC. Zacks Investment Research raised shares of LTC Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Capital One Financial cut shares of LTC Properties from an “overweight” rating to an “equal weight” rating and set a $51.00 price target for the company. in a research note on Friday, October 25th. Finally, Berenberg Bank began coverage on shares of LTC Properties in a research note on Thursday, September 12th. They issued a “hold” rating and a $49.00 price target for the company. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.00.

In related news, CEO Wendy Simpson sold 7,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $49.20, for a total transaction of $344,400.00. Following the completion of the transaction, the chief executive officer now owns 379,365 shares of the company’s stock, valued at approximately $18,664,758. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

LTC Properties Company Profile

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 30 operating partners.

Featured Story: Net Margin

Want to see what other hedge funds are holding LTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LTC Properties Inc (NYSE:LTC).

Institutional Ownership by Quarter for LTC Properties (NYSE:LTC)

Receive News & Ratings for LTC Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LTC Properties and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit