The LTC Properties Inc (LTC) Shares Bought by ProShare Advisors LLC

The LTC Properties Inc (LTC) Shares Bought by ProShare Advisors LLC

A number of other hedge funds also recently modified their holdings of LTC. State Street Corp raised its stake in shares of LTC Properties by 4.2% in the fourth quarter. State Street Corp now owns 1,399,639 shares of the real estate investment trust’s stock valued at $65,752,000 after buying an additional 56,329 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of LTC Properties by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 496,381 shares of the real estate investment trust’s stock valued at $23,320,000 after buying an additional 21,966 shares during the period. Norges Bank bought a new stake in shares of LTC Properties during the fourth quarter valued at about $18,524,000. Asset Management One Co. Ltd. raised its stake in shares of LTC Properties by 7.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 118,516 shares of the real estate investment trust’s stock valued at $5,514,000 after buying an additional 8,181 shares during the period. Finally, Capstone Asset Management Co. raised its stake in shares of LTC Properties by 6.3% in the first quarter. Capstone Asset Management Co. now owns 110,897 shares of the real estate investment trust’s stock valued at $5,312,000 after buying an additional 6,606 shares during the period. Hedge funds and other institutional investors own 85.19% of the company’s stock.

ProShare Advisors LLC increased its stake in shares of LTC Properties Inc (NYSE:LTC) by 180.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,396 shares of the real estate investment trust’s stock after buying an additional 12,470 shares during the period. ProShare Advisors LLC’s holdings in LTC Properties were worth $252,000 at the end of the most recent quarter.

LTC Properties Inc (NYSE:LTC) opened at 49.13 on Monday. The firm has a market capitalization of $1.94 billion, a P/E ratio of 22.16 and a beta of 0.19. LTC Properties Inc has a 52-week low of $43.17 and a 52-week high of $54.20. The firm has a 50-day moving average price of $48.22 and a 200 day moving average price of $47.05.

LTC Properties (NYSE:LTC) last released its earnings results on Monday, May 8th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.24. LTC Properties had a return on equity of 11.71% and a net margin of 52.34%. The business had revenue of $42.62 million for the quarter, compared to analysts’ expectations of $34.82 million. Analysts forecast that LTC Properties Inc will post $2.21 EPS for the current year. The firm also recently announced a monthly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 22nd will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, June 20th. This represents a $2.28 annualized dividend and a yield of 4.64%. LTC Properties’s dividend payout ratio (DPR) is presently 105.56%.

LTC Properties (NYSE:LTC) last released its earnings results on Monday, May 8th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.24. LTC Properties had a return on equity of 11.71% and a net margin of 52.34%. The business had revenue of $42.62 million for the quarter, compared to analysts’ expectations of $34.82 million. Analysts forecast that LTC Properties Inc will post $2.21 EPS for the current year. LTC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of LTC Properties from a “sell” rating to a “hold” rating in a report on Thursday, March 23rd. BMO Capital Markets restated a “hold” rating and issued a $50.00 price objective on shares of LTC Properties in a report on Tuesday, May 9th. Canaccord Genuity restated a “buy” rating and issued a $58.00 price objective on shares of LTC Properties in a report on Tuesday, May 9th. Hilliard Lyons upgraded shares of LTC Properties from an “underperform” rating to a “neutral” rating in a report on Wednesday, May 10th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $50.00 price objective on shares of LTC Properties in a report on Tuesday, May 23rd. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $53.43.

In other news, Director Timothy Triche sold 4,000 shares of the firm’s stock in a transaction dated Thursday, March 23rd. The stock was sold at an average price of $47.02, for a total value of $188,080.00. Following the transaction, the director now directly owns 35,204 shares in the company, valued at approximately $1,655,292.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock. About LTC Properties

LTC Properties Inc is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. It invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LTC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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