184,391 Shares in LTC Properties, Inc. $LTC Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. acquired a new position in shares of LTC Properties, Inc. (NYSE:LTC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 184,391 shares of the real estate investment trust’s stock, valued at approximately $6,797,000. Jupiter Asset Management Ltd. owned 0.39% of LTC Properties as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp increased its position in LTC Properties by 75.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 300 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of LTC Properties by 55.7% during the third quarter. Harbor Capital Advisors Inc. now owns 984 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 352 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in LTC Properties during the second quarter valued at approximately $41,000. Hantz Financial Services Inc. raised its stake in LTC Properties by 701.3% in the third quarter. Hantz Financial Services Inc. now owns 1,258 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,101 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in LTC Properties during the third quarter worth $55,000. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at LTC Properties

In related news, EVP David M. Boitano purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was acquired at an average price of $34.44 per share, with a total value of $344,400.00. Following the completion of the acquisition, the executive vice president owned 25,626 shares in the company, valued at approximately $882,559.44. This represents a 64.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.10% of the company’s stock.

LTC Properties Trading Up 0.0%

LTC Properties stock opened at $38.94 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 8.68 and a current ratio of 8.68. The stock has a market cap of $1.85 billion, a PE ratio of 54.08 and a beta of 0.62. The stock has a 50-day moving average of $36.26 and a two-hundred day moving average of $35.92. LTC Properties, Inc. has a one year low of $31.70 and a one year high of $40.05.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be given a dividend of $0.19 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Monday, March 23rd. LTC Properties’s payout ratio is currently 316.67%.

Wall Street Analyst Weigh In

LTC has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on LTC Properties from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of LTC Properties in a report on Monday, December 29th. Cantor Fitzgerald set a $36.00 price target on shares of LTC Properties in a research report on Monday, January 5th. Finally, Royal Bank Of Canada lifted their price objective on shares of LTC Properties from $37.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $38.60.

LTC Properties Profile

LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that specializes in financing and investing in long-term health care properties. The company focuses on providing capital to operators of senior housing and health care facilities through sale-leaseback transactions, mortgage financings and structured finance arrangements. Its portfolio primarily comprises skilled nursing facilities, assisted living communities and memory care centers.

Since its founding in 1992, LTC Properties has built a diversified portfolio of properties located across the United States.