Knights of Columbus Asset Advisors LLC Acquires 68,717 Shares of LTC Properties, Inc. $LTC

Knights of Columbus Asset Advisors LLC bought a new position in LTC Properties, Inc. (NYSE:LTC) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 68,717 shares of the real estate investment trust’s stock, valued at approximately $2,946,000. Knights of Columbus Asset Advisors LLC owned about 0.13% of LTC Properties as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Optiver Holding B.V. raised its position in LTC Properties by 153.1% during the first quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 467 shares during the period. Nykredit A S bought a new stake in shares of LTC Properties in the 2nd quarter valued at approximately $46,000. Markowski Investments purchased a new position in shares of LTC Properties in the 2nd quarter worth approximately $49,000. Farther Finance Advisors LLC boosted its holdings in shares of LTC Properties by 39.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,256 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 354 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of LTC Properties by 113.5% in the 3rd quarter. Signaturefd LLC now owns 1,266 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 673 shares during the period. 69.25% of the stock is owned by institutional investors.

LTC Properties Trading Down 1.2%

NYSE LTC opened at $43.92 on Thursday. The stock has a market cap of $2.47 billion, a PE ratio of 16.00 and a beta of 0.55. LTC Properties, Inc. has a 12 month low of $33.64 and a 12 month high of $46.92. The company’s 50-day moving average price is $43.21 and its 200-day moving average price is $39.82. The company has a current ratio of 10.37, a quick ratio of 10.37 and a debt-to-equity ratio of 0.58.

LTC Properties (NYSE:LTC) last announced its quarterly earnings data on Tuesday, November 3rd. The real estate investment trust reported $6.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $5.69. The company had revenue of $114.08 million during the quarter, compared to analyst estimates of $86.30 million. LTC Properties had a net margin of 127.38% and a return on equity of 37.19%. The firm’s revenue for the quarter was up 66.3% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. Equities research analysts forecast that LTC Properties, Inc. will post 2.77 earnings per share for the current year.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 23rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, December 23rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.2%. LTC Properties’s dividend payout ratio (DPR) is 23.90%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LTC shares. Wells Fargo & Company increased their price target on LTC Properties from $42.00 to $43.00 and gave the company an “equal weight” rating in a report on Monday, October 19th. Royal Bank Of Canada raised their price target on LTC Properties from $52.00 to $53.00 and gave the stock an “outperform” rating in a research report on Tuesday. Nomura raised shares of LTC Properties to a “neutral” rating in a research note on Friday, August 14th. Deutsche Bank upgraded shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research report on Thursday, August 27th. Finally, Huntington started coverage on shares of LTC Properties in a research note on Tuesday, November 3rd. They issued a “strong-buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.60.

About LTC Properties

LTC Properties, Inc. is a real estate investment trust focused on properties serving the senior housing and health care sectors. Its investments include assisted living, memory care, independent living and skilled nursing facilities. The company provides capital to property owners and operators through real estate investments, including property leases, mortgage loans and joint ventures. LTC generally partners with third-party operators that provide care and manage the facilities. Founded in 1992 and headquartered in Westlake Village, California, LTC invests in properties across the United States.