Nice West Life Assurance Co. Can lifted its stake in shares of LTC Properties, Inc. (NYSE:LTC – Get Rating) by 9.8% throughout the third quarter, in keeping with the corporate in its most up-to-date submitting with the Securities and Change Fee (SEC). The fund owned 77,192 shares of the actual property funding belief’s inventory after buying a further 6,866 shares throughout the interval. Nice West Life Assurance Co. Can owned 0.19% of LTC Properties price $2,890,000 as of its most up-to-date SEC submitting.
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Numerous different giant traders have additionally lately added to or diminished their stakes in LTC. American Century Firms Inc. raised its place in LTC Properties by 10.5% within the first quarter. American Century Firms Inc. now owns 12,341 shares of the actual property funding belief’s inventory valued at $475,000 after buying a further 1,174 shares throughout the interval. Cetera Advisor Networks LLC acquired a brand new place in LTC Properties within the first quarter valued at $247,000. PNC Monetary Companies Group Inc. boosted its stake in shares of LTC Properties by 32.4% throughout the first quarter. PNC Monetary Companies Group Inc. now owns 4,152 shares of the actual property funding belief’s inventory price $159,000 after shopping for a further 1,016 shares throughout the interval. MetLife Funding Administration LLC boosted its stake in shares of LTC Properties by 35.7% throughout the first quarter. MetLife Funding Administration LLC now owns 20,498 shares of the actual property funding belief’s inventory price $789,000 after shopping for a further 5,390 shares throughout the interval. Lastly, Rhumbline Advisers raised its holdings in LTC Properties by 2.7% throughout the first quarter. Rhumbline Advisers now owns 121,285 shares of the actual property funding belief’s inventory price $4,666,000 after buying a further 3,154 shares within the final quarter. 72.68% of the inventory is presently owned by institutional traders and hedge funds.
Analysts Set New Worth Targets
A number of analysis analysts lately issued experiences on the inventory. BMO Capital Markets minimize shares of LTC Properties from a “market carry out” ranking to an “underperform” ranking and set a $38.00 value goal for the corporate. in a report on Friday, December sixteenth. Royal Financial institution of Canada decreased their goal value on shares of LTC Properties from $44.00 to $40.00 and set a “sector carry out” ranking on the inventory in a analysis report on Monday, November seventh. Lastly, StockNews.com lowered shares of LTC Properties from a “purchase” ranking to a “maintain” ranking in a analysis report on Friday, October seventh. Two funding analysts have rated the inventory with a promote ranking, 4 have issued a maintain ranking and two have assigned a purchase ranking to the corporate’s inventory. In keeping with MarketBeat, the inventory presently has a consensus ranking of “Maintain” and a consensus value goal of $40.14.
Insider Shopping for and Promoting
In associated information, CAO Caroline Chikhale offered 5,000 shares of LTC Properties inventory in a transaction on Wednesday, December seventh. The shares had been offered at a mean value of $39.46, for a complete transaction of $197,300.00. Following the sale, the chief accounting officer now owns 39,338 shares of the corporate’s inventory, valued at roughly $1,552,277.48. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which is accessible by way of this link. 2.20% of the inventory is presently owned by insiders.
LTC Properties Inventory Efficiency
Shares of LTC stock opened at $36.49 on Thursday. The corporate’s fifty day easy transferring common is $37.45 and its 200-day easy transferring common is $39.50. LTC Properties, Inc. has a 52 week low of $32.23 and a 52 week excessive of $45.49. The corporate has a present ratio of 15.57, a fast ratio of 15.57 and a debt-to-equity ratio of 0.96. The corporate has a market cap of $1.48 billion, a PE ratio of 15.46 and a beta of 0.92.
LTC Properties Dividend Announcement
The corporate additionally lately declared a month-to-month dividend, which can be paid on Friday, March thirty first. Buyers of document on Thursday, March twenty third can be paid a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 6.25%. The ex-dividend date is Wednesday, March twenty second. LTC Properties’s dividend payout ratio (DPR) is 96.61%.
About LTC Properties
LTC is an actual property funding belief (REIT) investing in seniors housing and well being care properties primarily by way of sale-leasebacks, mortgage financing, joint-ventures and structured finance options together with most popular fairness and mezzanine lending. LTC holds 181 investments in 27 states with 29 working companions.
See Additionally
This on the spot information alert was generated by narrative science know-how and monetary knowledge from MarketBeat in an effort to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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