DekaBank Deutsche Girozentrale lowered its stake in LTC Properties, Inc. (NYSE:LTC – Get Rating) by 20.2% in the course of the third quarter, in keeping with its most up-to-date disclosure with the Securities and Trade Fee. The fund owned 64,340 shares of the actual property funding belief’s inventory after promoting 16,293 shares in the course of the quarter. DekaBank Deutsche Girozentrale owned 0.16% of LTC Properties value $2,343,000 on the finish of the newest quarter.
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A number of different institutional buyers and hedge funds additionally lately added to or decreased their stakes within the inventory. Vanguard Group Inc. boosted its holdings in LTC Properties by 1.6% within the first quarter. Vanguard Group Inc. now owns 6,457,708 shares of the actual property funding belief’s inventory value $248,428,000 after buying a further 102,310 shares over the past quarter. State Road Corp boosted its holdings in LTC Properties by 5.9% within the second quarter. State Road Corp now owns 3,741,901 shares of the actual property funding belief’s inventory value $143,652,000 after buying a further 208,011 shares over the past quarter. Northern Belief Corp boosted its holdings in LTC Properties by 20.3% within the second quarter. Northern Belief Corp now owns 626,109 shares of the actual property funding belief’s inventory value $24,037,000 after buying a further 105,704 shares over the past quarter. Charles Schwab Funding Administration Inc. boosted its holdings in LTC Properties by 4.4% within the first quarter. Charles Schwab Funding Administration Inc. now owns 566,986 shares of the actual property funding belief’s inventory value $21,812,000 after buying a further 23,752 shares over the past quarter. Lastly, Authorized & Common Group Plc boosted its holdings in LTC Properties by 1.6% within the second quarter. Authorized & Common Group Plc now owns 330,025 shares of the actual property funding belief’s inventory value $12,670,000 after buying a further 5,353 shares over the past quarter. Hedge funds and different institutional buyers personal 72.68% of the corporate’s inventory.
LTC Properties Inventory Down 1.0 %
Shares of LTC stock opened at $36.74 on Tuesday. The corporate has a market capitalization of $1.49 billion, a price-to-earnings ratio of 15.57 and a beta of 0.92. LTC Properties, Inc. has a one 12 months low of $32.23 and a one 12 months excessive of $45.49. The corporate’s fifty day transferring common worth is $37.55 and its 200-day transferring common worth is $39.53. The corporate has a debt-to-equity ratio of 0.96, a present ratio of 15.57 and a fast ratio of 15.57.
LTC Properties Declares Dividend
The corporate additionally lately disclosed a month-to-month dividend, which can be paid on Friday, March thirty first. Stockholders of document on Thursday, March twenty third can be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, March twenty second. This represents a $2.28 annualized dividend and a dividend yield of 6.21%. LTC Properties’s payout ratio is 96.61%.
Analysts Set New Worth Targets
A number of analysis analysts have weighed in on LTC shares. BMO Capital Markets downgraded shares of LTC Properties from a “market carry out” score to an “underperform” score and set a $38.00 worth goal on the inventory. in a analysis report on Friday, December sixteenth. StockNews.com downgraded shares of LTC Properties from a “purchase” score to a “maintain” score in a analysis report on Friday, October seventh. Lastly, Royal Financial institution of Canada decreased their worth goal on shares of LTC Properties from $44.00 to $40.00 and set a “sector carry out” score on the inventory in a analysis report on Monday, November seventh. Two analysts have rated the inventory with a promote score, 4 have given a maintain score and two have assigned a purchase score to the inventory. Primarily based on knowledge from MarketBeat.com, LTC Properties presently has a consensus score of “Maintain” and a median worth goal of $40.14.
Insider Exercise
In different information, CAO Caroline Chikhale offered 5,000 shares of the agency’s inventory in a transaction on Wednesday, December seventh. The shares have been offered at a median worth of $39.46, for a complete transaction of $197,300.00. Following the sale, the chief accounting officer now straight owns 39,338 shares within the firm, valued at roughly $1,552,277.48. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which may be accessed by the SEC website. Insiders personal 2.20% of the corporate’s inventory.
LTC Properties Profile
LTC is an actual property funding belief (REIT) investing in seniors housing and well being care properties primarily by 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.
Featured Tales
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This prompt information alert was generated by narrative science expertise 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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