Sumitomo Mitsui DS Asset Management Company Ltd Has $364,000 Stock Holdings in LTC Properties, Inc. (NYSE:LTC)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in LTC Properties, Inc. (NYSE:LTC) by 45.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,525 shares of the real estate investment trust’s stock after buying an additional 3,274 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in LTC Properties were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in LTC Properties by 25.4% during the third quarter. GAMMA Investing LLC now owns 1,805 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 366 shares during the period. New York State Teachers Retirement System grew its stake in LTC Properties by 0.5% during the third quarter. New York State Teachers Retirement System now owns 76,354 shares of the real estate investment trust’s stock worth $2,801,000 after purchasing an additional 375 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in LTC Properties by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,687 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 437 shares during the period. Van ECK Associates Corp grew its stake in LTC Properties by 12.3% during the third quarter. Van ECK Associates Corp now owns 7,382 shares of the real estate investment trust’s stock worth $265,000 after purchasing an additional 811 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in LTC Properties by 6.2% during the third quarter. Daiwa Securities Group Inc. now owns 14,497 shares of the real estate investment trust’s stock worth $532,000 after purchasing an additional 849 shares during the period. Institutional investors and hedge funds own 69.25% of the company’s stock.

LTC Properties Stock Performance

NYSE:LTC opened at $33.73 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60. The business has a fifty day simple moving average of $34.91 and a two-hundred day simple moving average of $36.19. LTC Properties, Inc. has a 1 year low of $30.35 and a 1 year high of $39.89. The company has a market capitalization of $1.53 billion, a P/E ratio of 14.48 and a beta of 0.93.

LTC Properties Dividend Announcement

The company also recently announced a jan 25 dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 20th will be given a $0.19 dividend. This represents a yield of 6.45%. The ex-dividend date is Thursday, February 20th. LTC Properties’s dividend payout ratio is currently 97.85%.

Insiders Place Their Bets

In related news, Director David L. Gruber acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were bought at an average cost of $37.16 per share, for a total transaction of $111,480.00. Following the purchase, the director now owns 21,516 shares in the company, valued at $799,534.56. This trade represents a 16.20 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JMP Securities upgraded LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Tuesday, January 7th. Citizens Jmp upgraded LTC Properties from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th.

About LTC Properties

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.