Deutsche Bank AG Purchases 14,376 Shares of LTC Properties, Inc. (NYSE:LTC)

Deutsche Bank AG boosted its position in shares of LTC Properties, Inc. (NYSE:LTC) by 12.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,183 shares of the real estate investment trust’s stock after acquiring an additional 14,376 shares during the period. Deutsche Bank AG’s holdings in LTC Properties were worth $4,567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LTC. Strategic Financial Concepts LLC increased its stake in LTC Properties by 3,358.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 658,026 shares of the real estate investment trust’s stock valued at $22,735,000 after acquiring an additional 638,999 shares during the period. Marshall Wace LLP grew its stake in shares of LTC Properties by 37.3% in the 4th quarter. Marshall Wace LLP now owns 552,308 shares of the real estate investment trust’s stock valued at $19,082,000 after purchasing an additional 150,023 shares during the period. Norges Bank bought a new stake in shares of LTC Properties in the 4th quarter valued at approximately $5,000,000. Northern Trust Corp grew its stake in shares of LTC Properties by 20.9% in the 4th quarter. Northern Trust Corp now owns 599,573 shares of the real estate investment trust’s stock valued at $20,715,000 after purchasing an additional 103,482 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of LTC Properties by 69.3% in the 4th quarter. Renaissance Technologies LLC now owns 207,700 shares of the real estate investment trust’s stock valued at $7,176,000 after purchasing an additional 85,000 shares during the period. 69.25% of the stock is currently owned by institutional investors.

LTC Properties Stock Up 0.3%

Shares of LTC opened at $36.10 on Tuesday. The company has a market capitalization of $1.66 billion, a P/E ratio of 15.49 and a beta of 0.68. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60. LTC Properties, Inc. has a one year low of $31.70 and a one year high of $39.89. The business’s 50 day simple moving average is $35.17 and its 200-day simple moving average is $35.61.

LTC Properties (NYSE:LTC) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). The business had revenue of $49.03 million during the quarter, compared to analyst estimates of $44.43 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 earnings per share. As a group, sell-side analysts predict that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.19 per share. This represents a yield of 6.31%. The ex-dividend date of this dividend is Thursday, May 22nd. LTC Properties’s dividend payout ratio is 117.53%.

Analysts Set New Price Targets

Several research firms have recently weighed in on LTC. Royal Bank of Canada reiterated a “sector perform” rating and issued a $36.00 price objective on shares of LTC Properties in a research note on Monday. Wells Fargo & Company lowered their price objective on LTC Properties from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, March 10th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

LTC Properties Profile

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.