LTC Properties, Inc. (NYSE:LTC) Director Purchases $214,500.00 in Stock

LTC Properties, Inc. (NYSE:LTC) Director David L. Gruber acquired 6,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of $35.75 per share, for a total transaction of $214,500.00. Following the completion of the purchase, the director now owns 18,412 shares of the company’s stock, valued at approximately $658,229. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

LTC Properties Stock Up 0.7 %

LTC Properties stock opened at $36.00 on Monday. The company has a quick ratio of 15.86, a current ratio of 11.29 and a debt-to-equity ratio of 0.88. The firm has a market cap of $1.57 billion, a P/E ratio of 18.75 and a beta of 0.89. The business has a fifty day moving average of $34.93 and a two-hundred day moving average of $33.21. LTC Properties, Inc. has a twelve month low of $30.30 and a twelve month high of $38.28.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.22). LTC Properties had a return on equity of 10.22% and a net margin of 46.78%. The company had revenue of $50.12 million during the quarter, compared to the consensus estimate of $33.47 million. During the same period in the previous year, the firm posted $0.66 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. On average, analysts forecast that LTC Properties, Inc. will post 2.64 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.33%. The ex-dividend date of this dividend is Friday, September 20th. LTC Properties’s payout ratio is 118.75%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LTC. Private Trust Co. NA boosted its stake in LTC Properties by 69.2% in the fourth quarter. Private Trust Co. NA now owns 1,252 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 512 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of LTC Properties by 14.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 130,310 shares of the real estate investment trust’s stock worth $4,259,000 after purchasing an additional 16,602 shares in the last quarter. International Assets Investment Management LLC purchased a new position in LTC Properties during the 4th quarter worth $270,000. New York State Teachers Retirement System increased its position in LTC Properties by 4.5% during the 4th quarter. New York State Teachers Retirement System now owns 80,651 shares of the real estate investment trust’s stock valued at $2,591,000 after buying an additional 3,472 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in LTC Properties by 11.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 66,318 shares of the real estate investment trust’s stock valued at $2,180,000 after buying an additional 6,565 shares during the last quarter. Hedge funds and other institutional investors own 69.25% of the company’s stock.

LTC Properties Company Profile

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 201 properties in 26 states with 29 operating partners.