Nisa Investment Advisors LLC Sells 2,171 Shares of LTC Properties, Inc. (NYSE:LTC)

Nisa Investment Advisors LLC reduced its stake in LTC Properties, Inc. (NYSE:LTC) by 7.0% in the 4th quarter, Holdings Channel reports. The firm owned 28,943 shares of the real estate investment trust’s stock after selling 2,171 shares during the period. Nisa Investment Advisors LLC’s holdings in LTC Properties were worth $930,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Money Concepts Capital Corp lifted its stake in shares of LTC Properties by 3,395.0% in the fourth quarter. Money Concepts Capital Corp now owns 699 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 679 shares during the last quarter. Lazard Asset Management LLC acquired a new position in LTC Properties during the 4th quarter worth $26,000. Point72 Hong Kong Ltd acquired a new position in LTC Properties during the 2nd quarter worth $41,000. FMR LLC boosted its holdings in LTC Properties by 73.3% during the third quarter. FMR LLC now owns 1,168 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 494 shares during the period. Finally, Private Trust Co. NA grew its position in shares of 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 purchasing an additional 512 shares during the last quarter. Institutional investors own 69.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft began coverage on LTC Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $34.00 price objective for the company. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, LTC Properties currently has a consensus rating of “Hold” and an average target price of $34.13.

LTC Properties Stock Performance

NYSE:LTC opened at $31.57 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 13.29 and a current ratio of 13.29. The firm’s 50-day moving average is $31.83 and its 200-day moving average is $32.09. LTC Properties, Inc. has a 52-week low of $30.30 and a 52-week high of $35.72. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 14.62 and a beta of 0.87.

LTC Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 20th will be issued a $0.19 dividend. The ex-dividend date is Thursday, June 20th. This represents a $2.28 annualized dividend and a yield of 7.22%. LTC Properties’s dividend payout ratio (DPR) is 105.56%.

Insiders Place Their Bets

In other news, Director Timothy Triche sold 3,082 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $31.67, for a total transaction of $97,606.94. Following the sale, the director now directly owns 36,343 shares in the company, valued at $1,150,982.81. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

About LTC Properties

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.