Cwm LLC Sells 2,506 Shares of LTC Properties, Inc. (NYSE:LTC)

Cwm LLC cut its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 7.6% in the 4th quarter, HoldingsChannel reports. The fund owned 30,399 shares of the real estate investment trust’s stock after selling 2,506 shares during the period. Cwm LLC’s holdings in LTC Properties were worth $976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Exchange Traded Concepts LLC increased its position in shares of LTC Properties by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 40,058 shares of the real estate investment trust’s stock worth $1,287,000 after acquiring an additional 317 shares in the last quarter. Sigma Planning Corp increased its position in shares of LTC Properties by 4.0% during the third quarter. Sigma Planning Corp now owns 8,470 shares of the real estate investment trust’s stock worth $272,000 after acquiring an additional 327 shares in the last quarter. abrdn plc increased its position in shares of LTC Properties by 4.7% during the third quarter. abrdn plc now owns 8,295 shares of the real estate investment trust’s stock worth $267,000 after acquiring an additional 369 shares in the last quarter. Private Trust Co. NA increased its position in shares of LTC Properties by 69.2% during the fourth quarter. Private Trust Co. NA now owns 1,252 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 512 shares in the last quarter. Finally, UniSuper Management Pty Ltd increased its position in shares of LTC Properties by 5.3% during the third quarter. UniSuper Management Pty Ltd now owns 11,900 shares of the real estate investment trust’s stock worth $382,000 after acquiring an additional 600 shares in the last quarter. 69.25% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Timothy Triche sold 3,082 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $31.67, for a total transaction of $97,606.94. Following the completion of the transaction, the director now directly owns 36,343 shares of the company’s stock, valued at approximately $1,150,982.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of LTC Properties in a research report on Tuesday, January 30th. They issued a “hold” rating and a $34.00 price objective for the company. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $33.50.

LTC Properties Trading Up 1.2 %

Shares of LTC stock opened at $32.56 on Monday. LTC Properties, Inc. has a 52-week low of $30.30 and a 52-week high of $35.72. 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 company has a 50-day simple moving average of $32.02 and a two-hundred day simple moving average of $32.10. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 15.07 and a beta of 0.87.

LTC Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 20th will be given a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date of this dividend is Thursday, June 20th. LTC Properties’s dividend payout ratio is currently 105.56%.

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.