Stratos Wealth Partners LTD. Trims Stake in LTC Properties, Inc. (NYSE:LTC)

Stratos Wealth Partners LTD. trimmed its holdings in shares of LTC Properties, Inc. (NYSE:LTCFree Report) by 25.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,633 shares of the real estate investment trust’s stock after selling 2,285 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in LTC Properties were worth $235,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Crossmark Global Holdings Inc. boosted its holdings in shares of LTC Properties by 15.4% in the 1st quarter. Crossmark Global Holdings Inc. now owns 17,726 shares of the real estate investment trust’s stock worth $628,000 after purchasing an additional 2,368 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of LTC Properties by 45.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 81,624 shares of the real estate investment trust’s stock worth $2,894,000 after purchasing an additional 25,374 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of LTC Properties by 20.8% in the 1st quarter. Penserra Capital Management LLC now owns 28,760 shares of the real estate investment trust’s stock worth $1,019,000 after purchasing an additional 4,951 shares in the last quarter. Elite Financial Inc. purchased a new position in shares of LTC Properties in the 1st quarter worth about $69,000. Finally, Aurora Private Wealth Inc. purchased a new position in shares of LTC Properties in the 1st quarter worth about $1,022,000. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

LTC Properties Stock Up 0.2%

LTC stock opened at $35.32 on Thursday. LTC Properties, Inc. has a fifty-two week low of $31.70 and a fifty-two week high of $39.89. The business’s 50 day moving average price is $35.24 and its two-hundred day moving average price is $34.97. The company has a debt-to-equity ratio of 0.65, a quick ratio of 10.55 and a current ratio of 10.55. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 18.20 and a beta of 0.65.

LTC Properties (NYSE:LTCGet Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). The company had revenue of $49.03 million during the quarter, compared to analysts’ expectations of $44.43 million. LTC Properties had a return on equity of 8.48% and a net margin of 42.16%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 EPS. As a group, analysts forecast that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 24th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, July 23rd. This represents a dividend yield of 6.47%. LTC Properties’s payout ratio is currently 117.53%.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, EVP David M. Boitano bought 6,000 shares of the business’s stock in a transaction on Friday, June 27th. The shares were acquired at an average cost of $34.71 per share, for a total transaction of $208,260.00. Following the purchase, the executive vice president owned 15,626 shares in the company, valued at approximately $542,378.46. This trade represents a 62.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on LTC. Wedbush raised LTC Properties to a “strong-buy” rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $36.00 target price on shares of LTC Properties in a research note on Monday, May 19th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $38.00.

Get Our Latest Research Report on LTC

LTC Properties Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding LTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LTC Properties, Inc. (NYSE:LTCFree Report).

Institutional Ownership by Quarter for LTC Properties (NYSE:LTC)

Receive News & Ratings for LTC Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LTC Properties and related companies with MarketBeat.com's FREE daily email newsletter.