LTC Properties, Inc. (NYSE:LTC) Director Sells $97,606.94 in Stock

LTC Properties, Inc. (NYSE:LTC) Director Timothy Triche sold 3,082 shares of the company’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 value 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 sale was disclosed in a filing with the SEC, which is available through this link.

LTC Properties Stock Performance

NYSE:LTC opened at $31.91 on Friday. The stock’s fifty day moving average is $31.77 and its 200 day moving average is $32.07. LTC Properties, Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $35.72. The firm has a market capitalization of $1.38 billion, a PE ratio of 14.77 and a beta of 0.87. The company has a debt-to-equity ratio of 0.97, a quick ratio of 13.29 and a current ratio of 13.29.

LTC Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $2.28 annualized dividend and a yield of 7.15%. LTC Properties’s payout ratio is presently 105.56%.

Institutional Trading of LTC Properties

Several hedge funds and other institutional investors have recently bought and sold shares of LTC. Goldman Sachs Group Inc. increased its stake in LTC Properties by 51.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 206,218 shares of the real estate investment trust’s stock worth $6,624,000 after purchasing an additional 69,973 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of LTC Properties by 3.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,988 shares of the real estate investment trust’s stock worth $707,000 after buying an additional 833 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of LTC Properties during the 4th quarter worth $310,000. Legal & General Group Plc grew its holdings in LTC Properties by 3.0% in the fourth quarter. Legal & General Group Plc now owns 388,555 shares of the real estate investment trust’s stock valued at $12,480,000 after purchasing an additional 11,214 shares during the period. Finally, Barclays PLC grew its holdings in LTC Properties by 142.1% in the fourth quarter. Barclays PLC now owns 76,151 shares of the real estate investment trust’s stock valued at $2,447,000 after purchasing an additional 44,701 shares during the period. Hedge funds and other 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 report on Tuesday, January 30th. They set a “hold” rating and a $34.00 price objective on the stock. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, LTC Properties has an average rating of “Hold” and an average price target of $34.13.

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.