Insider Selling: LTC Properties, Inc. (NYSE:LTC) Director Sells $182,250.00 in Stock

LTC Properties, Inc. (NYSE:LTC) Director Timothy Triche sold 5,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $36.45, for a total transaction of $182,250.00. Following the sale, the director now directly owns 34,522 shares in the company, valued at $1,258,326.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

LTC Properties Stock Up 0.5 %

Shares of LTC opened at $36.73 on Friday. The business’s fifty day moving average price is $35.95 and its two-hundred day moving average price is $33.98. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 19.13 and a beta of 0.89. LTC Properties, Inc. has a 52 week low of $30.30 and a 52 week high of $38.28. The company has a debt-to-equity ratio of 0.88, a quick ratio of 11.29 and a current ratio of 11.29.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.22). The firm had revenue of $50.12 million during the quarter, compared to the consensus estimate of $33.47 million. LTC Properties had a net margin of 46.78% and a return on equity of 10.22%. LTC Properties’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 EPS. On average, analysts predict that LTC Properties, Inc. will post 2.69 earnings per share for the current year.

LTC Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders 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 6.21%. The ex-dividend date is Friday, September 20th. LTC Properties’s dividend payout ratio is 118.75%.

Institutional Investors Weigh In On LTC Properties

A number of institutional investors and hedge funds have recently modified their holdings of LTC. Charles Schwab Investment Management Inc. grew its holdings in LTC Properties by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 669,340 shares of the real estate investment trust’s stock worth $21,499,000 after acquiring an additional 24,322 shares during the period. Waterloo Capital L.P. acquired a new position in shares of LTC Properties in the 4th quarter valued at $1,519,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of LTC Properties by 180.4% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 47,034 shares of the real estate investment trust’s stock worth $1,623,000 after purchasing an additional 30,258 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of LTC Properties by 32.9% during the fourth quarter. Victory Capital Management Inc. now owns 11,361 shares of the real estate investment trust’s stock worth $365,000 after purchasing an additional 2,814 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in LTC Properties by 78.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,206 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 529 shares during the last quarter. 69.25% of the stock is owned by institutional investors.

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.