Versor Investments LP Takes Position in LTC Properties, Inc. $LTC

Versor Investments LP acquired a new stake in shares of LTC Properties, Inc. (NYSE:LTC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,993 shares of the real estate investment trust’s stock, valued at approximately $995,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LTC. Jones Financial Companies Lllp raised its position in LTC Properties by 75.0% in the third quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 300 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of LTC Properties by 55.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 984 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 352 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of LTC Properties during the 2nd quarter valued at approximately $41,000. Hantz Financial Services Inc. increased its holdings in LTC Properties by 701.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,258 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,101 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in LTC Properties by 21.2% during the second quarter. IFP Advisors Inc now owns 1,691 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 296 shares in the last quarter. Hedge funds and other institutional investors own 69.25% of the company’s stock.

Insiders Place Their Bets

In related news, EVP David M. Boitano acquired 10,000 shares of the stock in a transaction on Wednesday, December 31st. The stock was bought at an average cost of $34.44 per share, with a total value of $344,400.00. Following the transaction, the executive vice president directly owned 25,626 shares in the company, valued at approximately $882,559.44. This represents a 64.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LTC. Weiss Ratings restated a “hold (c)” rating on shares of LTC Properties in a research note on Monday, December 29th. JMP Securities restated a “market outperform” rating and issued a $43.00 price objective on shares of LTC Properties in a research report on Friday, October 17th. Wells Fargo & Company increased their target price on LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Cantor Fitzgerald set a $36.00 target price on LTC Properties in a research note on Monday, January 5th. Finally, Royal Bank Of Canada increased their price objective on shares of LTC Properties from $37.00 to $38.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.60.

LTC Properties Trading Up 2.0%

Shares of LTC stock opened at $38.04 on Wednesday. The company has a market cap of $1.81 billion, a PE ratio of 52.83 and a beta of 0.62. The company has a debt-to-equity ratio of 0.90, a current ratio of 8.68 and a quick ratio of 8.68. The stock’s 50 day simple moving average is $35.58 and its two-hundred day simple moving average is $35.66. LTC Properties, Inc. has a 1 year low of $31.70 and a 1 year high of $38.35.

LTC Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be issued a $0.19 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. LTC Properties’s dividend payout ratio is presently 316.67%.

About LTC Properties

LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that specializes in financing and investing in long-term health care properties. The company focuses on providing capital to operators of senior housing and health care facilities through sale-leaseback transactions, mortgage financings and structured finance arrangements. Its portfolio primarily comprises skilled nursing facilities, assisted living communities and memory care centers.

Since its founding in 1992, LTC Properties has built a diversified portfolio of properties located across the United States.