Cwm LLC Lowers Position in LTC Properties, Inc. (NYSE:LTC)

Cwm LLC cut its stake in LTC Properties, Inc. (NYSE:LTC) by 5.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,724 shares of the real estate investment trust’s stock after selling 1,675 shares during the period. Cwm LLC owned 0.07% of LTC Properties worth $934,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LTC. GAMMA Investing LLC bought a new stake in LTC Properties during the fourth quarter valued at $28,000. Quadrant Capital Group LLC lifted its holdings in LTC Properties by 78.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,206 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 529 shares during the last quarter. Private Trust Co. NA lifted its holdings in LTC Properties by 69.2% in the 4th quarter. Private Trust Co. NA now owns 1,252 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 512 shares during the last quarter. Principal Securities Inc. acquired a new stake in LTC Properties in the 4th quarter valued at about $58,000. Finally, Van ECK Associates Corp lifted its stake in LTC Properties by 19.7% during the fourth quarter. Van ECK Associates Corp now owns 5,748 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 945 shares in the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other LTC Properties news, Director Timothy Triche sold 3,082 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $31.67, for a total transaction of $97,606.94. Following the transaction, the director now 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 at the SEC website. 2.00% of the stock is currently owned by corporate insiders.

LTC Properties Trading Down 0.5 %

NYSE:LTC opened at $33.54 on Friday. The stock’s 50 day moving average price is $33.54 and its 200 day moving average price is $32.62. LTC Properties, Inc. has a 52 week low of $30.30 and a 52 week high of $35.72. The company has a market capitalization of $1.46 billion, a P/E ratio of 17.47 and a beta of 0.89. The company has a debt-to-equity ratio of 0.94, a quick ratio of 15.86 and a current ratio of 15.86.

LTC Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $2.28 dividend on an annualized basis and a yield of 6.80%. LTC Properties’s dividend payout ratio is currently 118.75%.

LTC Properties 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.