LTC Properties (NYSE:LTC) Share Price Crosses Above 200 Day Moving Average of $32.65

Shares of LTC Properties, Inc. (NYSE:LTC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.65 and traded as high as $34.57. LTC Properties shares last traded at $34.50, with a volume of 791,203 shares.

LTC Properties Stock Performance

The company has a current ratio of 15.86, a quick ratio of 15.86 and a debt-to-equity ratio of 0.94. The company’s 50-day moving average is $33.82 and its two-hundred day moving average is $32.65. The stock has a market capitalization of $1.50 billion, a P/E ratio of 17.97 and a beta of 0.89.

LTC Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 20th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $2.28 annualized dividend and a dividend yield of 6.61%. LTC Properties’s dividend payout ratio is presently 118.75%.

Insider Buying and Selling

In related news, Director Timothy Triche sold 3,082 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $31.67, for a total value of $97,606.94. Following the completion of the sale, the director now owns 36,343 shares of the company’s stock, valued at $1,150,982.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On LTC Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its holdings in LTC Properties by 5.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 70,157 shares of the real estate investment trust’s stock valued at $2,311,000 after acquiring an additional 3,839 shares during the last quarter. Cetera Advisors LLC bought a new stake in shares of LTC Properties in the 1st quarter worth approximately $276,000. Walleye Trading LLC acquired a new stake in LTC Properties during the first quarter valued at approximately $209,000. Benchmark Investment Advisors LLC bought a new stake in LTC Properties during the first quarter worth approximately $292,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in LTC Properties in the first quarter worth approximately $232,000. Institutional investors own 69.25% of the company’s stock.

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.