MQS Management LLC Purchases Shares of 15,930 LTC Properties, Inc. (NYSE:LTC)

MQS Management LLC purchased a new position in LTC Properties, Inc. (NYSE:LTC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,930 shares of the real estate investment trust’s stock, valued at approximately $550,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its stake in shares of 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 buying an additional 529 shares during the period. GAMMA Investing LLC raised its holdings in LTC Properties by 91.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,439 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 687 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of LTC Properties in the 4th quarter worth approximately $58,000. Walleye Trading LLC acquired a new stake in shares of LTC Properties during the 1st quarter worth approximately $209,000. Finally, Van ECK Associates Corp increased its position in shares of LTC Properties by 11.7% during the second quarter. Van ECK Associates Corp now owns 6,571 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 689 shares during the period. Institutional investors own 69.25% of the company’s stock.

LTC Properties Stock Up 0.1 %

LTC opened at $37.30 on Thursday. The company has a market capitalization of $1.62 billion, a P/E ratio of 19.43 and a beta of 0.91. The company has a debt-to-equity ratio of 0.88, a current ratio of 11.29 and a quick ratio of 11.29. The firm’s fifty day moving average price is $36.45 and its two-hundred day moving average price is $34.34. LTC Properties, Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $38.28.

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

LTC Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.11%. The ex-dividend date is Friday, September 20th. LTC Properties’s payout ratio is 118.75%.

Insider Buying and Selling

In other news, Director David L. Gruber purchased 6,000 shares of LTC Properties stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $35.75 per share, for a total transaction of $214,500.00. Following the completion of the transaction, the director now directly owns 18,412 shares in the company, valued at $658,229. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other LTC Properties news, Director Timothy Triche sold 5,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $36.45, for a total transaction of $182,250.00. Following the transaction, the director now owns 34,522 shares of the company’s stock, valued at approximately $1,258,326.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David L. Gruber bought 6,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $35.75 per share, with a total value of $214,500.00. Following the transaction, the director now owns 18,412 shares of the company’s stock, valued at $658,229. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by corporate insiders.

About LTC Properties

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.