LTC Properties, Inc. (NYSE:LTC) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 148.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,972 shares of the real estate investment trust’s stock after acquiring an additional 52,619 shares during the quarter. Barclays PLC owned approximately 0.19% of LTC Properties worth $3,228,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of LTC Properties by 25.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,805 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 366 shares during the period. Amalgamated Bank increased its position in LTC Properties by 2.9% in the second quarter. Amalgamated Bank now owns 13,068 shares of the real estate investment trust’s stock worth $451,000 after buying an additional 372 shares during the period. New York State Teachers Retirement System lifted its stake in LTC Properties by 0.5% in the third quarter. New York State Teachers Retirement System now owns 76,354 shares of the real estate investment trust’s stock valued at $2,801,000 after buying an additional 375 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of LTC Properties by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,687 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 437 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of LTC Properties by 3.8% during the second quarter. Commonwealth Equity Services LLC now owns 12,178 shares of the real estate investment trust’s stock valued at $420,000 after acquiring an additional 447 shares during the period. Institutional investors own 69.25% of the company’s stock.

LTC Properties Price Performance

Shares of NYSE LTC opened at $34.49 on Tuesday. The stock has a market cap of $1.56 billion, a P/E ratio of 14.80 and a beta of 0.91. The firm’s 50-day simple moving average is $37.44 and its 200 day simple moving average is $36.35. LTC Properties, Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $39.89. The company has a quick ratio of 11.60, a current ratio of 11.60 and a debt-to-equity ratio of 0.75.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). The company had revenue of $55.78 million for the quarter, compared to the consensus estimate of $35.45 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. Equities analysts expect that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be paid a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date is Monday, December 23rd. LTC Properties’s payout ratio is currently 97.85%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LTC. Wells Fargo & Company reiterated an “equal weight” rating and issued a $37.00 price objective (up from $36.00) on shares of LTC Properties in a research report on Tuesday, October 1st. Wedbush reaffirmed an “outperform” rating and set a $40.00 price target on shares of LTC Properties in a report on Friday, September 20th.

Insider Activity

In other news, insider Clint B. Malin sold 6,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $38.75, for a total transaction of $232,500.00. Following the completion of the transaction, the insider now owns 158,585 shares in the company, valued at approximately $6,145,168.75. This trade represents a 3.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David L. Gruber bought 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $37.16 per share, for a total transaction of $111,480.00. Following the completion of the acquisition, the director now directly owns 21,516 shares in the company, valued at approximately $799,534.56. This represents a 16.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.00% of the stock is owned by insiders.

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.