Sanctuary Advisors LLC Invests $270,000 in LTC Properties, Inc. (NYSE:LTC)

Sanctuary Advisors LLC purchased 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. The firm purchased 6,955 shares of the real estate investment trust’s stock, valued at approximately $270,000.

Several other institutional investors and hedge funds have also modified their holdings of LTC. Harbor Capital Advisors Inc. bought a new position in LTC Properties during the third quarter valued at about $36,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of LTC Properties by 35.0% during the 3rd 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 last quarter. GAMMA Investing LLC raised its stake in shares of LTC Properties by 25.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,805 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 366 shares in the last quarter. FMR LLC lifted its holdings in LTC Properties by 132.7% in the 3rd quarter. FMR LLC now owns 2,899 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 1,653 shares during the last quarter. Finally, Community Trust & Investment Co. acquired a new stake in LTC Properties in the 3rd quarter worth approximately $202,000. Institutional investors and hedge funds own 69.25% of the company’s stock.

Insider Buying and Selling

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

LTC Properties Stock Performance

Shares of NYSE LTC opened at $34.42 on Friday. LTC Properties, Inc. has a 12 month low of $30.30 and a 12 month high of $39.89. The company has a market cap of $1.56 billion, a P/E ratio of 14.77 and a beta of 0.91. The business’s 50 day moving average is $37.32 and its two-hundred day moving average is $36.34. 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 announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The company had revenue of $55.78 million for the quarter, compared to the consensus estimate of $35.45 million. During the same period last year, the firm posted $0.65 EPS. The company’s revenue was up 13.1% compared to the same quarter last year. On average, equities analysts expect that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.62%. The ex-dividend date is Monday, December 23rd. LTC Properties’s payout ratio is presently 97.85%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LTC shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $37.00 price target (up previously from $36.00) on shares of LTC Properties in a research report on Tuesday, October 1st. Wedbush reiterated an “outperform” rating and issued a $40.00 target price on shares of LTC Properties in a report on Friday, September 20th.

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.