Van ECK Associates Corp Purchases 1,097 Shares of LTC Properties, Inc. (NYSE:LTC)

Van ECK Associates Corp lifted its position in LTC Properties, Inc. (NYSE:LTC) by 14.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,479 shares of the real estate investment trust’s stock after purchasing an additional 1,097 shares during the quarter. Van ECK Associates Corp’s holdings in LTC Properties were worth $293,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LTC. Harbor Capital Advisors Inc. bought a new position in shares of LTC Properties in the third quarter worth $36,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of LTC Properties by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,687 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 437 shares during the period. GAMMA Investing LLC increased its stake in LTC Properties by 35.3% in the fourth quarter. GAMMA Investing LLC now owns 2,443 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 638 shares during the last quarter. FMR LLC increased its stake in LTC Properties by 132.7% in the third quarter. FMR LLC now owns 2,899 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 1,653 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in LTC Properties in the third quarter valued at $270,000. Institutional investors own 69.25% of the company’s stock.

LTC Properties Stock Performance

NYSE LTC opened at $34.44 on Monday. The company has a 50-day simple moving average of $34.52 and a two-hundred day simple moving average of $36.13. 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, Inc. has a 12-month low of $31.14 and a 12-month high of $39.89. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 14.78 and a beta of 0.93.

LTC Properties Announces Dividend

The firm also recently declared a jan 25 dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a yield of 6.45%. LTC Properties’s payout ratio is 97.85%.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, Director David L. Gruber purchased 3,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was acquired at an average cost of $37.16 per share, for a total transaction of $111,480.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on LTC. JMP Securities raised LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Tuesday, January 7th. Citizens Jmp raised LTC Properties from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th.

LTC Properties Profile

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.