LTC Properties, Inc. (NYSE:LTC) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 29.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,977 shares of the real estate investment trust’s stock after buying an additional 2,022 shares during the period. Sanctuary Advisors LLC’s holdings in LTC Properties were worth $307,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its holdings in LTC Properties by 0.5% during the third quarter. New York State Teachers Retirement System now owns 76,354 shares of the real estate investment trust’s stock worth $2,801,000 after purchasing an additional 375 shares in the last quarter. 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 valued at $62,000 after buying an additional 437 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 638 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of LTC Properties by 12.3% in the third quarter. Van ECK Associates Corp now owns 7,382 shares of the real estate investment trust’s stock valued at $265,000 after buying an additional 811 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of LTC Properties by 6.2% in the third quarter. Daiwa Securities Group Inc. now owns 14,497 shares of the real estate investment trust’s stock valued at $532,000 after buying an additional 849 shares in the last quarter. Institutional investors own 69.25% of the company’s stock.

LTC Properties Price Performance

Shares of NYSE:LTC opened at $35.73 on Wednesday. The company’s fifty day moving average is $34.45 and its two-hundred day moving average is $36.08. The company has a market cap of $1.62 billion, a P/E ratio of 15.34 and a beta of 0.93. LTC Properties, Inc. has a 12-month low of $31.14 and a 12-month 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 earnings results on Monday, February 24th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The company had revenue of $34.81 million during the quarter, compared to analyst estimates of $45.25 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. Equities analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The firm also recently announced a jan 25 dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 21st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a dividend yield of 6.45%. LTC Properties’s payout ratio is currently 111.22%.

Insider Activity

In other news, Director David L. Gruber acquired 3,000 shares of the business’s stock in a transaction that occurred 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 acquisition, the director now owns 21,516 shares in the company, valued at approximately $799,534.56. The trade was a 16.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on LTC. JMP Securities raised LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Tuesday, January 7th. Citizens Jmp raised LTC Properties from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th.

About LTC Properties

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.