LTC Properties, Inc. (NYSE:LTC) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its position in LTC Properties, Inc. (NYSE:LTC) by 10.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,565 shares of the real estate investment trust’s stock after acquiring an additional 7,408 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.18% of LTC Properties worth $2,667,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in LTC Properties by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,695,390 shares of the real estate investment trust’s stock valued at $217,667,000 after purchasing an additional 91,963 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in shares of LTC Properties by 3,401.1% in the 2nd quarter. Strategic Financial Concepts LLC now owns 673,369 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 654,136 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in LTC Properties by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 669,340 shares of the real estate investment trust’s stock valued at $21,499,000 after acquiring an additional 24,322 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in LTC Properties by 3.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 294,173 shares of the real estate investment trust’s stock valued at $9,877,000 after acquiring an additional 9,221 shares in the last quarter. Finally, Norges Bank acquired a new position in LTC Properties during the fourth quarter worth about $8,609,000. 69.25% of the stock is owned by hedge funds and other institutional investors.

LTC Properties Stock Up 0.1 %

Shares of NYSE LTC opened at $37.30 on Thursday. 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 50-day moving average is $36.45 and its two-hundred day moving average is $34.34. LTC Properties, Inc. has a 12-month low of $30.30 and a 12-month high of $38.28. The company has a market capitalization of $1.62 billion, a PE ratio of 19.43 and a beta of 0.91.

LTC Properties (NYSE:LTC) last announced its 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 net margin of 46.78% and a return on equity of 10.22%. The company had revenue of $50.12 million for the quarter, compared to analyst estimates of $33.47 million. During the same quarter last year, the company posted $0.66 EPS. LTC Properties’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities analysts anticipate that LTC Properties, Inc. will post 2.69 EPS for the current fiscal year.

LTC Properties Dividend Announcement

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

Insider Buying and Selling at LTC Properties

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

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.