LTC Properties, Inc. (NYSE:LTC) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its position in shares of LTC Properties, Inc. (NYSE:LTC) by 4.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,000 shares of the real estate investment trust’s stock after selling 900 shares during the period. Louisiana State Employees Retirement System’s holdings in LTC Properties were worth $770,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the business. Community Trust & Investment Co. purchased a new position in LTC Properties during the third quarter valued at $202,000. Venture Visionary Partners LLC raised its holdings in shares of LTC Properties by 88.5% during the third quarter. Venture Visionary Partners LLC now owns 19,170 shares of the real estate investment trust’s stock valued at $703,000 after acquiring an additional 9,001 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of LTC Properties in the third quarter worth approximately $559,000. Exchange Traded Concepts LLC increased its position in shares of LTC Properties by 124.2% during the third quarter. Exchange Traded Concepts LLC now owns 46,443 shares of the real estate investment trust’s stock worth $1,704,000 after purchasing an additional 25,730 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in 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 purchasing an additional 366 shares during the last quarter. 69.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at LTC Properties

In other news, Director Timothy Triche sold 5,000 shares of the 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 sale, the director now owns 34,522 shares of the company’s stock, valued at approximately $1,258,326.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

LTC Properties Trading Up 1.2 %

Shares of LTC opened at $37.75 on Tuesday. The company has a current ratio of 11.60, a quick ratio of 11.29 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $36.56 and a 200 day moving average price of $35.36. LTC Properties, Inc. has a 12-month low of $30.30 and a 12-month high of $39.64. The firm has a market capitalization of $1.71 billion, a P/E ratio of 16.20 and a beta of 0.90.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.05). The company had revenue of $55.78 million during the quarter, compared to analysts’ expectations of $35.45 million. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 earnings per share. Sell-side analysts forecast that LTC Properties, Inc. will post 2.74 EPS for the current year.

LTC Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be issued a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date of this dividend is Thursday, November 21st. LTC Properties’s dividend payout ratio (DPR) is 97.85%.

About LTC Properties

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.