LTC Properties, Inc. (NYSE:LTC) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in shares of LTC Properties, Inc. (NYSE:LTC) by 12.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,433 shares of the real estate investment trust’s stock after selling 3,464 shares during the period. Nisa Investment Advisors LLC owned 0.06% of LTC Properties worth $879,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Barclays PLC lifted its position in LTC Properties by 148.8% during the third quarter. Barclays PLC now owns 87,972 shares of the real estate investment trust’s stock worth $3,228,000 after buying an additional 52,619 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of LTC Properties by 80.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 253,807 shares of the real estate investment trust’s stock worth $9,312,000 after acquiring an additional 113,100 shares during the period. Principal Financial Group Inc. boosted its position in shares of LTC Properties by 6.9% during the 3rd quarter. Principal Financial Group Inc. now owns 229,176 shares of the real estate investment trust’s stock valued at $8,408,000 after acquiring an additional 14,778 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of LTC Properties by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 754,512 shares of the real estate investment trust’s stock valued at $27,683,000 after acquiring an additional 30,422 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of LTC Properties in the third quarter valued at about $679,000. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on LTC shares. Wells Fargo & Company reiterated an “equal weight” rating and issued a $37.00 target price (up from $36.00) on shares of LTC Properties in a report on Tuesday, October 1st. Citizens Jmp upgraded LTC Properties from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, JMP Securities raised LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.75.

Insider Activity at LTC Properties

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

LTC Properties Price Performance

LTC Properties stock opened at $34.90 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.60. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 14.98 and a beta of 0.93. The company’s 50 day simple moving average is $35.94 and its 200-day simple moving average is $36.42. LTC Properties, Inc. has a 1 year low of $30.30 and a 1 year high of $39.89.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.66 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 firm had revenue of $55.78 million for the quarter, compared to analyst estimates of $35.45 million. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, equities research analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Announces Dividend

The company also recently announced a jan 25 dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 23rd will be paid a dividend of $0.19 per share. This represents a yield of 6.45%. The ex-dividend date is Thursday, February 20th. LTC Properties’s payout ratio is 97.85%.

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.