LTC Properties (NYSE:LTC) Sets New 12-Month High at $35.80

LTC Properties, Inc. (NYSE:LTC)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $35.80 and last traded at $35.72, with a volume of 145315 shares trading hands. The stock had previously closed at $35.12.

LTC Properties Price Performance

The company has a 50 day moving average of $34.15 and a 200 day moving average of $32.73. The company has a debt-to-equity ratio of 0.94, a quick ratio of 15.86 and a current ratio of 15.86. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 18.29 and a beta of 0.89.

LTC Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date is Friday, September 20th. LTC Properties’s dividend payout ratio (DPR) is 118.75%.

Institutional Trading of LTC Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in LTC. Charles Schwab Investment Management Inc. grew its position in shares of LTC Properties by 3.8% in the fourth 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 purchasing an additional 24,322 shares during the last quarter. Waterloo Capital L.P. acquired a new position in LTC Properties in the fourth quarter valued at $1,519,000. Exchange Traded Concepts LLC raised its holdings in LTC Properties by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 40,058 shares of the real estate investment trust’s stock valued at $1,287,000 after buying an additional 317 shares during the period. Victory Capital Management Inc. lifted its stake in shares of LTC Properties by 32.9% during the fourth quarter. Victory Capital Management Inc. now owns 11,361 shares of the real estate investment trust’s stock worth $365,000 after purchasing an additional 2,814 shares in the last quarter. Finally, New York State Teachers Retirement System grew its holdings in LTC Properties by 4.5% during the 4th quarter. New York State Teachers Retirement System now owns 80,651 shares of the real estate investment trust’s stock valued at $2,591,000 after purchasing an additional 3,472 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

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.