LTC Properties, Inc. (NYSE:LTC) Shares Bought by Independent Advisor Alliance

Independent Advisor Alliance boosted its stake in shares of LTC Properties, Inc. (NYSE:LTC) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,890 shares of the real estate investment trust’s stock after acquiring an additional 1,381 shares during the quarter. Independent Advisor Alliance’s holdings in LTC Properties were worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in LTC Properties by 25.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,805 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 366 shares during the period. Amalgamated Bank lifted its holdings in shares of LTC Properties by 2.9% in the 2nd quarter. Amalgamated Bank now owns 13,068 shares of the real estate investment trust’s stock valued at $451,000 after buying an additional 372 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of LTC Properties by 0.5% in the 3rd quarter. New York State Teachers Retirement System now owns 76,354 shares of the real estate investment trust’s stock valued at $2,801,000 after buying an additional 375 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of LTC Properties by 35.0% in the 3rd 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 during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of LTC Properties by 3.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 12,178 shares of the real estate investment trust’s stock valued at $420,000 after buying an additional 447 shares during the period. 69.25% of the stock is owned by institutional investors and hedge funds.

LTC Properties Stock Performance

NYSE LTC opened at $38.43 on Tuesday. LTC Properties, Inc. has a 1-year low of $30.30 and a 1-year high of $39.89. The company has a market capitalization of $1.74 billion, a P/E ratio of 16.70 and a beta of 0.90. The business has a 50 day moving average price of $37.07 and a 200 day moving average price of $35.93. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60.

LTC Properties (NYSE:LTC) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.05). LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The firm had revenue of $55.78 million during the quarter, compared to analysts’ expectations of $35.45 million. During the same period in the previous year, the business earned $0.65 earnings per share. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. Sell-side analysts expect that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a $0.19 dividend. This represents a $2.28 annualized dividend and a yield of 5.93%. The ex-dividend date of this dividend is Monday, December 23rd. LTC Properties’s payout ratio is currently 97.85%.

Analyst Upgrades and Downgrades

LTC has been the subject of several recent analyst reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $37.00 price target (up from $36.00) on shares of LTC Properties in a report on Tuesday, October 1st. Wedbush reissued an “outperform” rating and issued a $40.00 price target on shares of LTC Properties in a report on Friday, September 20th.

Insider Activity at LTC Properties

In other LTC Properties news, insider Clint B. Malin sold 6,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $38.75, for a total transaction of $232,500.00. Following the completion of the transaction, the insider now owns 158,585 shares of the company’s stock, valued at approximately $6,145,168.75. This trade represents a 3.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Timothy Triche sold 5,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $36.45, for a total value of $182,250.00. Following the transaction, the director now directly owns 34,522 shares of the company’s stock, valued at $1,258,326.90. The trade was a 12.65 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company 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.