LTC Properties, Inc. (NYSE:LTC – Get Free Report) Director David L. Gruber bought 3,000 shares of LTC Properties stock in a transaction that occurred on Wednesday, December 11th. The shares were acquired at an average price of $37.16 per share, with a total value of $111,480.00. Following the completion of the transaction, the director now owns 21,516 shares of the company’s stock, valued at $799,534.56. This represents a 16.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
LTC Properties Stock Down 0.7 %
LTC opened at $36.84 on Friday. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75. The business’s 50-day moving average price is $37.44 and its 200-day moving average price is $36.25. The company has a market cap of $1.67 billion, a P/E ratio of 15.81 and a beta of 0.91. LTC Properties, Inc. has a 12 month low of $30.30 and a 12 month high of $39.89.
LTC Properties (NYSE:LTC – Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $35.45 million. During the same period in the previous year, the company earned $0.65 EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. On average, equities analysts expect that LTC Properties, Inc. will post 2.79 EPS for the current year.
LTC Properties Announces Dividend
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in LTC Properties by 25.4% in the third quarter. GAMMA Investing LLC now owns 1,805 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 366 shares in the last quarter. Amalgamated Bank raised its stake in LTC Properties by 2.9% in the second quarter. Amalgamated Bank now owns 13,068 shares of the real estate investment trust’s stock worth $451,000 after buying an additional 372 shares in the last quarter. New York State Teachers Retirement System raised its stake in LTC Properties by 0.5% in the third quarter. New York State Teachers Retirement System now owns 76,354 shares of the real estate investment trust’s stock worth $2,801,000 after buying an additional 375 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in LTC Properties by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,687 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 437 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in LTC Properties by 3.8% in the second quarter. Commonwealth Equity Services LLC now owns 12,178 shares of the real estate investment trust’s stock worth $420,000 after buying an additional 447 shares in the last quarter. Institutional investors own 69.25% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Wells Fargo & Company reiterated an “equal weight” rating and set a $37.00 price objective (up from $36.00) on shares of LTC Properties in a research report on Tuesday, October 1st. Wedbush reiterated an “outperform” rating and set a $40.00 price target on shares of LTC Properties in a research report on Friday, September 20th.
Get Our Latest Analysis on LTC
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.
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