LTC Properties Inc (NYSE:LTC) Director Boyd W. Hendrickson Sells 2,787 Shares

LTC Properties Inc (NYSE:LTC) Director Boyd W. Hendrickson sold 2,787 shares of LTC Properties stock in a transaction on Friday, December 15th. The stock was sold at an average price of $46.66, for a total value of $130,041.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Boyd W. Hendrickson also recently made the following trade(s):

  • On Monday, December 18th, Boyd W. Hendrickson sold 1,500 shares of LTC Properties stock. The stock was sold at an average price of $47.07, for a total value of $70,605.00.

Shares of LTC Properties Inc (LTC) traded down $0.15 on Thursday, hitting $41.04. The company had a trading volume of 242,820 shares, compared to its average volume of 242,174. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.84. LTC Properties Inc has a one year low of $40.65 and a one year high of $52.85. The company has a market capitalization of $1,620.00, a price-to-earnings ratio of 18.49, a P/E/G ratio of 3.40 and a beta of 0.18.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.26. LTC Properties had a return on equity of 11.69% and a net margin of 52.18%. The company had revenue of $41.25 million during the quarter, compared to analyst estimates of $32.91 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. research analysts anticipate that LTC Properties Inc will post 3.08 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Friday, February 16th. LTC Properties’s dividend payout ratio is presently 102.70%.

A number of large investors have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. grew its holdings in LTC Properties by 0.9% during the second quarter. Pinebridge Investments L.P. now owns 5,213 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 49 shares during the period. People s United Financial Inc. grew its holdings in LTC Properties by 0.9% during the second quarter. People s United Financial Inc. now owns 17,639 shares of the real estate investment trust’s stock valued at $907,000 after purchasing an additional 150 shares during the period. Ameritas Investment Partners Inc. grew its holdings in LTC Properties by 6.1% during the second quarter. Ameritas Investment Partners Inc. now owns 3,456 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 200 shares during the period. PNC Financial Services Group Inc. grew its holdings in LTC Properties by 12.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,037 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 231 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in LTC Properties by 9.4% during the second quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the real estate investment trust’s stock valued at $180,000 after purchasing an additional 300 shares during the period. 77.52% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on LTC shares. Zacks Investment Research raised LTC Properties from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. BMO Capital Markets reissued a “sell” rating and issued a $44.00 target price on shares of LTC Properties in a report on Wednesday, October 18th. ValuEngine lowered LTC Properties from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. KeyCorp reissued a “hold” rating on shares of LTC Properties in a report on Sunday, September 17th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $48.00 price objective on shares of LTC Properties in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. LTC Properties currently has an average rating of “Hold” and an average price target of $49.71.

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LTC Properties Company Profile

LTC Properties Inc is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. It invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC).

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