LTC Properties Inc (NYSE:LTC) Director Sells $70,605.00 in Stock

LTC Properties Inc (NYSE:LTC) Director Boyd W. Hendrickson sold 1,500 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $47.07, for a total value of $70,605.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, December 15th, Boyd W. Hendrickson sold 2,787 shares of LTC Properties stock. The shares were sold at an average price of $46.66, for a total value of $130,041.42.

LTC Properties Inc (NYSE:LTC) opened at $41.04 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 8.66 and a quick ratio of 8.66. LTC Properties Inc has a 12 month low of $40.65 and a 12 month high of $52.85. The company has a market capitalization of $1,620.00, a PE ratio of 18.49, a PEG ratio of 3.40 and a beta of 0.18.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.76 EPS for the quarter, topping the 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 firm had revenue of $41.25 million for the quarter, compared to the consensus estimate of $32.91 million. During the same quarter last year, the company earned $0.57 earnings per share. research analysts expect that LTC Properties Inc will post 3.08 EPS for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 20th will be paid a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Friday, February 16th. LTC Properties’s dividend payout ratio (DPR) is currently 102.70%.

Large investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new stake in shares of LTC Properties during the third quarter worth about $383,000. Ameriprise Financial Inc. grew its position in shares of LTC Properties by 1.5% during the third quarter. Ameriprise Financial Inc. now owns 345,608 shares of the real estate investment trust’s stock worth $16,237,000 after purchasing an additional 5,038 shares in the last quarter. Summit Global Investments grew its position in shares of LTC Properties by 30.8% during the second quarter. Summit Global Investments now owns 10,200 shares of the real estate investment trust’s stock worth $524,000 after purchasing an additional 2,400 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of LTC Properties by 20.1% during the second quarter. BNP Paribas Arbitrage SA now owns 26,031 shares of the real estate investment trust’s stock worth $1,338,000 after purchasing an additional 4,349 shares in the last quarter. Finally, AXA grew its position in shares of LTC Properties by 57.4% during the second quarter. AXA now owns 82,265 shares of the real estate investment trust’s stock worth $4,228,000 after purchasing an additional 30,000 shares in the last quarter. Hedge funds and other institutional investors own 77.52% of the company’s stock.

A number of research firms have weighed in on LTC. Zacks Investment Research raised LTC Properties from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Thursday. 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. KeyCorp reissued a “hold” rating on shares of LTC Properties in a report on Sunday, September 17th. ValuEngine downgraded LTC Properties from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $48.00 target price 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 given a buy rating to the stock. The stock has a consensus 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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