Dean Capital Management lifted its position in shares of LTC Properties Inc (NYSE:LTC) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,675 shares of the real estate investment trust’s stock after purchasing an additional 8,670 shares during the period. LTC Properties accounts for approximately 1.9% of Dean Capital Management’s portfolio, making the stock its 8th largest position. Dean Capital Management’s holdings in LTC Properties were worth $4,080,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in LTC Properties by 14.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,214,154 shares of the real estate investment trust’s stock worth $52,876,000 after buying an additional 152,673 shares in the last quarter. Deutsche Bank AG raised its stake in LTC Properties by 222.4% in the fourth quarter. Deutsche Bank AG now owns 166,802 shares of the real estate investment trust’s stock worth $7,260,000 after buying an additional 115,064 shares in the last quarter. Two Sigma Investments LP raised its stake in LTC Properties by 230.3% in the fourth quarter. Two Sigma Investments LP now owns 164,610 shares of the real estate investment trust’s stock worth $7,169,000 after buying an additional 114,774 shares in the last quarter. Renaissance Technologies LLC raised its stake in LTC Properties by 1,381.5% in the fourth quarter. Renaissance Technologies LLC now owns 120,000 shares of the real estate investment trust’s stock worth $5,226,000 after buying an additional 111,900 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in LTC Properties by 93.5% in the fourth quarter. Two Sigma Advisers LP now owns 157,916 shares of the real estate investment trust’s stock worth $6,877,000 after buying an additional 76,309 shares in the last quarter. Institutional investors own 80.18% of the company’s stock.
In other LTC Properties news, Director Timothy Triche sold 2,720 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $43.35, for a total transaction of $117,912.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Boyd W. Hendrickson sold 2,787 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $46.66, for a total transaction of $130,041.42. The disclosure for this sale can be found here. Insiders have sold 9,727 shares of company stock valued at $436,470 in the last ninety days. Insiders own 1.50% of the company’s stock.
LTC Properties Inc (NYSE LTC) opened at $39.13 on Thursday. LTC Properties Inc has a one year low of $36.90 and a one year high of $52.85. The firm has a market cap of $1,550.00, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 3.27 and a beta of 0.17. The company has a current ratio of 8.25, a quick ratio of 8.25 and a debt-to-equity ratio of 0.88.
LTC Properties (NYSE:LTC) last announced its earnings results on Thursday, March 1st. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.25). LTC Properties had a net margin of 51.86% and a return on equity of 11.52%. The business had revenue of $41.73 million for the quarter, compared to the consensus estimate of $33.28 million. equities research analysts expect that LTC Properties Inc will post 3.04 EPS for the current fiscal year.
The firm also recently announced a monthly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date was Friday, February 16th. LTC Properties’s dividend payout ratio is 103.64%.
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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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