LTC Properties, Inc. (NYSE:LTC) Shares Purchased by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC significantly increased its stake in LTC Properties by 114.3%, acquiring a total of 55,662 shares valued at approximately $1.97 million.
• LTC Properties reported an earnings per share of $0.68 for the last quarter, exceeding analysts' expectations of $0.67, with a revenue of $30.18 million.
• The company announced a dividend of $0.19 per share, with a high dividend yield of 647.0% and a dividend payout ratio of 117.53%.

New Age Alpha Advisors LLC boosted its position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 114.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,662 shares of the real estate investment trust's stock after buying an additional 29,691 shares during the quarter. New Age Alpha Advisors LLC owned approximately 0.12% of LTC Properties worth $1,973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LTC. GF Fund Management CO. LTD. purchased a new position in shares of LTC Properties in the 4th quarter valued at about $27,000. KBC Group NV purchased a new stake in shares of LTC Properties in the first quarter valued at approximately $33,000. Rossby Financial LCC acquired a new position in shares of LTC Properties during the 1st quarter worth approximately $58,000. Elite Financial Inc. acquired a new position in shares of LTC Properties during the 1st quarter worth approximately $69,000. Finally, State of Wyoming lifted its position in shares of LTC Properties by 91.7% during the 4th quarter. State of Wyoming now owns 2,919 shares of the real estate investment trust's stock valued at $101,000 after buying an additional 1,396 shares in the last quarter. Hedge funds and other institutional investors own 69.25% of the company's stock.

LTC Properties Stock Performance

NYSE:LTC opened at $35.12 on Thursday. The company has a market cap of $1.62 billion, a P/E ratio of 19.30 and a beta of 0.66. LTC Properties, Inc. has a twelve month low of $31.70 and a twelve month high of $39.89. The company's 50-day moving average price is $35.06 and its 200-day moving average price is $35.03. The company has a current ratio of 9.06, a quick ratio of 10.55 and a debt-to-equity ratio of 0.67.

LTC Properties (NYSE:LTC - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.01. The business had revenue of $30.18 million for the quarter, compared to analyst estimates of $49.97 million. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. The business's revenue was up 20.2% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. On average, sell-side analysts forecast that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, July 31st. Shareholders of record on Thursday, July 24th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a dividend yield of 647.0%. LTC Properties's dividend payout ratio (DPR) is 117.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wedbush raised shares of LTC Properties to a "strong-buy" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada reissued a "sector perform" rating and set a $36.00 target price on shares of LTC Properties in a research note on Monday, May 19th. Finally, JMP Securities raised their price target on shares of LTC Properties from $40.00 to $43.00 and gave the company a "market outperform" rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $38.75.

Insider Activity

In other news, EVP David M. Boitano purchased 6,000 shares of the stock in a transaction dated Friday, June 27th. The shares were purchased at an average price of $34.71 per share, with a total value of $208,260.00. Following the transaction, the executive vice president owned 15,626 shares in the company, valued at $542,378.46. The trade was a 62.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is owned by company insiders.

About LTC Properties

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.

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