LTC Properties, Inc. (NYSE:LTC) EVP Buys $138,000.00 in Stock

LTC Properties, Inc. (NYSE:LTC - Get Free Report) EVP David M. Boitano purchased 4,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were purchased at an average cost of $34.50 per share, with a total value of $138,000.00. Following the completion of the purchase, the executive vice president owned 9,626 shares in the company, valued at $332,097. This trade represents a 71.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

LTC Properties Price Performance

Shares of LTC Properties stock traded up $0.13 during mid-day trading on Monday, reaching $34.64. 355,091 shares of the stock traded hands, compared to its average volume of 316,007. LTC Properties, Inc. has a fifty-two week low of $31.70 and a fifty-two week high of $39.89. The company has a quick ratio of 10.55, a current ratio of 10.55 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average of $35.35 and a 200 day moving average of $34.97. The stock has a market capitalization of $1.59 billion, a PE ratio of 17.86 and a beta of 0.66.

LTC Properties (NYSE:LTC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm had revenue of $49.03 million for the quarter, compared to analyst estimates of $44.43 million. LTC Properties had a return on equity of 8.48% and a net margin of 42.16%. LTC Properties's revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 earnings per share. On average, analysts predict that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 23rd were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, May 22nd. This represents a dividend yield of 6.31%. LTC Properties's payout ratio is 117.53%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LTC. Vanguard Group Inc. raised its stake in LTC Properties by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,000,767 shares of the real estate investment trust's stock worth $248,177,000 after acquiring an additional 39,833 shares in the last quarter. Geode Capital Management LLC increased its stake in LTC Properties by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 1,166,601 shares of the real estate investment trust's stock valued at $40,314,000 after buying an additional 41,581 shares during the period. Bank of New York Mellon Corp raised its holdings in LTC Properties by 6.1% during the fourth quarter. Bank of New York Mellon Corp now owns 962,651 shares of the real estate investment trust's stock worth $33,260,000 after purchasing an additional 55,254 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of LTC Properties by 15.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 949,322 shares of the real estate investment trust's stock valued at $33,653,000 after buying an additional 126,598 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of LTC Properties by 3.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 646,592 shares of the real estate investment trust's stock worth $22,340,000 after purchasing an additional 19,486 shares during the period. 69.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LTC has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $36.00 price target on shares of LTC Properties in a research note on Monday, May 19th. Wells Fargo & Company cut their price objective on shares of LTC Properties from $38.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Monday, March 10th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $38.00.

LTC Properties Company Profile

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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