Timothy Triche Sells 3,082 Shares of LTC Properties, Inc. (NYSE:LTC) Stock

LTC Properties, Inc. (NYSE:LTC - Get Free Report) Director Timothy Triche sold 3,082 shares of the firm's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $31.67, for a total transaction of $97,606.94. Following the completion of the transaction, the director now owns 36,343 shares in the company, valued at approximately $1,150,982.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

LTC Properties Stock Up 1.3 %

LTC traded up $0.41 during trading hours on Friday, reaching $31.91. 352,601 shares of the stock traded hands, compared to its average volume of 296,483. LTC Properties, Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $35.72. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 14.77 and a beta of 0.87. The company has a debt-to-equity ratio of 0.97, a current ratio of 13.29 and a quick ratio of 13.29. The firm's fifty day simple moving average is $31.77 and its two-hundred day simple moving average is $32.07.

LTC Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 20th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $2.28 annualized dividend and a dividend yield of 7.15%. LTC Properties's dividend payout ratio is presently 105.56%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. State of Tennessee Treasury Department grew its holdings in LTC Properties by 1.1% during the 4th quarter. State of Tennessee Treasury Department now owns 28,470 shares of the real estate investment trust's stock worth $1,012,000 after acquiring an additional 313 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in LTC Properties by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 40,058 shares of the real estate investment trust's stock worth $1,287,000 after purchasing an additional 317 shares in the last quarter. Sigma Planning Corp increased its holdings in LTC Properties by 4.0% in the third quarter. Sigma Planning Corp now owns 8,470 shares of the real estate investment trust's stock valued at $272,000 after buying an additional 327 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in LTC Properties by 3.3% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,274 shares of the real estate investment trust's stock valued at $422,000 after buying an additional 355 shares during the last quarter. Finally, Advisor Group Holdings Inc. raised its stake in LTC Properties by 3.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 10,662 shares of the real estate investment trust's stock valued at $378,000 after buying an additional 366 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company's stock.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of LTC Properties in a research report on Tuesday, January 30th. They set a "hold" rating and a $34.00 price target for the company. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, LTC Properties has a consensus rating of "Hold" and an average target price of $34.13.

About LTC Properties

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 201 properties in 26 states with 29 operating partners.