LTC Properties (NYSE:LTC) Sees Large Volume Increase

Shares of LTC Properties, Inc. (NYSE:LTC) saw an uptick in trading volume on Tuesday . 235,824 shares traded hands during trading, a decline of 16% from the previous session’s volume of 282,076 shares.The stock last traded at $36.20 and had previously closed at $36.24.

LTC Properties Stock Performance

The company has a current ratio of 11.29, a quick ratio of 15.86 and a debt-to-equity ratio of 0.88. The stock has a market cap of $1.59 billion, a P/E ratio of 19.08 and a beta of 0.89. The company’s 50-day simple moving average is $35.61 and its 200 day simple moving average is $33.78.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.22). The company had revenue of $50.12 million during the quarter, compared to the consensus estimate of $33.47 million. LTC Properties had a return on equity of 10.22% and a net margin of 46.78%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. As a group, sell-side analysts expect that LTC Properties, Inc. will post 2.64 EPS for the current fiscal year.

LTC Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.22%. LTC Properties’s dividend payout ratio (DPR) is presently 118.75%.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, Director David L. Gruber bought 6,000 shares of the stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $35.75 per share, with a total value of $214,500.00. Following the acquisition, the director now directly owns 18,412 shares of the company’s stock, valued at approximately $658,229. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LTC. GAMMA Investing LLC purchased a new position in shares of LTC Properties during the 4th quarter valued at $28,000. Van ECK Associates Corp grew its position in shares of LTC Properties by 19.7% during the 4th quarter. Van ECK Associates Corp now owns 5,748 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 945 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of LTC Properties by 32.9% during the 4th quarter. Victory Capital Management Inc. now owns 11,361 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 2,814 shares in the last quarter. New York Life Investment Management LLC purchased a new position in shares of LTC Properties during the 4th quarter valued at $201,000. Finally, Private Advisor Group LLC purchased a new position in shares of LTC Properties during the 4th quarter valued at $245,000. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

LTC Properties Company Profile

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.