LTC Properties Inc (LTC) Director Sells $130,041.42 in Stock

LTC Properties Inc (NYSE:LTC) Director Boyd W. Hendrickson sold 2,787 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $46.66, for a total value of $130,041.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Boyd W. Hendrickson also recently made the following trade(s):

  • On Monday, December 18th, Boyd W. Hendrickson sold 1,500 shares of LTC Properties stock. The shares were sold at an average price of $47.07, for a total value of $70,605.00.

Shares of LTC Properties Inc (NYSE LTC) traded down $0.97 during mid-day trading on Thursday, hitting $43.92. The stock had a trading volume of 257,900 shares, compared to its average volume of 211,138. The firm has a market cap of $1,783.85, a PE ratio of 14.49, a PEG ratio of 3.66 and a beta of 0.16. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.84. LTC Properties Inc has a fifty-two week low of $43.91 and a fifty-two week high of $52.85.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.26. The business had revenue of $41.25 million during the quarter, compared to analysts’ expectations of $32.91 million. LTC Properties had a return on equity of 11.69% and a net margin of 52.18%. During the same quarter in the previous year, the firm posted $0.57 EPS. research analysts expect that LTC Properties Inc will post 3.08 EPS for the current year.

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $2.28 annualized dividend and a dividend yield of 5.19%. LTC Properties’s dividend payout ratio (DPR) is presently 102.24%.

Several analysts have weighed in on LTC shares. BMO Capital Markets reiterated a “sell” rating and set a $44.00 price target on shares of LTC Properties in a research note on Wednesday, October 18th. Zacks Investment Research downgraded LTC Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 11th. BidaskClub upgraded LTC Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Royal Bank of Canada reiterated a “hold” rating and set a $48.00 price target on shares of LTC Properties in a research note on Monday, October 23rd. Finally, KeyCorp reissued a “hold” rating on shares of LTC Properties in a report on Sunday, September 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $50.17.

Several hedge funds have recently modified their holdings of the company. Pinebridge Investments L.P. lifted its holdings in shares of LTC Properties by 0.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,213 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 49 shares during the period. People s United Financial Inc. lifted its holdings in shares of LTC Properties by 0.9% in the 2nd quarter. People s United Financial Inc. now owns 17,639 shares of the real estate investment trust’s stock valued at $907,000 after buying an additional 150 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of LTC Properties by 6.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,456 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 200 shares during the period. PNC Financial Services Group Inc. raised its holdings in LTC Properties by 12.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,037 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 231 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in LTC Properties by 9.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 300 shares during the period. 77.52% of the stock is owned by institutional investors and hedge funds.

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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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