LTC Properties (NYSE:LTC) Stock Price Crosses Above 200 Day Moving Average of $32.65

LTC Properties, Inc. (NYSE:LTC)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.65 and traded as high as $34.57. LTC Properties shares last traded at $34.50, with a volume of 791,203 shares traded.

LTC Properties Trading Up 1.1 %

The firm has a market capitalization of $1.50 billion, a P/E ratio of 17.97 and a beta of 0.89. The company has a current ratio of 15.86, a quick ratio of 15.86 and a debt-to-equity ratio of 0.94. The stock has a 50 day simple moving average of $33.82 and a 200-day simple moving average of $32.65.

LTC Properties Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 20th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, June 20th. This represents a $2.28 annualized dividend and a yield of 6.61%. LTC Properties’s dividend payout ratio (DPR) is 118.75%.

Insiders Place Their Bets

In other news, Director Timothy Triche sold 3,082 shares of the business’s stock in a transaction 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 sale, the director now owns 36,343 shares of the company’s stock, valued at approximately $1,150,982.81. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LTC. Exchange Traded Concepts LLC boosted its holdings in LTC Properties by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 40,058 shares of the real estate investment trust’s stock worth $1,287,000 after buying an additional 317 shares during the period. Texas Permanent School Fund Corp boosted its stake in shares of LTC Properties by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 36,243 shares of the real estate investment trust’s stock worth $1,178,000 after acquiring an additional 469 shares during the period. Private Trust Co. NA grew its position in shares of LTC Properties by 69.2% during the fourth quarter. Private Trust Co. NA now owns 1,252 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 512 shares in the last quarter. Quadrant Capital Group LLC raised its stake in LTC Properties by 78.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,206 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 529 shares during the period. Finally, Sei Investments Co. lifted its holdings in LTC Properties by 2.0% in the 1st quarter. Sei Investments Co. now owns 28,669 shares of the real estate investment trust’s stock worth $933,000 after purchasing an additional 550 shares in the last quarter. 69.25% of the stock is owned by hedge funds and other institutional investors.

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.