LTC Properties, Inc. (NYSE:LTC) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of LTC Properties, Inc. (NYSE:LTC) by 35.3% in the fourth quarter, HoldingsChannel reports. The firm owned 2,443 shares of the real estate investment trust’s stock after acquiring an additional 638 shares during the quarter. GAMMA Investing LLC’s holdings in LTC Properties were worth $84,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of LTC. Barclays PLC lifted its stake in LTC Properties by 148.8% during the 3rd quarter. Barclays PLC now owns 87,972 shares of the real estate investment trust’s stock valued at $3,228,000 after acquiring an additional 52,619 shares during the period. Principal Financial Group Inc. raised its holdings in shares of LTC Properties by 6.9% during the third quarter. Principal Financial Group Inc. now owns 229,176 shares of the real estate investment trust’s stock worth $8,408,000 after purchasing an additional 14,778 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in LTC Properties by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 754,512 shares of the real estate investment trust’s stock valued at $27,683,000 after purchasing an additional 30,422 shares during the period. Intech Investment Management LLC purchased a new stake in LTC Properties in the third quarter valued at $679,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in LTC Properties by 312.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 332,173 shares of the real estate investment trust’s stock worth $12,187,000 after purchasing an additional 251,609 shares during the period. Hedge funds and other institutional investors own 69.25% of the company’s stock.

LTC Properties Stock Performance

NYSE LTC opened at $33.55 on Friday. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 14.40 and a beta of 0.93. The stock has a 50-day moving average of $36.80 and a 200 day moving average of $36.36. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75. LTC Properties, Inc. has a twelve month low of $30.30 and a twelve month high of $39.89.

LTC Properties (NYSE:LTC) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.05). LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The business had revenue of $55.78 million for the quarter, compared to analyst estimates of $35.45 million. During the same period in the previous year, the company earned $0.65 earnings per share. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. Sell-side analysts anticipate that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be issued a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 6.80%. The ex-dividend date of this dividend is Friday, March 21st. LTC Properties’s payout ratio is 97.85%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LTC shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $37.00 price objective (up previously from $36.00) on shares of LTC Properties in a report on Tuesday, October 1st. Wedbush reissued an “outperform” rating and issued a $40.00 price target on shares of LTC Properties in a report on Friday, September 20th. Citizens Jmp raised shares of LTC Properties from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, JMP Securities upgraded shares of LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.75.

Insider Activity

In other news, Director David L. Gruber acquired 3,000 shares of LTC Properties stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $37.16 per share, with a total value of $111,480.00. Following the purchase, the director now owns 21,516 shares in the company, valued at $799,534.56. This trade represents a 16.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Clint B. Malin sold 6,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $38.75, for a total value of $232,500.00. Following the completion of the transaction, the insider now owns 158,585 shares in the company, valued at $6,145,168.75. The trade was a 3.65 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

About LTC Properties

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.