SG Americas Securities LLC Cuts Stock Position in LTC Properties, Inc. (NYSE:LTC)

SG Americas Securities LLC lessened its holdings in LTC Properties, Inc. (NYSE:LTCFree Report) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,169 shares of the real estate investment trust’s stock after selling 1,705 shares during the quarter. SG Americas Securities LLC’s holdings in LTC Properties were worth $731,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp raised its position in LTC Properties by 5.8% during the third quarter. State Street Corp now owns 3,305,037 shares of the real estate investment trust’s stock valued at $121,262,000 after acquiring an additional 181,973 shares in the last quarter. Geode Capital Management LLC increased its position in shares of LTC Properties by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,125,020 shares of the real estate investment trust’s stock valued at $41,284,000 after buying an additional 8,351 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of LTC Properties by 4.2% in 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 buying an additional 30,422 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of LTC Properties by 5.5% in the second quarter. Dimensional Fund Advisors LP now owns 613,935 shares of the real estate investment trust’s stock valued at $21,180,000 after buying an additional 31,980 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of LTC Properties by 312.3% during the third 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 in the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

Insider Activity at LTC Properties

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

LTC Properties Stock Down 2.3 %

LTC opened at $33.88 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60. The business has a 50 day simple moving average of $35.77 and a 200-day simple moving average of $36.39. The stock has a market capitalization of $1.53 billion, a P/E ratio of 14.54 and a beta of 0.93. LTC Properties, Inc. has a 12 month low of $30.30 and a 12 month high of $39.89.

LTC Properties (NYSE:LTCGet Free Report) last released its quarterly 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). The company had revenue of $55.78 million for the quarter, compared to analysts’ expectations of $35.45 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 EPS. On average, equities analysts anticipate that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The company also recently announced a jan 25 dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 20th will be issued a $0.19 dividend. This represents a yield of 6.45%. The ex-dividend date is Thursday, February 20th. LTC Properties’s payout ratio is currently 97.85%.

Analyst Ratings Changes

A number of equities analysts have weighed in on LTC shares. JMP Securities raised LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Tuesday, January 7th. Citizens Jmp raised LTC Properties from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.75.

Read Our Latest Stock Analysis on LTC

About LTC Properties

(Free Report)

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.

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Institutional Ownership by Quarter for LTC Properties (NYSE:LTC)

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