Louisiana State Employees Retirement System Buys 1,400 Shares of LTC Properties, Inc. (NYSE:LTC)

Louisiana State Employees Retirement System raised its stake in shares of LTC Properties, Inc. (NYSE:LTC) by 6.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 21,900 shares of the real estate investment trust’s stock after purchasing an additional 1,400 shares during the period. Louisiana State Employees Retirement System owned 0.05% of LTC Properties worth $756,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC bought a new position in shares of LTC Properties during the 4th quarter valued at approximately $28,000. Quadrant Capital Group LLC lifted its holdings in LTC Properties by 78.1% during the fourth 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 in the last quarter. Principal Securities Inc. bought a new position in shares of LTC Properties in the fourth quarter worth approximately $58,000. Van ECK Associates Corp increased its stake in shares of LTC Properties by 19.7% in the fourth quarter. Van ECK Associates Corp now owns 5,748 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 945 shares in the last quarter. Finally, New York Life Investment Management LLC bought a new stake in shares of LTC Properties during the 4th quarter valued at $201,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.

LTC Properties Trading Down 0.6 %

Shares of LTC Properties stock opened at $36.43 on Friday. LTC Properties, Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $38.28. The company has a debt-to-equity ratio of 0.88, a quick ratio of 15.86 and a current ratio of 11.29. The company has a market capitalization of $1.58 billion, a P/E ratio of 18.97 and a beta of 0.89. The company has a fifty day moving average of $35.67 and a 200 day moving average of $33.80.

LTC Properties (NYSE:LTC) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.22). The business 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 business’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the company earned $0.66 EPS. On average, sell-side analysts anticipate that LTC Properties, Inc. will post 2.64 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be given a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend is Friday, September 20th. LTC Properties’s payout ratio is currently 118.75%.

Insider Transactions at LTC Properties

In related news, Director David L. Gruber bought 6,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $35.75 per share, with a total value of $214,500.00. Following the completion of the purchase, the director now owns 18,412 shares of the company’s stock, valued at approximately $658,229. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

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.