SG Americas Securities LLC Has $839,000 Stock Position in LTC Properties, Inc. (NYSE:LTC)

SG Americas Securities LLC grew its stake in shares of LTC Properties, Inc. (NYSE:LTC) by 83.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,874 shares of the real estate investment trust’s stock after purchasing an additional 10,377 shares during the quarter. SG Americas Securities LLC owned about 0.05% of LTC Properties worth $839,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LTC. Mirae Asset Global Investments Co. Ltd. increased its position in shares of LTC Properties by 3.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 294,173 shares of the real estate investment trust’s stock worth $9,877,000 after purchasing an additional 9,221 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of LTC Properties by 9.8% during the 1st quarter. BNP Paribas Financial Markets now owns 20,589 shares of the real estate investment trust’s stock worth $669,000 after acquiring an additional 1,843 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of LTC Properties by 7.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 13,469 shares of the real estate investment trust’s stock worth $438,000 after acquiring an additional 887 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of LTC Properties by 70.8% during the 1st quarter. GSA Capital Partners LLP now owns 16,510 shares of the real estate investment trust’s stock worth $537,000 after acquiring an additional 6,846 shares during the last quarter. Finally, Texas Permanent School Fund Corp increased its holdings in shares of LTC Properties by 1.3% during the 1st 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 last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

LTC Properties Stock Performance

LTC opened at $35.58 on Friday. The business has a fifty day simple moving average of $36.33 and a 200 day simple moving average of $34.81. The company has a market capitalization of $1.55 billion, a PE ratio of 18.53 and a beta of 0.91. LTC Properties, Inc. has a 1 year low of $30.30 and a 1 year high of $38.28. The company has a debt-to-equity ratio of 0.88, a current ratio of 11.29 and a quick ratio of 11.29.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.22). The firm had revenue of $50.12 million during the quarter, compared to the consensus estimate of $33.47 million. LTC Properties had a net margin of 46.78% and a return on equity of 10.22%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. Research analysts expect that LTC Properties, Inc. will post 2.69 EPS for the current year.

LTC Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a $0.19 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.28 annualized dividend and a yield of 6.41%. LTC Properties’s dividend payout ratio (DPR) is presently 118.75%.

Analyst Ratings Changes

LTC has been the topic of a number of recent analyst reports. Wedbush reissued an “outperform” rating and set a $40.00 target price on shares of LTC Properties in a report on Friday, September 20th. Wells Fargo & Company reissued an “equal weight” rating and set a $37.00 target price (up from $36.00) on shares of LTC Properties in a report on Tuesday, October 1st.

Insider Activity at LTC Properties

In other news, Director Timothy Triche sold 5,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $36.45, for a total transaction of $182,250.00. Following the completion of the sale, the director now directly owns 34,522 shares in the company, valued at approximately $1,258,326.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Timothy Triche sold 5,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $36.45, for a total transaction of $182,250.00. Following the sale, the director now directly owns 34,522 shares of the company’s stock, valued at approximately $1,258,326.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David L. Gruber bought 6,000 shares of LTC Properties stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $35.75 per share, for a total transaction of $214,500.00. Following the completion of the acquisition, the director now owns 18,412 shares in the company, valued at $658,229. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by corporate insiders.

LTC Properties Company Profile

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.