LTC Properties Inc (NYSE:LTC) Director James Pieczynski purchased 2,000 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were bought at an average cost of $43.60 per share, for a total transaction of $87,200.00. Following the completion of the purchase, the director now owns 17,974 shares in the company, valued at $783,666.40. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

LTC Properties Inc (NYSE:LTC) traded down $0.15 during trading hours on Thursday, hitting $43.58. 171,400 shares of the stock were exchanged, compared to its average volume of 185,100. The company has a debt-to-equity ratio of 0.84, a quick ratio of 8.66 and a current ratio of 8.66. LTC Properties Inc has a fifty-two week low of $43.21 and a fifty-two week high of $52.85. The firm has a market cap of $1,720.00, a PE ratio of 19.63, a PEG ratio of 3.49 and a beta of 0.18.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.26. The firm had revenue of $41.25 million for the quarter, compared to analysts’ expectations of $32.91 million. LTC Properties had a net margin of 52.18% and a return on equity of 11.69%. During the same period in the prior year, the company earned $0.57 EPS. analysts forecast that LTC Properties Inc will post 3.08 EPS for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.28 dividend on an annualized basis and a yield of 5.23%. LTC Properties’s payout ratio is 102.70%.

A number of research firms have recently weighed in on LTC. Zacks Investment Research raised shares of LTC Properties from a “sell” rating to a “hold” rating in a research note on Thursday, September 14th. ValuEngine cut shares of LTC Properties from a “buy” rating to a “hold” rating in a research note on Sunday. KeyCorp reaffirmed a “hold” rating on shares of LTC Properties in a research note on Tuesday, October 17th. Capital One Financial began coverage on shares of LTC Properties in a research note on Monday, September 25th. They set an “overweight” rating and a $50.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $48.00 price target on shares of LTC Properties in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. LTC Properties has a consensus rating of “Hold” and an average target price of $50.17.

A number of hedge funds and other institutional investors have recently modified their holdings of LTC. Uniplan Investment Counsel Inc. grew its stake in LTC Properties by 89.0% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 1,324,700 shares of the real estate investment trust’s stock valued at $36,538,000 after acquiring an additional 623,870 shares during the last quarter. Koch Industries Inc. acquired a new stake in LTC Properties in the 2nd quarter valued at about $362,000. Janus Henderson Group PLC acquired a new stake in LTC Properties in the 2nd quarter valued at about $8,975,000. Crossmark Global Holdings Inc. acquired a new stake in LTC Properties in the 3rd quarter valued at about $5,262,000. Finally, Victory Capital Management Inc. grew its stake in LTC Properties by 7.7% in the 3rd quarter. Victory Capital Management Inc. now owns 1,061,481 shares of the real estate investment trust’s stock valued at $49,869,000 after acquiring an additional 76,325 shares during the last quarter. 77.52% of the stock is currently owned by hedge funds and other institutional investors.

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LTC Properties Company Profile

LTC Properties Inc is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. It invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC).

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