LTC Properties (NYSE:LTC – Get Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, February 15th. Analysts expect LTC Properties to post earnings of $0.68 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
LTC Properties Price Performance
Shares of NYSE LTC opened at $31.22 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 12.15 and a current ratio of 12.15. LTC Properties has a fifty-two week low of $30.30 and a fifty-two week high of $38.10. The firm has a market capitalization of $1.29 billion, a PE ratio of 16.18 and a beta of 0.87. The stock’s 50-day simple moving average is $32.23 and its 200-day simple moving average is $32.28.
LTC Properties Announces Dividend
The company also recently declared a dividend, which was paid on Wednesday, January 31st. Shareholders of record on Tuesday, January 23rd were given a dividend of $0.19 per share. This represents a yield of 7.11%. The ex-dividend date of this dividend was Monday, January 22nd. LTC Properties’s dividend payout ratio (DPR) is 118.13%.
Analysts Set New Price Targets
In related news, Director Boyd W. Hendrickson sold 7,500 shares of LTC Properties stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $32.68, for a total value of $245,100.00. Following the sale, the director now directly owns 21,816 shares in the company, valued at $712,946.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.00% of the company’s stock.
Institutional Trading of LTC Properties
Institutional investors have recently bought and sold shares of the company. State Street Corp increased its stake in LTC Properties by 27.2% in the first quarter. State Street Corp now owns 3,533,890 shares of the real estate investment trust’s stock valued at $135,949,000 after purchasing an additional 755,055 shares during the last quarter. Norges Bank acquired a new position in LTC Properties in the fourth quarter valued at $14,137,000. Wellington Management Group LLP acquired a new position in LTC Properties in the first quarter valued at $10,505,000. Weiss Multi Strategy Advisers LLC acquired a new position in LTC Properties in the first quarter valued at $9,948,000. Finally, Envestnet Asset Management Inc. increased its stake in LTC Properties by 1,438.1% in the first quarter. Envestnet Asset Management Inc. now owns 219,251 shares of the real estate investment trust’s stock valued at $447,000 after purchasing an additional 204,996 shares during the last quarter. 70.28% of the stock is currently owned by hedge funds and other institutional investors.
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 208 properties in 27 states with 29 operating partners.
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