Insider Buying: LTC Properties Inc (LTC) Director Acquires 2,000 Shares of Stock

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

LTC Properties Inc (LTC) traded down $0.15 during trading on Wednesday, reaching $43.58. The company had a trading volume of 171,447 shares, compared to its average volume of 185,100. The firm has a market capitalization of $1,720.00, a price-to-earnings ratio of 19.63, a P/E/G ratio of 3.47 and a beta of 0.18. LTC Properties Inc has a 52-week low of $43.21 and a 52-week high of $52.85. The company has a debt-to-equity ratio of 0.84, a current ratio of 8.66 and a quick ratio of 8.66.

LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.76 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.26. The company had revenue of $41.25 million during the quarter, compared to analyst estimates of $32.91 million. LTC Properties had a return on equity of 11.69% and a net margin of 52.18%. During the same period in the prior year, the firm posted $0.57 earnings per share. equities research analysts forecast that LTC Properties Inc will post 3.08 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, February 16th. This represents a $2.28 annualized dividend and a yield of 5.23%. LTC Properties’s dividend payout ratio is presently 102.70%.

A number of equities analysts have recently weighed in on LTC shares. Zacks Investment Research raised LTC Properties from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. BMO Capital Markets reissued a “sell” rating and issued a $44.00 price target on shares of LTC Properties in a report on Wednesday, October 18th. ValuEngine lowered LTC Properties from a “buy” rating to a “hold” rating in a research note on Sunday. KeyCorp reiterated a “hold” rating on shares of LTC Properties in a research note on Sunday, September 17th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $48.00 target price on shares of LTC Properties in a research note on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. LTC Properties presently has an average rating of “Hold” and a consensus price target of $50.17.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in LTC Properties by 1.1% during the second quarter. Vanguard Group Inc. now owns 6,477,456 shares of the real estate investment trust’s stock worth $332,876,000 after acquiring an additional 67,988 shares during the last quarter. State Street Corp increased its stake in LTC Properties by 2.0% during the second quarter. State Street Corp now owns 1,509,897 shares of the real estate investment trust’s stock worth $77,593,000 after acquiring an additional 29,620 shares during the last quarter. Northern Trust Corp increased its stake in LTC Properties by 3.2% during the second quarter. Northern Trust Corp now owns 1,471,619 shares of the real estate investment trust’s stock worth $75,627,000 after acquiring an additional 45,234 shares during the last quarter. Uniplan Investment Counsel Inc. increased its stake in LTC Properties by 89.0% during the second quarter. Uniplan Investment Counsel Inc. now owns 1,324,700 shares of the real estate investment trust’s stock worth $36,538,000 after acquiring an additional 623,870 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in LTC Properties by 7.7% during the third quarter. Victory Capital Management Inc. now owns 1,061,481 shares of the real estate investment trust’s stock worth $49,869,000 after acquiring an additional 76,325 shares during the last quarter. Institutional investors own 77.52% of the company’s stock.

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About LTC Properties

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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