Jane Street Group LLC Increases Stake in LTC Properties, Inc. (NYSE:LTC)

Jane Street Group LLC lifted its position in LTC Properties, Inc. (NYSE:LTC - Free Report) by 78.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,398 shares of the real estate investment trust's stock after acquiring an additional 37,049 shares during the period. Jane Street Group LLC owned 0.19% of LTC Properties worth $3,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of LTC Properties by 6.9% in the third quarter. Principal Financial Group Inc. now owns 229,176 shares of the real estate investment trust's stock valued at $8,408,000 after purchasing an additional 14,778 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in LTC Properties by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 754,512 shares of the real estate investment trust's stock worth $27,683,000 after buying an additional 30,422 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in LTC Properties by 180.4% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 47,034 shares of the real estate investment trust's stock worth $1,623,000 after buying an additional 30,258 shares during the last quarter. Intech Investment Management LLC acquired a new stake in LTC Properties during the 3rd quarter valued at approximately $679,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of LTC Properties by 312.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 332,173 shares of the real estate investment trust's stock valued at $12,187,000 after acquiring an additional 251,609 shares during the last quarter. Hedge funds and other institutional investors own 69.25% of the company's stock.

Insider Buying and Selling at LTC Properties

In related news, Director David L. Gruber acquired 3,000 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of $37.16 per share, with a total value of $111,480.00. Following the completion of the acquisition, the director now directly owns 21,516 shares in the company, valued at approximately $799,534.56. This trade represents a 16.20 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Clint B. Malin sold 6,000 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $38.75, for a total transaction of $232,500.00. Following the sale, the insider now directly owns 158,585 shares of the company's stock, valued at $6,145,168.75. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LTC. 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 issued a $37.00 price objective (up previously from $36.00) on shares of LTC Properties in a report on Tuesday, October 1st.

LTC Properties Stock Performance

Shares of LTC traded up $0.27 during trading hours on Friday, hitting $35.08. The stock had a trading volume of 1,362,376 shares, compared to its average volume of 286,580. The firm has a 50-day moving average price of $37.46 and a 200 day moving average price of $36.34. LTC Properties, Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $39.89. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 15.06 and a beta of 0.91. The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.60.

LTC Properties (NYSE:LTC - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.05). LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The firm had revenue of $55.78 million during the quarter, compared to analyst estimates of $35.45 million. During the same quarter last year, the company posted $0.65 EPS. The company's revenue was up 13.1% on a year-over-year basis. As a group, research analysts anticipate that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a dividend of $0.19 per share. The ex-dividend date is Monday, December 23rd. This represents a $2.28 dividend on an annualized basis and a yield of 6.50%. LTC Properties's dividend payout ratio is currently 97.85%.

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.