LTC Properties, Inc. (NYSE:LTC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $32.65 and traded as high as $34.57. LTC Properties shares last traded at $34.50, with a volume of 791,203 shares changing hands.
LTC Properties Price Performance
The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 17.97 and a beta of 0.89. The company's 50 day moving average is $33.82 and its 200-day moving average is $32.64. The company has a current ratio of 15.86, a quick ratio of 15.86 and a debt-to-equity ratio of 0.94.
LTC Properties Announces Dividend
The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 20th were paid a $0.19 dividend. The ex-dividend date was Thursday, June 20th. This represents a $2.28 annualized dividend and a yield of 6.61%. LTC Properties's dividend payout ratio (DPR) is currently 118.75%.
Insider Buying and Selling at LTC Properties
In other LTC Properties news, Director Timothy Triche sold 3,082 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $31.67, for a total value of $97,606.94. Following the transaction, the director now directly owns 36,343 shares of the company's stock, valued at approximately $1,150,982.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.00% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of LTC Properties during the fourth quarter worth approximately $8,609,000. abrdn plc increased its holdings in shares of LTC Properties by 2,190.3% during the fourth quarter. abrdn plc now owns 189,978 shares of the real estate investment trust's stock worth $6,102,000 after purchasing an additional 181,683 shares during the period. Vanguard Group Inc. increased its holdings in shares of LTC Properties by 1.4% during the first quarter. Vanguard Group Inc. now owns 6,695,390 shares of the real estate investment trust's stock worth $217,667,000 after purchasing an additional 91,963 shares during the period. Waterloo Capital L.P. bought a new position in LTC Properties in the fourth quarter valued at approximately $1,519,000. Finally, Charles Schwab Investment Management Inc. increased its stake in LTC Properties by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 669,340 shares of the real estate investment trust's stock valued at $21,499,000 after acquiring an additional 24,322 shares during the last quarter. 69.25% of the stock is owned by institutional investors.
LTC Properties Company Profile
(
Get Free Report)
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.
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