ORG Partners LLC Invests $559,000 in LTC Properties, Inc. (NYSE:LTC)

ORG Partners LLC purchased a new stake in LTC Properties, Inc. (NYSE:LTC - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,251 shares of the real estate investment trust's stock, valued at approximately $559,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of LTC Properties by 180.4% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 47,034 shares of the real estate investment trust's stock valued at $1,623,000 after purchasing an additional 30,258 shares in the last quarter. Cetera Advisors LLC acquired a new stake in LTC Properties during the 1st quarter worth $276,000. Strategic Financial Concepts LLC grew its holdings in LTC Properties by 3,401.1% during the 2nd quarter. Strategic Financial Concepts LLC now owns 673,369 shares of the real estate investment trust's stock worth $232,000 after acquiring an additional 654,136 shares during the period. MQS Management LLC acquired a new stake in LTC Properties during the 2nd quarter worth $550,000. Finally, SG Americas Securities LLC grew its holdings in LTC Properties by 83.0% during the 3rd quarter. SG Americas Securities LLC now owns 22,874 shares of the real estate investment trust's stock worth $839,000 after acquiring an additional 10,377 shares during the period. Institutional investors and hedge funds own 69.25% of the company's stock.

LTC Properties Trading Up 0.6 %

Shares of LTC stock traded up $0.23 on Tuesday, hitting $35.84. The stock had a trading volume of 191,117 shares, compared to its average volume of 281,501. LTC Properties, Inc. has a twelve month low of $30.30 and a twelve month high of $38.28. The firm has a market cap of $1.56 billion, a P/E ratio of 18.70 and a beta of 0.91. The company has a current ratio of 11.29, a quick ratio of 11.29 and a debt-to-equity ratio of 0.88. The company has a fifty day moving average price of $36.33 and a two-hundred day moving average price of $34.85.

LTC Properties (NYSE:LTC - Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.22). LTC Properties had a net margin of 46.78% and a return on equity of 10.22%. The firm had revenue of $50.12 million during the quarter, compared to analyst estimates of $33.47 million. During the same period last year, the firm earned $0.66 EPS. LTC Properties's quarterly revenue was up 3.9% on a year-over-year basis. As a group, analysts forecast that LTC Properties, Inc. will post 2.69 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.36%. The ex-dividend date is Thursday, November 21st. LTC Properties's dividend payout ratio (DPR) is 118.75%.

Insider Activity

In related news, Director David L. Gruber acquired 6,000 shares of the business's stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $35.75 per share, with a total value of $214,500.00. Following the transaction, the director now owns 18,412 shares of the company's stock, valued at $658,229. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director David L. Gruber acquired 6,000 shares of the business's stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $35.75 per share, with a total value of $214,500.00. Following the transaction, the director now owns 18,412 shares of the company's stock, valued at $658,229. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy Triche sold 5,000 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $36.45, for a total transaction of $182,250.00. Following the completion of the sale, the director now directly owns 34,522 shares in the company, valued at $1,258,326.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LTC has been the subject of a number of analyst reports. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $37.00 target price (up previously from $36.00) on shares of LTC Properties in a report on Tuesday, October 1st. Wedbush reaffirmed an "outperform" rating and set a $40.00 target price on shares of LTC Properties in a report on Friday, September 20th.

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.