Exchange Traded Concepts LLC Buys 25,730 Shares of LTC Properties, Inc. (NYSE:LTC)

Exchange Traded Concepts LLC increased its position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 124.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,443 shares of the real estate investment trust's stock after acquiring an additional 25,730 shares during the period. Exchange Traded Concepts LLC owned about 0.11% of LTC Properties worth $1,704,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in LTC Properties by 91.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,439 shares of the real estate investment trust's stock worth $50,000 after buying an additional 687 shares during the period. Walleye Trading LLC acquired a new stake in LTC Properties in the first quarter valued at $209,000. Van ECK Associates Corp lifted its holdings in LTC Properties by 11.7% during the 2nd quarter. Van ECK Associates Corp now owns 6,571 shares of the real estate investment trust's stock worth $227,000 after buying an additional 689 shares during the period. Sheaff Brock Investment Advisors LLC acquired a new position in LTC Properties during the 1st quarter worth about $232,000. Finally, Strategic Financial Concepts LLC grew its position in shares of LTC Properties by 3,401.1% in the 2nd quarter. Strategic Financial Concepts LLC now owns 673,369 shares of the real estate investment trust's stock valued at $232,000 after buying an additional 654,136 shares during the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other LTC Properties news, Director David L. Gruber purchased 6,000 shares of the firm's stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $35.75 per share, for a total transaction of $214,500.00. Following the purchase, the director now owns 18,412 shares of the company's stock, valued at $658,229. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director David L. Gruber bought 6,000 shares of the company's stock in a transaction dated Friday, August 2nd. The shares were bought at an average price of $35.75 per share, for a total transaction of $214,500.00. Following the completion of the acquisition, the director now directly owns 18,412 shares of the company's stock, valued at $658,229. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Timothy Triche sold 5,000 shares of LTC Properties stock in a transaction on Friday, August 30th. The stock was sold at an average price of $36.45, for a total transaction of $182,250.00. Following the transaction, 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. Corporate insiders own 2.00% of the company's stock.

LTC Properties Trading Up 1.8 %

Shares of LTC Properties stock traded up $0.65 on Wednesday, reaching $36.49. 216,462 shares of the company's stock were exchanged, compared to its average volume of 281,177. The firm's 50-day moving average is $36.33 and its two-hundred day moving average is $34.88. The company has a market capitalization of $1.59 billion, a P/E ratio of 18.67 and a beta of 0.91. The company has a debt-to-equity ratio of 0.88, a quick ratio of 11.29 and a current ratio of 11.29. LTC Properties, Inc. has a 52 week low of $30.30 and a 52 week high of $38.28.

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

LTC Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.28 dividend on an annualized basis and a yield of 6.25%. LTC Properties's dividend payout ratio (DPR) is presently 118.75%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wedbush reaffirmed an "outperform" rating and issued a $40.00 price objective on shares of LTC Properties in a research note on Friday, September 20th. Wells Fargo & Company reiterated an "equal weight" rating and set a $37.00 price objective (up from $36.00) on shares of LTC Properties in a research report on Tuesday, October 1st.

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.