22,504 Shares in LTC Properties, Inc. (NYSE:LTC) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in LTC Properties, Inc. (NYSE:LTC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,504 shares of the real estate investment trust's stock, valued at approximately $826,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. acquired a new stake in shares of LTC Properties in the third quarter worth about $36,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in LTC Properties by 35.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,687 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 437 shares during the last quarter. GAMMA Investing LLC boosted its position in LTC Properties by 25.4% during the third quarter. GAMMA Investing LLC now owns 1,805 shares of the real estate investment trust's stock worth $66,000 after purchasing an additional 366 shares during the period. FMR LLC boosted its position in LTC Properties by 132.7% during the third quarter. FMR LLC now owns 2,899 shares of the real estate investment trust's stock worth $106,000 after purchasing an additional 1,653 shares during the period. Finally, Community Trust & Investment Co. acquired a new position in LTC Properties during the third quarter valued at approximately $202,000. Institutional investors own 69.25% of the company's stock.

LTC Properties Stock Performance

Shares of LTC stock traded up $0.33 during trading hours on Friday, reaching $37.15. 235,416 shares of the company's stock were exchanged, compared to its average volume of 280,307. LTC Properties, Inc. has a fifty-two week low of $30.30 and a fifty-two week high of $39.89. The company has a quick ratio of 11.60, a current ratio of 11.60 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $1.68 billion, a P/E ratio of 15.94 and a beta of 0.91. The business has a fifty day moving average price of $37.46 and a 200-day moving average price of $36.29.

LTC Properties (NYSE:LTC - Get Free Report) last issued its quarterly earnings results 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 net margin of 48.77% and a return on equity of 10.49%. The company had revenue of $55.78 million during the quarter, compared to the consensus estimate of $35.45 million. During the same period last year, the company earned $0.65 earnings per share. LTC Properties's revenue for the quarter was up 13.1% on a year-over-year basis. Analysts predict that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $2.28 annualized dividend and a yield of 6.14%. LTC Properties's dividend payout ratio is 97.85%.

Analyst Ratings Changes

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

Insider Buying and Selling at LTC Properties

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

LTC Properties Profile

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.