Insider Selling: LTC Properties Inc (NYSE:LTC) Director Sells 2,800 Shares of Stock

Share on StockTwits

LTC Properties Inc (NYSE:LTC) Director Timothy Triche sold 2,800 shares of the business’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $46.15, for a total value of $129,220.00. Following the completion of the transaction, the director now directly owns 36,362 shares of the company’s stock, valued at $1,678,106.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

LTC stock traded up $0.65 on Wednesday, hitting $47.00. 254,100 shares of the company’s stock were exchanged, compared to its average volume of 192,325. LTC Properties Inc has a 12-month low of $40.11 and a 12-month high of $48.13. The company has a debt-to-equity ratio of 0.86, a current ratio of 10.41 and a quick ratio of 10.41. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 3.85 and a beta of 0.45.

LTC Properties (NYSE:LTC) last announced its earnings results on Thursday, May 9th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.23). LTC Properties had a return on equity of 19.07% and a net margin of 95.25%. The business had revenue of $28.02 million for the quarter, compared to analysts’ expectations of $33.02 million. As a group, equities research analysts anticipate that LTC Properties Inc will post 3.03 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, June 19th. This represents a $2.28 annualized dividend and a yield of 4.85%. LTC Properties’s dividend payout ratio (DPR) is 74.51%.

LTC has been the topic of several research analyst reports. ValuEngine downgraded LTC Properties from a “buy” rating to a “hold” rating in a research note on Monday, February 25th. Zacks Investment Research downgraded LTC Properties from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $44.40.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in LTC Properties by 0.7% during the 1st quarter. BlackRock Inc. now owns 6,947,378 shares of the real estate investment trust’s stock valued at $318,191,000 after purchasing an additional 47,476 shares during the last quarter. Northern Trust Corp grew its stake in LTC Properties by 31.5% during the 4th quarter. Northern Trust Corp now owns 936,253 shares of the real estate investment trust’s stock valued at $39,024,000 after purchasing an additional 224,162 shares during the last quarter. Geode Capital Management LLC grew its stake in LTC Properties by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 531,273 shares of the real estate investment trust’s stock valued at $22,143,000 after purchasing an additional 31,098 shares during the last quarter. Norges Bank purchased a new stake in LTC Properties during the 4th quarter valued at about $21,421,000. Finally, Tributary Capital Management LLC grew its stake in LTC Properties by 14.0% during the 1st quarter. Tributary Capital Management LLC now owns 446,616 shares of the real estate investment trust’s stock valued at $20,455,000 after purchasing an additional 54,821 shares during the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: LTC Properties Inc (NYSE:LTC) Director Sells 2,800 Shares of Stock” was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/4380007/insider-selling-ltc-properties-inc-nyseltc-director-sells-2800-shares-of-stock.html.

LTC Properties Company 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 holds more than 200 investments in 28 states with 30 operating partners.

Recommended Story: What is a Swap?

Receive News & Ratings for LTC Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LTC Properties and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

MKM Partners Lowers ADTRAN  Price Target to $17.00
MKM Partners Lowers ADTRAN Price Target to $17.00
Apple  PT Raised to $180.00 at Nomura
Apple PT Raised to $180.00 at Nomura
Advaxis  Lowered to “Hold” at ValuEngine
Advaxis Lowered to “Hold” at ValuEngine
Zacks Investment Research Upgrades Atlas Air Worldwide  to “Hold”
Zacks Investment Research Upgrades Atlas Air Worldwide to “Hold”
Apple  Raised to “Outperform” at Raymond James
Apple Raised to “Outperform” at Raymond James
Zacks Investment Research Lowers Agilysys  to Hold
Zacks Investment Research Lowers Agilysys to Hold


© 2006-2019 Ticker Report