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.
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.
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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.
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