Keybank National Association OH raised its holdings in shares of LTC Properties Inc (NYSE:LTC) by 14.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 28,500 shares of the real estate investment trust’s stock after acquiring an additional 3,600 shares during the period. Keybank National Association OH’s holdings in LTC Properties were worth $1,241,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in shares of LTC Properties by 12.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,037 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 231 shares during the period. Quantbot Technologies LP purchased a new stake in shares of LTC Properties during the third quarter worth about $139,000. Ameritas Investment Partners Inc. boosted its holdings in shares of LTC Properties by 6.1% during the second quarter. Ameritas Investment Partners Inc. now owns 3,456 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 200 shares during the period. Intrust Bank NA purchased a new stake in shares of LTC Properties during the third quarter worth about $232,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of LTC Properties during the third quarter worth about $251,000. Institutional investors and hedge funds own 78.42% of the company’s stock.
In related news, Director James Pieczynski purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was bought at an average cost of $43.60 per share, with a total value of $87,200.00. Following the completion of the purchase, the director now directly owns 17,974 shares in the company, valued at $783,666.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy Triche sold 2,720 shares of the stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $43.35, for a total transaction of $117,912.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,727 shares of company stock valued at $436,470. 1.50% of the stock is owned by insiders.
LTC has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of LTC Properties from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Thursday, January 11th. ValuEngine lowered shares of LTC Properties from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.71.
Shares of LTC Properties Inc (LTC) opened at $37.47 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 8.66 and a current ratio of 8.66. The firm has a market cap of $1,496.17, a PE ratio of 12.16, a PEG ratio of 3.03 and a beta of 0.07. LTC Properties Inc has a 1-year low of $36.93 and a 1-year high of $52.85.
The business also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date is Friday, February 16th. LTC Properties’s payout ratio is currently 102.24%.
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LTC Properties Company Profile
LTC Properties Inc is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. It invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC).
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