ORG Partners LLC Sells 459 Shares of LTC Properties, Inc. (NYSE:LTC)

ORG Partners LLC decreased its position in shares of LTC Properties, Inc. (NYSE:LTC) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,792 shares of the real estate investment trust’s stock after selling 459 shares during the period. ORG Partners LLC’s holdings in LTC Properties were worth $511,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of LTC Properties by 25.4% during the 3rd 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. Amalgamated Bank boosted its position in shares of LTC Properties by 2.9% during the second quarter. Amalgamated Bank now owns 13,068 shares of the real estate investment trust’s stock valued at $451,000 after buying an additional 372 shares during the period. New York State Teachers Retirement System grew its stake in shares of LTC Properties by 0.5% during the third quarter. New York State Teachers Retirement System now owns 76,354 shares of the real estate investment trust’s stock valued at $2,801,000 after buying an additional 375 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of LTC Properties by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,687 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 437 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of LTC Properties by 3.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 12,178 shares of the real estate investment trust’s stock worth $420,000 after acquiring an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 69.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wedbush reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of LTC Properties in a research report on Friday, September 20th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $37.00 price target (up previously from $36.00) on shares of LTC Properties in a research note on Tuesday, October 1st. Citizens Jmp upgraded LTC Properties from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, JMP Securities upgraded LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, LTC Properties has an average rating of “Moderate Buy” and a consensus target price of $37.75.

LTC Properties Trading Down 2.0 %

LTC opened at $33.55 on Friday. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 14.40 and a beta of 0.93. LTC Properties, Inc. has a 12 month low of $30.30 and a 12 month high of $39.89. The stock has a fifty day moving average price of $36.87 and a 200-day moving average price of $36.37.

LTC Properties (NYSE:LTC) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The firm had revenue of $55.78 million during the quarter, compared to the consensus estimate of $35.45 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, equities research analysts anticipate that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be given a dividend of $0.19 per share. The ex-dividend date is Friday, March 21st. This represents a $2.28 dividend on an annualized basis and a yield of 6.80%. LTC Properties’s payout ratio is 97.85%.

Insider Buying and Selling at LTC Properties

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

LTC Properties Profile

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.