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

ORG Partners LLC decreased its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of LTC. Barclays PLC lifted its position in LTC Properties by 148.8% during the third quarter. Barclays PLC now owns 87,972 shares of the real estate investment trust’s stock valued at $3,228,000 after purchasing an additional 52,619 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of LTC Properties by 6.9% during the 3rd quarter. Principal Financial Group Inc. now owns 229,176 shares of the real estate investment trust’s stock valued at $8,408,000 after buying an additional 14,778 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of LTC Properties by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 754,512 shares of the real estate investment trust’s stock valued at $27,683,000 after acquiring an additional 30,422 shares during the period. Intech Investment Management LLC purchased a new stake in LTC Properties in the 3rd quarter worth approximately $679,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in LTC Properties by 312.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 332,173 shares of the real estate investment trust’s stock worth $12,187,000 after acquiring an additional 251,609 shares during the period. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at LTC Properties

In other news, insider Clint B. Malin sold 6,000 shares of the business’s 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 sale, the insider now directly owns 158,585 shares in the company, valued at $6,145,168.75. The trade was a 3.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David L. Gruber purchased 3,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of $37.16 per share, with a total value of $111,480.00. Following the acquisition, the director now owns 21,516 shares in the company, valued at $799,534.56. The trade was 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 Price Performance

Shares of NYSE:LTC opened at $33.55 on Friday. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 14.40 and a beta of 0.93. The firm has a fifty day moving average price of $36.87 and a 200 day moving average price of $36.37. 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 debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.60.

LTC Properties (NYSE:LTC) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.66 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $35.45 million. During the same period last year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, sell-side analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LTC. Wells Fargo & Company reissued an “equal weight” rating and issued a $37.00 price objective (up from $36.00) on shares of LTC Properties in a research note on Tuesday, October 1st. JMP Securities upgraded LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Tuesday. Citizens Jmp raised LTC Properties from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Wedbush reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of LTC Properties in a research note on Friday, September 20th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, LTC Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.75.

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.