Denali Advisors LLC Sells 27,100 Shares of LTC Properties, Inc. (NYSE:LTC)

Denali Advisors LLC cut its stake in LTC Properties, Inc. (NYSE:LTC) by 45.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,100 shares of the real estate investment trust’s stock after selling 27,100 shares during the period. Denali Advisors LLC owned about 0.07% of LTC Properties worth $1,109,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of LTC Properties by 148.8% during the third quarter. Barclays PLC now owns 87,972 shares of the real estate investment trust’s stock worth $3,228,000 after acquiring an additional 52,619 shares during the period. JPMorgan Chase & Co. grew its stake in LTC Properties by 80.4% in the third quarter. JPMorgan Chase & Co. now owns 253,807 shares of the real estate investment trust’s stock worth $9,312,000 after purchasing an additional 113,100 shares in the last quarter. Principal Financial Group Inc. increased its holdings in 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 worth $8,408,000 after purchasing an additional 14,778 shares during the period. Charles Schwab Investment Management Inc. raised its position in 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 purchasing an additional 30,422 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of LTC Properties in the 3rd quarter worth $679,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.

LTC Properties Trading Up 0.3 %

LTC opened at $34.72 on Thursday. 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 $1.57 billion, a price-to-earnings ratio of 14.90 and a beta of 0.93. LTC Properties, Inc. has a 12 month low of $31.14 and a 12 month high of $39.89. The stock has a fifty day moving average price of $34.43 and a 200-day moving average price of $36.10.

LTC Properties (NYSE:LTC) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The business had revenue of $34.81 million during the quarter, compared to the consensus estimate of $45.25 million. 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 Announces Dividend

The company also recently declared a jan 25 dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be issued a $0.19 dividend. This represents a yield of 6.45%. The ex-dividend date of this dividend is Friday, March 21st. LTC Properties’s dividend payout ratio is currently 111.22%.

Insider Transactions at LTC Properties

In other LTC Properties news, Director David L. Gruber acquired 3,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average price of $37.16 per share, with a total value of $111,480.00. Following the transaction, the director now directly owns 21,516 shares of the company’s stock, valued at $799,534.56. This trade represents a 16.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JMP Securities upgraded LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a report on Tuesday, January 7th. Citizens Jmp upgraded shares of LTC Properties from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th.

About LTC Properties

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.