LTC Properties, Inc. (NYSE:LTC) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. cut its stake in LTC Properties, Inc. (NYSE:LTC) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,582 shares of the real estate investment trust’s stock after selling 546 shares during the period. Daiwa Securities Group Inc.’s holdings in LTC Properties were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LTC. Private Trust Co. NA boosted its stake in LTC Properties by 69.2% in the 4th quarter. Private Trust Co. NA now owns 1,252 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 512 shares in the last quarter. Quantbot Technologies LP acquired a new stake in LTC Properties in the 3rd quarter worth approximately $51,000. Versor Investments LP acquired a new stake in LTC Properties in the 3rd quarter worth approximately $260,000. abrdn plc boosted its stake in LTC Properties by 4.7% in the 3rd quarter. abrdn plc now owns 8,295 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 369 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in LTC Properties in the 4th quarter worth approximately $270,000. 69.25% of the stock is currently owned by institutional investors and hedge funds.

LTC Properties Stock Performance

Shares of NYSE LTC opened at $32.57 on Friday. The company has a current ratio of 13.29, a quick ratio of 13.29 and a debt-to-equity ratio of 0.97. LTC Properties, Inc. has a 12 month low of $30.30 and a 12 month high of $35.72. The company has a 50 day simple moving average of $32.00 and a two-hundred day simple moving average of $32.10. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 15.08 and a beta of 0.87.

LTC Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be paid a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 7.00%. The ex-dividend date of this dividend is Thursday, June 20th. LTC Properties’s dividend payout ratio is currently 105.56%.

Insider Activity at LTC Properties

In related news, Director Timothy Triche sold 3,082 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $31.67, for a total value of $97,606.94. Following the completion of the transaction, the director now directly owns 36,343 shares in the company, valued at approximately $1,150,982.81. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of LTC Properties in a research note on Tuesday, January 30th. They set a “hold” rating and a $34.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $33.86.

LTC Properties 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's investment portfolio includes 201 properties in 26 states with 29 operating partners.