LTC Properties, Inc. (NYSE:LTC) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in LTC Properties, Inc. (NYSE:LTC) by 1.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 15,360 shares of the real estate investment trust’s stock after selling 298 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in LTC Properties were worth $530,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of LTC. GAMMA Investing LLC bought a new stake in LTC Properties in the fourth quarter worth about $28,000. Van ECK Associates Corp raised its position in LTC Properties by 19.7% in the fourth quarter. Van ECK Associates Corp now owns 5,748 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 945 shares in the last quarter. Victory Capital Management Inc. raised its position in LTC Properties by 32.9% in the fourth quarter. Victory Capital Management Inc. now owns 11,361 shares of the real estate investment trust’s stock worth $365,000 after acquiring an additional 2,814 shares in the last quarter. New York Life Investment Management LLC bought a new stake in LTC Properties in the fourth quarter worth about $201,000. Finally, Private Advisor Group LLC bought a new stake in LTC Properties in the fourth quarter worth about $245,000. Institutional investors and hedge funds own 69.25% of the company’s stock.

LTC Properties Price Performance

Shares of LTC Properties stock opened at $36.73 on Monday. The company has a current ratio of 11.29, a quick ratio of 11.29 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average price is $35.73 and its two-hundred day moving average price is $33.88. LTC Properties, Inc. has a 52 week low of $30.30 and a 52 week high of $38.28. The stock has a market cap of $1.60 billion, a PE ratio of 19.13 and a beta of 0.89.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.22). The company had revenue of $50.12 million for the quarter, compared to analyst estimates of $33.47 million. LTC Properties had a return on equity of 10.22% and a net margin of 46.78%. LTC Properties’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. As a group, sell-side analysts anticipate that LTC Properties, Inc. will post 2.69 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.19 per share. The ex-dividend date is Friday, September 20th. This represents a $2.28 annualized dividend and a yield of 6.21%. LTC Properties’s payout ratio is presently 118.75%.

Insiders Place Their Bets

In related news, Director David L. Gruber acquired 6,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $35.75 per share, for a total transaction of $214,500.00. Following the acquisition, the director now owns 18,412 shares in the company, valued at $658,229. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

LTC Properties Company 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.