Caxton Associates LP Acquires New Position in LTC Properties, Inc. (NYSE:LTC)

Caxton Associates LP acquired a new stake in shares of LTC Properties, Inc. (NYSE:LTC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,340 shares of the real estate investment trust’s stock, valued at approximately $357,000.

Other institutional investors also recently bought and sold shares of the company. Waterloo Capital L.P. purchased a new stake in LTC Properties during the 4th quarter valued at about $1,519,000. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in LTC Properties by 180.4% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 47,034 shares of the real estate investment trust’s stock valued at $1,623,000 after purchasing an additional 30,258 shares during the last quarter. Cetera Advisors LLC purchased a new stake in LTC Properties during the 1st quarter valued at about $276,000. Strategic Financial Concepts LLC grew its position in LTC Properties by 3,401.1% during the 2nd quarter. Strategic Financial Concepts LLC now owns 673,369 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 654,136 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in LTC Properties during the 2nd quarter valued at about $550,000. 69.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wedbush restated an “outperform” rating and set a $40.00 target price on shares of LTC Properties in a research note on Friday, September 20th.

Insider Transactions at LTC Properties

In other news, Director Timothy Triche sold 5,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $36.45, for a total value of $182,250.00. Following the transaction, the director now owns 34,522 shares in the company, valued at approximately $1,258,326.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director David L. Gruber acquired 6,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $35.75 per share, for a total transaction of $214,500.00. Following the transaction, the director now directly owns 18,412 shares of the company’s stock, valued at $658,229. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Timothy Triche sold 5,000 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $36.45, for a total transaction of $182,250.00. Following the sale, the director now owns 34,522 shares in the company, valued at $1,258,326.90. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

LTC Properties Price Performance

LTC opened at $36.63 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 11.29 and a current ratio of 11.29. The stock has a market capitalization of $1.59 billion, a P/E ratio of 19.08 and a beta of 0.91. The company’s 50-day simple moving average is $36.51 and its two-hundred day simple moving average is $34.55. LTC Properties, Inc. has a 52-week low of $30.30 and a 52-week high of $38.28.

LTC Properties (NYSE:LTC) last posted its earnings results 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). LTC Properties had a net margin of 46.78% and a return on equity of 10.22%. The company had revenue of $50.12 million for the quarter, compared to the consensus estimate of $33.47 million. During the same quarter in the prior year, the company posted $0.66 EPS. LTC Properties’s revenue was up 3.9% on a year-over-year basis. As a group, analysts predict that LTC Properties, Inc. will post 2.69 EPS for the current year.

LTC Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.22%. The ex-dividend date is Friday, September 20th. LTC Properties’s dividend payout ratio (DPR) is presently 118.75%.

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.