Rhumbline Advisers Has $4.93 Million Holdings in LTC Properties, Inc. (NYSE:LTC)

Rhumbline Advisers increased its position in shares of LTC Properties, Inc. (NYSE:LTC) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 142,896 shares of the real estate investment trust’s stock after acquiring an additional 4,516 shares during the period. Rhumbline Advisers owned about 0.33% of LTC Properties worth $4,930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in LTC. Norges Bank acquired a new stake in shares of LTC Properties during the 4th quarter worth approximately $8,609,000. Vanguard Group Inc. boosted its position in shares of LTC Properties by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,695,390 shares of the real estate investment trust’s stock worth $217,667,000 after acquiring an additional 91,963 shares in the last quarter. Waterloo Capital L.P. acquired a new stake in shares of LTC Properties during the 4th quarter worth approximately $1,519,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of 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 worth $1,623,000 after acquiring an additional 30,258 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of LTC Properties by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 669,340 shares of the real estate investment trust’s stock worth $21,499,000 after acquiring an additional 24,322 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

Insider Activity

In other news, 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 completion of the transaction, the director now owns 34,522 shares of the company’s stock, valued at $1,258,326.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, 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 completion of the transaction, the director now owns 34,522 shares of the company’s stock, valued at $1,258,326.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David L. Gruber bought 6,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $35.75 per share, with a total value of $214,500.00. Following the purchase, the director now directly owns 18,412 shares of the company’s stock, valued at $658,229. 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 $37.69 on Monday. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 19.63 and a beta of 0.91. The company has a debt-to-equity ratio of 0.88, a current ratio of 11.29 and a quick ratio of 11.29. The firm has a 50 day simple moving average of $36.26 and a 200 day simple moving average of $34.22. LTC Properties, Inc. has a one year low of $30.30 and a one year high of $38.28.

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

LTC Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend is Friday, September 20th. LTC Properties’s payout ratio is currently 118.75%.

About LTC Properties

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.