Amalgamated Bank Has $451,000 Holdings in LTC Properties, Inc. (NYSE:LTC)

Amalgamated Bank grew its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 2.9% during the second quarter, HoldingsChannel.com reports. The firm owned 13,068 shares of the real estate investment trust’s stock after acquiring an additional 372 shares during the quarter. Amalgamated Bank’s holdings in LTC Properties were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LTC. Commonwealth Equity Services LLC lifted its holdings in shares of LTC Properties by 3.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 12,178 shares of the real estate investment trust’s stock worth $420,000 after acquiring an additional 447 shares during the period. Texas Permanent School Fund Corp lifted its holdings in shares of LTC Properties by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 36,243 shares of the real estate investment trust’s stock worth $1,178,000 after acquiring an additional 469 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of LTC Properties by 8.6% during the 2nd quarter. QRG Capital Management Inc. now owns 6,931 shares of the real estate investment trust’s stock worth $239,000 after acquiring an additional 548 shares during the period. Sei Investments Co. lifted its holdings in shares of LTC Properties by 2.0% during the 1st quarter. Sei Investments Co. now owns 28,669 shares of the real estate investment trust’s stock worth $933,000 after acquiring an additional 550 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in shares of LTC Properties by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 8,279 shares of the real estate investment trust’s stock worth $269,000 after acquiring an additional 566 shares during the period. 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 David L. Gruber acquired 6,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of $35.75 per share, for a total transaction of $214,500.00. Following the completion of the transaction, the director now directly owns 18,412 shares in the company, valued at approximately $658,229. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy Triche sold 5,000 shares of the stock in a transaction on Friday, August 30th. The stock was 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 of the company’s stock, valued at $1,258,326.90. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

LTC Properties Price Performance

Shares of NYSE:LTC opened at $36.62 on Monday. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 19.07 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 $36.51 and a 200 day simple moving average of $34.58. 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.

Wall Street Analyst Weigh In

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

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.