Nisa Investment Advisors LLC Decreases Stock Holdings in LTC Properties, Inc. (NYSE:LTC)

Nisa Investment Advisors LLC cut its holdings in LTC Properties, Inc. (NYSE:LTC) by 12.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 25,433 shares of the real estate investment trust’s stock after selling 3,464 shares during the period. Nisa Investment Advisors LLC’s holdings in LTC Properties were worth $879,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LTC. Harbor Capital Advisors Inc. purchased a new position in shares of LTC Properties in the 3rd quarter valued at about $36,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in LTC Properties by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,687 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 437 shares in the last quarter. GAMMA Investing LLC increased its stake in LTC Properties by 25.4% in the third quarter. GAMMA Investing LLC now owns 1,805 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 366 shares during the last quarter. FMR LLC raised its holdings in LTC Properties by 132.7% during the third quarter. FMR LLC now owns 2,899 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 1,653 shares in the last quarter. Finally, Community Trust & Investment Co. purchased a new stake in shares of LTC Properties during the 3rd quarter worth approximately $202,000. 69.25% of the stock is owned by hedge funds and other institutional investors.

LTC Properties Trading Up 1.5 %

Shares of LTC Properties stock opened at $34.90 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.60. The company has a market capitalization of $1.58 billion, a P/E ratio of 14.98 and a beta of 0.93. LTC Properties, Inc. has a 1 year low of $30.30 and a 1 year high of $39.89. The company’s fifty day moving average is $35.94 and its two-hundred day moving average is $36.42.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). The company had revenue of $55.78 million for the quarter, compared to analysts’ expectations of $35.45 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 EPS. Analysts forecast that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Announces Dividend

The business also recently announced a jan 25 dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 23rd will be paid a $0.19 dividend. The ex-dividend date is Thursday, February 20th. This represents a dividend yield of 6.45%. LTC Properties’s dividend payout ratio (DPR) is currently 97.85%.

Insider Activity

In other LTC Properties news, Director David L. Gruber purchased 3,000 shares of LTC Properties stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $37.16 per share, with a total value of $111,480.00. Following the acquisition, the director now directly owns 21,516 shares of the company’s stock, valued at $799,534.56. This represents a 16.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Clint B. Malin sold 6,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $38.75, for a total value of $232,500.00. Following the completion of the sale, the insider now directly owns 158,585 shares of the company’s stock, valued at approximately $6,145,168.75. This trade represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Citizens Jmp raised shares of LTC Properties from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. JMP Securities upgraded LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $37.00 target price (up from $36.00) on shares of LTC Properties in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.75.

LTC Properties Profile

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.