Edgestream Partners L.P. Invests $2.72 Million in LTC Properties, Inc. (NYSE:LTC)

Edgestream Partners L.P. acquired a new position in shares of LTC Properties, Inc. (NYSE:LTC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 74,066 shares of the real estate investment trust’s stock, valued at approximately $2,717,000. Edgestream Partners L.P. owned 0.16% of LTC Properties as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Walleye Trading LLC acquired a new stake in shares of LTC Properties in the 1st quarter valued at about $209,000. Cetera Advisors LLC acquired a new stake in LTC Properties in the 1st quarter valued at approximately $276,000. DekaBank Deutsche Girozentrale lifted its stake in LTC Properties by 5.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 70,157 shares of the real estate investment trust’s stock valued at $2,311,000 after acquiring an additional 3,839 shares in the last quarter. GAMMA Investing LLC boosted its position in LTC Properties by 91.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,439 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 687 shares during the last quarter. Finally, QRG Capital Management Inc. grew its stake 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 in the last quarter. 69.25% of the stock is owned by institutional investors.

LTC Properties Stock Performance

Shares of LTC stock opened at $38.59 on Monday. The stock has a market cap of $1.75 billion, a P/E ratio of 16.56 and a beta of 0.90. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60. The company has a fifty day moving average price of $37.24 and a two-hundred day moving average price of $36.08. LTC Properties, Inc. has a one year low of $30.30 and a one year high of $39.89.

LTC Properties (NYSE:LTC) last issued its 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). LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The firm had revenue of $55.78 million during the quarter, compared to the consensus estimate of $35.45 million. During the same period in the previous year, the company posted $0.65 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, equities analysts predict that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $2.28 annualized dividend and a dividend yield of 5.91%. LTC Properties’s dividend payout ratio is currently 97.85%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LTC shares. Wells Fargo & Company restated an “equal weight” rating and set a $37.00 target price (up previously from $36.00) on shares of LTC Properties in a report on Tuesday, October 1st. Wedbush reissued an “outperform” rating and set a $40.00 price target on shares of LTC Properties in a research report on Friday, September 20th.

Insider Buying and Selling

In other news, insider Clint B. Malin sold 6,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $38.75, for a total transaction of $232,500.00. Following the completion of the sale, the insider now owns 158,585 shares in the company, valued at approximately $6,145,168.75. This trade represents a 3.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is owned by insiders.

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.