GraniteShares Advisors LLC Purchases 7,406 Shares of LTC Properties, Inc. (NYSE:LTC)

GraniteShares Advisors LLC raised its position in LTC Properties, Inc. (NYSE:LTC) by 14.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,362 shares of the real estate investment trust’s stock after purchasing an additional 7,406 shares during the period. LTC Properties accounts for 0.7% of GraniteShares Advisors LLC’s investment portfolio, making the stock its 20th biggest position. GraniteShares Advisors LLC owned about 0.14% of LTC Properties worth $2,048,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of LTC Properties during the 4th quarter worth $28,000. Quadrant Capital Group LLC lifted its holdings in shares of LTC Properties by 78.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,206 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 529 shares during the last quarter. Principal Securities Inc. purchased a new position in LTC Properties in the 4th quarter worth $58,000. Van ECK Associates Corp raised its position in LTC Properties by 19.7% in the 4th quarter. Van ECK Associates Corp now owns 5,748 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 945 shares during the period. Finally, New York Life Investment Management LLC purchased a new position in LTC Properties in the 4th quarter worth $201,000. 69.25% of the stock is owned by institutional investors.

Insider Activity

In other LTC Properties news, Director David L. Gruber acquired 6,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $35.75 per share, with a total value of $214,500.00. Following the completion of the purchase, the director now directly owns 18,412 shares of the company’s stock, valued at approximately $658,229. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

LTC Properties Trading Up 0.8 %

NYSE:LTC traded up $0.30 during trading hours on Friday, reaching $36.73. The company’s stock had a trading volume of 270,344 shares, compared to its average volume of 292,815. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 19.13 and a beta of 0.89. The firm has a 50-day simple moving average of $35.73 and a 200-day simple moving average of $33.86. LTC Properties, Inc. has a 1 year low of $30.30 and a 1 year high of $38.28. The company has a debt-to-equity ratio of 0.88, a quick ratio of 11.29 and a current ratio of 11.29.

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

LTC Properties Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend is Friday, September 20th. LTC Properties’s payout ratio is 118.75%.

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.