Notable Dividend Flow: $0.19 dividends are now a reality for LTC Properties, Inc. (NYSE:LTC) shareholders. Here’s why.

Notable Dividend Flow: $0.19 dividends are now a reality for LTC Properties, Inc. (NYSE:LTC) shareholders. Here's why.

LTC Properties, Inc. (NYSE:LTC) is expected to pay $0.19 on Oct 31, 2016. The indicated annual dividend is $2.28. Shareholders owning the stock before Oct 19, 2016 will be eligible to receive the payout. Based on LTC Properties, Inc.’s current price of $48.92, the dividend is 0.39%. This dividend’s record date is Oct 21, 2016 and the announcement date is Oct 3, 2016. The stock decreased 0.24% or $0.12 on October 7, hitting $48.92. LTC Properties Inc (NYSE:LTC) has risen 12.77% since March 15, 2016 and is uptrending. It has outperformed by 7.28% the S&P500.

LTC Properties Inc. is a healthcare real estate investment trust. The company has a market cap of $1.92 billion. The Firm invests in senior housing and long-term care properties through acquisitions, development, mortgage loans and other investments. It has a 23.2 P/E ratio. The Company’s primary senior housing and long term healthcare property types include skilled nursing properties , assisted living properties (ALF), independent living properties (ILF), memory care properties (MC) and combinations thereof.

Insitutional Activity: The institutional sentiment decreased to 1.94 in Q2 2016. Its down 0.17, from 2.11 in 2016Q1. The ratio turned negative, as 12 funds sold all LTC Properties Inc shares owned while 50 reduced positions. 34 funds bought stakes while 86 increased positions. They now own 31.26 million shares or 7.81% more from 28.99 million shares in 2016Q1.
Dupont Mgmt accumulated 0.03% or 27,873 shares. X Ltd Liability Co reported 98 shares or 0% of all its holdings. Goodwin Daniel L reported 7,608 shares or 0.13% of all its holdings. Moreover, Proshare Advsr Limited Liability Company has 0% invested in LTC Properties Inc (NYSE:LTC) for 5,461 shares. Panagora Asset Mgmt accumulated 0.04% or 149,226 shares. Geode Capital Management Ltd Liability Corp holds 325,532 shares or 0.01% of its portfolio. Tributary Capital Mngmt Limited Co owns 149,745 shares or 1.13% of their US portfolio. Wfg Limited Partnership accumulated 0.05% or 3,895 shares. California Employees Retirement Sys accumulated 0.01% or 90,999 shares. Amalgamated Bank & Trust last reported 0.01% of its portfolio in the stock. Hillsdale Investment Mngmt Inc has 0.23% invested in the company for 14,900 shares. Public Employees Retirement Association Of Colorado holds 0.01% or 15,471 shares in its portfolio. Moreover, Royal Retail Bank Of Canada has 0.04% invested in LTC Properties Inc (NYSE:LTC) for 1.15M shares. Sg Americas Limited Company holds 2,542 shares or 0% of its portfolio. Swiss Savings Bank has 0.01% invested in the company for 60,000 shares.

Insider Transactions: Since August 30, 2016, the stock had 0 buys, and 1 insider sale for $104,260 net activity. Shares for $104,260 were sold by TRICHE TIMOTHY on Tuesday, August 30.

LTC Properties Inc (NYSE:LTC) Ratings Coverage

Out of 6 analysts covering LTC Properties (NYSE:LTC), 1 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 17% are positive. LTC Properties has been the topic of 10 analyst reports since August 21, 2015 according to StockzIntelligence Inc. RBC Capital Markets downgraded LTC Properties Inc (NYSE:LTC) on Friday, June 17 to “Sector Perform” rating. Canaccord Genuity maintained it with “Buy” rating and $58 target price in Monday, August 15 report. Mizuho upgraded the shares of LTC in a report on Monday, September 21 to “Buy” rating. The stock of LTC Properties Inc (NYSE:LTC) has “Neutral” rating given on Monday, July 18 by Mizuho. As per Wednesday, November 4, the company rating was maintained by Mizuho. The stock has “Sell” rating given by Zacks on Friday, August 28. Hilliard Lyons downgraded LTC Properties Inc (NYSE:LTC) on Wednesday, June 29 to “Underperform” rating.

Another recent and important LTC Properties Inc (NYSE:LTC) news was published by Seekingalpha.com which published an article titled: “LTC Properties, Inc.: This 5% Yielding Health Care REIT Is A Good Choice For …” on January 05, 2016.

LTC Company Profile

LTC Properties Inc., incorporated on May 12, 1992, is a healthcare real estate investment trust (REIT). The Firm invests in senior housing and long-term care properties through acquisitions, development, mortgage loans and other investments. The Company’s primary senior housing and long term healthcare property types include skilled nursing properties (SNF), assisted living properties (ALF), independent living properties (ILF), memory care properties (MC) and combinations thereof. The Firm has investments in approximately 30 states leased or mortgaged to over 30 different operators. The Company’s properties include approximately seven development projects, consisting of over five MC communities with a total of approximately 320 units, a 108-unit ILF community and an 89-unit combination ALF and MC community.

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