LTC Properties Inc (LTC, Financial), a real estate investment trust that primarily invests in senior housing and health care properties, recently witnessed a significant transaction by one of its top executives. Clint Malin, the CO-PRESIDENT & Chief Investment Officer of the company, sold 6,000 shares on November 7, 2024. The transaction was documented in an SEC Filing. Following this sale, the insider now owns 158,585 shares of LTC Properties Inc.
The shares were sold at a price of $38.75 each, placing the total value of the transaction at $232,500. This sale has adjusted the insider's stake in the company significantly.
Over the past year, the insider transaction history for LTC Properties Inc shows a trend with 1 insider buy and 5 insider sells. Specifically, Clint Malin’s activities over the past year have involved selling 6,000 shares and purchasing none.
On the valuation front, LTC Properties Inc was trading at $38.75 on the day of the sale, giving the company a market cap of approximately $1.78 billion. The price-earnings ratio of the company stands at 16.86, which is above the industry median of 15.405 but below the company’s historical median.
The GF Value of LTC Properties Inc is estimated at $36.30, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 1.07. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking ownership changes and evaluating the company's current valuation metrics. The transaction provides insights into the insider's perspective on the stock's valuation relative to its current trading price.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
