Vanguard Group Inc. Boosts Stock Position in LTC Properties, Inc. $LTC

Vanguard Group Inc. boosted its holdings in LTC Properties, Inc. (NYSE:LTC) by 1.8% during the 4th quarter, Holdings Channel reports. The firm owned 7,238,012 shares of the real estate investment trust’s stock after acquiring an additional 125,889 shares during the period. Vanguard Group Inc. owned approximately 0.15% of LTC Properties worth $248,843,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of LTC. Royal Bank of Canada boosted its position in LTC Properties by 37.7% in the first quarter. Royal Bank of Canada now owns 21,344 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 5,840 shares during the last quarter. AQR Capital Management LLC boosted its position in LTC Properties by 2.8% in the first quarter. AQR Capital Management LLC now owns 29,259 shares of the real estate investment trust’s stock worth $1,037,000 after purchasing an additional 806 shares during the last quarter. Creative Planning boosted its position in LTC Properties by 40.6% in the second quarter. Creative Planning now owns 11,198 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 3,235 shares during the last quarter. American Century Companies Inc. boosted its position in LTC Properties by 7.4% in the second quarter. American Century Companies Inc. now owns 18,865 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 1,294 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in LTC Properties by 61.6% in the second quarter. Russell Investments Group Ltd. now owns 11,667 shares of the real estate investment trust’s stock worth $404,000 after purchasing an additional 4,447 shares during the last quarter. Hedge funds and other institutional investors own 69.25% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on LTC. Weiss Ratings raised LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Royal Bank Of Canada boosted their price objective on LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Friday, March 20th. Finally, Wells Fargo & Company boosted their price objective on LTC Properties from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.60.

LTC Properties Stock Up 1.2%

Shares of NYSE LTC opened at $39.08 on Friday. LTC Properties, Inc. has a one year low of $33.64 and a one year high of $40.80. The company has a debt-to-equity ratio of 0.73, a current ratio of 9.20 and a quick ratio of 8.04. The business’s fifty day moving average price is $38.56 and its 200-day moving average price is $36.93. The stock has a market capitalization of $2.00 billion, a PE ratio of 15.82 and a beta of 0.59.

LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The firm had revenue of $94.41 million for the quarter, compared to analysts’ expectations of $72.98 million. During the same quarter in the prior year, the firm earned $0.65 EPS. The business’s revenue for the quarter was up 94.7% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. On average, equities research analysts anticipate that LTC Properties, Inc. will post 2.77 EPS for the current year.

LTC Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a c) dividend on an annualized basis and a yield of 5.8%. LTC Properties’s dividend payout ratio is 93.44%.

Insider Transactions at LTC Properties

In related news, Director David L. Gruber acquired 7,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were acquired at an average price of $38.00 per share, with a total value of $266,000.00. Following the acquisition, the director owned 36,931 shares of the company’s stock, valued at approximately $1,403,378. This trade represents a 23.39% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.20% of the company’s stock.

About LTC Properties

LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that specializes in financing and investing in long-term health care properties. The company focuses on providing capital to operators of senior housing and health care facilities through sale-leaseback transactions, mortgage financings and structured finance arrangements. Its portfolio primarily comprises skilled nursing facilities, assisted living communities and memory care centers.

Since its founding in 1992, LTC Properties has built a diversified portfolio of properties located across the United States.