Louisiana State Employees Retirement System Acquires Shares of 21,100 LTC Properties, Inc. $LTC

Louisiana State Employees Retirement System purchased a new stake in LTC Properties, Inc. (NYSE:LTC) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,100 shares of the real estate investment trust’s stock, valued at approximately $784,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LTC. SG Americas Securities LLC grew its position in shares of LTC Properties by 10.7% in the first quarter. SG Americas Securities LLC now owns 24,226 shares of the real estate investment trust’s stock valued at $900,000 after purchasing an additional 2,337 shares during the period. Rockefeller Capital Management L.P. increased its stake in LTC Properties by 23.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,534 shares of the real estate investment trust’s stock worth $87,000 after buying an additional 482 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of LTC Properties by 51.6% in the fourth quarter. Hsbc Holdings PLC now owns 92,088 shares of the real estate investment trust’s stock worth $3,165,000 after acquiring an additional 31,361 shares during the last quarter. CFO Capital Management LLC purchased a new stake in shares of LTC Properties during the fourth quarter worth approximately $318,000. Finally, Virtu Financial LLC acquired a new stake in LTC Properties during the 4th quarter worth $458,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.

Analysts Set New Price Targets

LTC has been the topic of several research reports. Citigroup reissued a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Royal Bank Of Canada boosted their target price on LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a report on Friday, March 20th. Wells Fargo & Company lifted their price objective on LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Cantor Fitzgerald cut their target price on LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Weiss Ratings upgraded LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.60.

LTC Properties Trading Up 1.3%

Shares of NYSE LTC traded up $0.49 during trading on Tuesday, reaching $39.26. The stock had a trading volume of 9,800 shares, compared to its average volume of 435,966. The company has a debt-to-equity ratio of 0.73, a quick ratio of 9.20 and a current ratio of 9.20. The company has a market cap of $2.01 billion, a P/E ratio of 15.91 and a beta of 0.57. LTC Properties, Inc. has a fifty-two week low of $33.64 and a fifty-two week high of $40.80. The business’s 50-day moving average price is $37.76 and its 200-day moving average price is $37.54.

LTC Properties (NYSE:LTC) last announced its 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 company had revenue of $94.41 million during the quarter, compared to analysts’ expectations of $72.98 million. During the same period last year, the business posted $0.65 EPS. LTC Properties’s revenue for the quarter was up 94.7% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. On average, equities research analysts predict that LTC Properties, Inc. will post 2.77 EPS for the current fiscal year.

LTC Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be issued a $0.19 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 5.8%. LTC Properties’s dividend payout ratio (DPR) is 92.31%.

Insider Activity

In other news, Director David L. Gruber purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of $38.41 per share, for a total transaction of $153,640.00. Following the completion of the purchase, the director directly owned 44,045 shares of the company’s stock, valued at $1,691,768.45. The trade was a 9.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David M. Boitano bought 10,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were purchased at an average price of $34.77 per share, with a total value of $347,700.00. Following the purchase, the executive vice president owned 46,160 shares of the company’s stock, valued at approximately $1,604,983.20. This represents a 27.65% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 2.20% of the company’s stock.

LTC Properties Company Profile

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.