Diversify Wealth Management LLC Invests $1.45 Million in LTC Properties, Inc. $LTC

Diversify Wealth Management LLC purchased a new position in LTC Properties, Inc. (NYSE:LTC) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 37,876 shares of the real estate investment trust’s stock, valued at approximately $1,448,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LTC. Farther Finance Advisors LLC raised its stake in LTC Properties by 187.5% during the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 587 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of LTC Properties by 33.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 340 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of LTC Properties by 27.7% during the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 348 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of LTC Properties during the 4th quarter valued at approximately $80,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of 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 valued at $87,000 after acquiring an additional 482 shares in the last quarter. 69.25% of the stock is owned by institutional investors.

LTC Properties Stock Up 1.0%

Shares of LTC Properties stock opened at $40.09 on Wednesday. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73. The business’s 50 day simple moving average is $37.88 and its 200-day simple moving average is $37.76. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 16.23 and a beta of 0.57. LTC Properties, Inc. has a twelve month low of $33.64 and a twelve month high of $40.80.

LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.17. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The business had revenue of $94.41 million for the quarter, compared to the consensus estimate of $72.98 million. During the same quarter last year, the business posted $0.65 EPS. The business’s revenue was up 94.7% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Equities research analysts forecast that LTC Properties, Inc. will post 2.77 earnings per share for the current year.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 5.7%. LTC Properties’s dividend payout ratio (DPR) is currently 92.31%.

Analyst Upgrades and Downgrades

LTC has been the subject of a number of research reports. Weiss Ratings raised shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Royal Bank Of Canada increased their target price on shares of 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 raised their price target on shares of LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Citigroup reaffirmed a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Finally, Cantor Fitzgerald decreased their price target on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, LTC Properties currently has an average rating of “Hold” and an average price target of $40.60.

Insider Buying and Selling at LTC Properties

In related news, EVP David M. Boitano bought 10,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were bought at an average cost of $34.77 per share, for a total transaction of $347,700.00. Following the completion of the purchase, the executive vice president owned 46,160 shares of the company’s stock, valued at $1,604,983.20. This represents a 27.65% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy Triche sold 3,125 shares of the business’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $39.54, for a total transaction of $123,562.50. Following the transaction, the director directly owned 37,786 shares of the company’s stock, valued at approximately $1,494,058.44. This trade represents a 7.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is currently owned by company insiders.

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.