Capital Square LLC Purchases New Position in LTC Properties, Inc. $LTC

Capital Square LLC acquired a new position in shares of LTC Properties, Inc. (NYSE:LTC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 31,941 shares of the real estate investment trust’s stock, valued at approximately $1,241,000. Capital Square LLC owned approximately 0.06% of LTC Properties at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of LTC Properties in the 2nd quarter valued at $345,915,000. Advisors Capital Management LLC acquired a new stake in LTC Properties during the 2nd quarter worth $31,148,000. Bank of New York Mellon Corp acquired a new stake in LTC Properties during the 2nd quarter worth $20,008,000. Eversept Partners LP purchased a new stake in LTC Properties in the first quarter valued at $11,930,000. Finally, Goldman Sachs Group Inc. lifted its position in LTC Properties by 177.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 323,798 shares of the real estate investment trust’s stock valued at $11,132,000 after acquiring an additional 207,043 shares during the last quarter. Hedge funds and other institutional investors own 69.25% of the company’s stock.

LTC Properties Price Performance

LTC Properties stock opened at $40.36 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60. The business has a 50 day simple moving average of $39.48 and a 200-day simple moving average of $38.70. LTC Properties, Inc. has a 12 month low of $33.64 and a 12 month high of $43.00. The stock has a market capitalization of $2.18 billion, a PE ratio of 14.89 and a beta of 0.56.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The firm had revenue of $98.08 million for the quarter, compared to analyst estimates of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. LTC Properties’s quarterly revenue was up 63.6% on a year-over-year basis. During the same period last year, the firm posted $0.68 EPS. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Equities analysts predict that LTC Properties, Inc. will post 2.77 earnings per share for the current year.

LTC Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be paid a $0.19 dividend. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Tuesday, September 22nd. LTC Properties’s dividend payout ratio (DPR) is 84.13%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Cantor Fitzgerald dropped their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Royal Bank Of Canada raised LTC Properties from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $41.00 to $45.00 in a report on Friday, August 14th. Weiss Ratings reissued a “buy (b)” rating on shares of LTC Properties in a research report on Wednesday, August 5th. Nomura upgraded LTC Properties to a “neutral” rating in a research note on Friday, August 14th. Finally, Citigroup restated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.40.

Insider Activity

In related news, Director Timothy Triche sold 3,125 shares of the stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $39.54, for a total transaction of $123,562.50. Following the completion of the transaction, the director directly owned 37,786 shares of the company’s stock, valued at $1,494,058.44. This represents a 7.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP David M. Boitano acquired 10,000 shares of LTC Properties stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average price of $34.77 per share, with a total value of $347,700.00. Following the transaction, the executive vice president owned 46,160 shares of the company’s stock, valued at $1,604,983.20. This trade represents a 27.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have bought a total of 14,000 shares of company stock valued at $500,900 over the last quarter. Corporate 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.