Jupiter Topco LLC Purchases Shares of 23,908 LTC Properties, Inc. $LTC

Jupiter Topco LLC purchased a new position in shares of LTC Properties, Inc. (NYSE:LTC) in the second quarter, HoldingsChannel.com reports. The firm purchased 23,908 shares of the real estate investment trust’s stock, valued at approximately $920,000.

Several other hedge funds have also recently made changes to their positions in LTC. Optiver Holding B.V. lifted its stake in shares of LTC Properties by 153.1% in the 1st quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 467 shares during the period. Farther Finance Advisors LLC grew 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 worth $31,000 after purchasing an additional 587 shares during the period. Hantz Financial Services Inc. increased its holdings in LTC Properties by 27.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 348 shares in the last quarter. KBC Group NV bought a new stake in LTC Properties in the first quarter worth approximately $78,000. Finally, Global Retirement Partners LLC bought a new position in shares of LTC Properties during the 4th quarter worth approximately $80,000. 69.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LTC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of LTC Properties in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Thursday, August 27th. Cantor Fitzgerald dropped their price target on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Royal Bank Of Canada upgraded LTC Properties from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $41.00 to $45.00 in a research note on Friday, August 14th. Finally, Nomura raised LTC Properties to a “neutral” rating in a report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.00.

LTC Properties Stock Down 1.5%

LTC stock opened at $41.29 on Friday. The stock has a market cap of $2.23 billion, a P/E ratio of 15.24 and a beta of 0.58. The company has a current ratio of 8.60, a quick ratio of 8.60 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $40.25 and its two-hundred day simple moving average is $38.90. LTC Properties, Inc. has a 1-year low of $33.64 and a 1-year high of $43.00.

LTC Properties (NYSE:LTC) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.08. The firm had revenue of $98.08 million during the quarter, compared to analyst estimates of $79.01 million. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.The business’s revenue was up 63.6% compared to the same quarter last year. 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. Analysts expect that LTC Properties, Inc. will post 2.78 EPS for the current year.

LTC Properties Announces Dividend

The business also recently disclosed 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 5.5%. LTC Properties’s payout ratio is currently 84.13%.

Insider Transactions at LTC Properties

In other news, Director Timothy Triche sold 3,125 shares of the stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Gruber bought 3,500 shares of LTC Properties stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $38.30 per share, with a total value of $134,050.00. Following the completion of the transaction, the director directly owned 47,545 shares in the company, valued at approximately $1,820,973.50. This trade represents a 7.95% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.20% of the stock is owned by insiders.

LTC Properties 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.