LTC Properties, Inc. $LTC Shares Newly Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC bought a new position in shares of LTC Properties, Inc. (NYSE:LTC) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 251,170 shares of the real estate investment trust’s stock, valued at approximately $10,562,000. Sound Income Strategies LLC owned about 0.47% of LTC Properties at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of LTC. BlackRock Inc. acquired a new stake in LTC Properties during the 2nd quarter worth approximately $345,915,000. Alyeska Investment Group L.P. acquired a new position in LTC Properties in the 2nd quarter valued at $34,396,000. Advisors Capital Management LLC bought a new position in LTC Properties during the 2nd quarter worth $31,148,000. Wellington Management Group LLP increased its position in LTC Properties by 21.1% during the 2nd quarter. Wellington Management Group LLP now owns 728,696 shares of the real estate investment trust’s stock worth $28,018,000 after buying an additional 126,884 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in LTC Properties by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 676,970 shares of the real estate investment trust’s stock worth $25,157,000 after buying an additional 20,864 shares during the period. Institutional investors and hedge funds own 69.25% of the company’s stock.

Insider Buying and Selling

In other news, Director Timothy Triche sold 3,125 shares of the stock in a transaction on Monday, July 13th. The stock was sold at an average price of $39.54, for a total value of $123,562.50. Following the completion of the transaction, the director directly owned 37,786 shares in the company, valued at approximately $1,494,058.44. This represents a 7.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David L. Gruber acquired 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of $38.30 per share, for a total transaction of $134,050.00. Following the acquisition, the director owned 47,545 shares in the company, valued at $1,820,973.50. This represents a 7.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.20% of the company’s stock.

LTC Properties Price Performance

LTC Properties stock traded up $0.43 during midday trading on Friday, reaching $42.48. The company’s stock had a trading volume of 315,904 shares, compared to its average volume of 492,769. 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 has a market cap of $2.29 billion, a PE ratio of 15.68 and a beta of 0.55. LTC Properties, Inc. has a 52 week low of $33.64 and a 52 week high of $43.60. The business has a 50-day moving average price of $41.33 and a 200-day moving average price of $39.52.

LTC Properties (NYSE:LTC) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The firm had revenue of $98.08 million during the quarter, compared to analysts’ expectations of $79.01 million. During the same quarter in the prior year, the business earned $0.68 earnings per share. The business’s revenue for the quarter was up 63.6% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. On average, sell-side analysts predict that LTC Properties, Inc. will post 2.78 EPS for the current year.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 23rd will be given a $0.19 dividend. The ex-dividend date is Wednesday, December 23rd. This represents a $2.28 dividend on an annualized basis and a yield of 5.4%. LTC Properties’s dividend payout ratio (DPR) is currently 84.13%.

Analyst Ratings Changes

LTC has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Thursday, August 27th. Wells Fargo & Company boosted their target price on shares of LTC Properties from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 1st. Weiss Ratings downgraded shares of LTC Properties from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, September 24th. Royal Bank Of Canada increased their price target on shares of LTC Properties from $45.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, October 2nd. Finally, Nomura raised shares of LTC Properties to a “neutral” rating in a research note on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, LTC Properties presently has an average rating of “Moderate Buy” and an average target price of $46.50.

About LTC Properties

LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that invests in healthcare-related properties. The company focuses primarily on senior housing and healthcare real estate, including assisted living, memory care, independent living and skilled nursing facilities.

LTC supports its portfolio through a range of investment structures, including property acquisitions, long-term leases, mortgage loans, mezzanine financing, preferred equity investments and joint ventures. Its properties are generally operated by third-party healthcare providers under lease or other investment arrangements.

Founded in 1992, LTC Properties serves markets across the United States.