SG Americas Securities LLC Has $760,000 Position in LTC Properties, Inc. $LTC

SG Americas Securities LLC raised its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 256.8% in the third quarter, HoldingsChannel.com reports. The firm owned 20,611 shares of the real estate investment trust’s stock after buying an additional 14,834 shares during the period. SG Americas Securities LLC’s holdings in LTC Properties were worth $760,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Harbor Capital Advisors Inc. increased its position in shares of LTC Properties by 55.7% during the third quarter. Harbor Capital Advisors Inc. now owns 984 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 352 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in LTC Properties during the 2nd quarter valued at about $41,000. IFP Advisors Inc raised its stake in shares of LTC Properties by 21.2% in the second quarter. IFP Advisors Inc now owns 1,691 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 296 shares during the last quarter. Corsicana & Co. purchased a new stake in shares of LTC Properties in the third quarter worth approximately $74,000. Finally, Rossby Financial LCC lifted its holdings in shares of LTC Properties by 45.6% in the second quarter. Rossby Financial LCC now owns 2,377 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 744 shares in the last quarter. 69.25% of the stock is owned by institutional investors.

LTC Properties Trading Up 1.6%

NYSE LTC opened at $37.50 on Wednesday. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 52.08 and a beta of 0.62. LTC Properties, Inc. has a one year low of $31.70 and a one year high of $37.70. The company has a debt-to-equity ratio of 0.90, a current ratio of 8.68 and a quick ratio of 8.68. The business’s fifty day moving average is $35.40 and its 200-day moving average is $35.51.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04. The company had revenue of $50.05 million during the quarter, compared to analyst estimates of $65.94 million. LTC Properties had a net margin of 14.58% and a return on equity of 3.22%. The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. LTC Properties has set its FY 2025 guidance at 2.690-2.710 EPS. Equities research analysts predict that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be issued a $0.19 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, March 23rd. LTC Properties’s payout ratio is 316.67%.

Wall Street Analysts Forecast Growth

LTC has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of LTC Properties in a report on Monday, December 29th. Cantor Fitzgerald set a $36.00 price objective on shares of LTC Properties in a report on Monday, January 5th. JMP Securities reiterated a “market outperform” rating and issued a $43.00 target price on shares of LTC Properties in a report on Friday, October 17th. BMO Capital Markets upgraded shares of LTC Properties from an “underperform” rating to a “market perform” rating and set a $39.00 price target on the stock in a report on Wednesday, September 24th. Finally, Wells Fargo & Company upped their price objective on shares of LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $38.60.

Insider Activity at LTC Properties

In other news, Director David L. Gruber purchased 4,000 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $35.41 per share, with a total value of $141,640.00. Following the transaction, the director directly owned 28,738 shares of the company’s stock, valued at approximately $1,017,612.58. This represents a 16.17% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David M. Boitano acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average cost of $34.44 per share, with a total value of $344,400.00. Following the acquisition, the executive vice president owned 25,626 shares in the company, valued at $882,559.44. The trade was a 64.00% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 15,000 shares of company stock worth $521,980. 2.00% of the stock is 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.