Legal & General Group Plc Acquires New Position in LTC Properties, Inc. $LTC

Posted by Brenda Bartman on Sep 1st, 2026

Legal & General Group Plc bought a new position in shares of LTC Properties, Inc. (NYSE:LTC – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 293,882 shares of the real estate investment trust’s stock, valued at approximately $11,300,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in LTC Properties in the 2nd quarter valued at approximately $345,915,000. Vanguard Group Inc. increased its position in shares of LTC Properties by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust’s stock worth $248,843,000 after acquiring an additional 125,889 shares during the period. State Street Corp increased its position in shares of LTC Properties by 2.0% during the second quarter. State Street Corp now owns 3,163,763 shares of the real estate investment trust’s stock worth $109,498,000 after acquiring an additional 61,678 shares during the period. Geode Capital Management LLC raised its stake in shares of LTC Properties by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,266,992 shares of the real estate investment trust’s stock valued at $43,566,000 after acquiring an additional 12,547 shares in the last quarter. Finally, Advisors Capital Management LLC acquired a new stake in shares of LTC Properties in the second quarter valued at $31,148,000. 69.25% of the stock is currently owned by institutional investors and hedge funds.

LTC Properties Stock Performance

Shares of LTC Properties stock opened at $40.38 on Tuesday. The company has a quick ratio of 8.60, a current ratio of 8.60 and a debt-to-equity ratio of 0.58. LTC Properties, Inc. has a 52 week low of $33.64 and a 52 week high of $43.00. The firm’s 50 day moving average is $39.97 and its two-hundred day moving average is $38.84. The firm has a market capitalization of $2.18 billion, a P/E ratio of 14.90 and a beta of 0.56.

LTC Properties (NYSE:LTC – Get Free Report) last issued 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 business had revenue of $98.08 million during the quarter, compared to analysts’ expectations of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The company’s revenue for the quarter was up 63.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 EPS. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Research analysts forecast that LTC Properties, Inc. will post 2.78 EPS for the current fiscal 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 paid a $0.19 dividend. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date is Tuesday, September 22nd. LTC Properties’s dividend payout ratio is currently 84.13%.

Insiders Place Their Bets

In other news, EVP David M. Boitano bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average cost of $34.77 per share, with a total value of $347,700.00. Following the transaction, the executive vice president directly owned 46,160 shares in the company, valued at $1,604,983.20. This trade represents a 27.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Timothy Triche sold 3,125 shares of the company’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $39.54, for a total value of $123,562.50. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have bought 14,000 shares of company stock valued at $500,900. 2.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LTC. Wells Fargo & Company boosted their target price on LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Royal Bank Of Canada raised LTC Properties from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $41.00 to $45.00 in a research report on Friday, August 14th. Cantor Fitzgerald decreased their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft raised LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Thursday. Finally, Nomura upgraded shares of LTC Properties to a “neutral” rating in a research note on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.67.

Check Out Our Latest Stock Analysis on LTC Properties

LTC Properties Company Profile

(Free Report)

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.