UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of LTC Properties, Inc. (NYSE:LTC – Free Report) by 15,156.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 256,313 shares of the real estate investment trust’s stock after purchasing an additional 254,633 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in LTC Properties were worth $9,855,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Optiver Holding B.V. increased its position in shares of LTC Properties by 153.1% during the first quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 467 shares during the period. Farther Finance Advisors LLC lifted its holdings in LTC Properties by 187.5% in the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 587 shares during the period. Hantz Financial Services Inc. lifted 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 valued at $55,000 after buying an additional 348 shares during the period. KBC Group NV bought a new stake in LTC Properties during the first quarter valued at $78,000. Finally, Global Retirement Partners LLC bought a new stake in LTC Properties during the fourth quarter valued at $80,000. Institutional investors own 69.25% of the company’s stock.
Analyst Upgrades and Downgrades
LTC has been the subject of several recent analyst reports. Royal Bank Of Canada raised LTC Properties from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $41.00 to $45.00 in a research note on Friday, August 14th. Citigroup restated a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of LTC Properties in a research report on Wednesday, August 5th. Cantor Fitzgerald lowered their price objective on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, LTC Properties has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.
Insider Transactions at LTC Properties
In other LTC Properties news, Director Timothy Triche sold 3,125 shares of LTC Properties stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $39.54, for a total transaction of $123,562.50. Following the completion of the transaction, the director owned 37,786 shares in the company, valued at approximately $1,494,058.44. The trade was a 7.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Gruber acquired 3,500 shares of the firm’s stock in a transaction on 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 acquisition, the director directly owned 47,545 shares in the company, valued at approximately $1,820,973.50. This represents a 7.95% increase in their position. The SEC filing for this purchase provides additional information. 2.20% of the stock is currently owned by insiders.
LTC Properties Stock Performance
Shares of LTC stock opened at $41.29 on Monday. 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 firm has a fifty day simple moving average of $40.25 and a two-hundred day simple moving average of $38.90. LTC Properties, Inc. has a 12 month low of $33.64 and a 12 month high of $43.00. The firm has a market capitalization of $2.23 billion, a PE ratio of 15.24 and a beta of 0.58.
LTC Properties (NYSE:LTC – Get Free Report) last released 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%. The business’s quarterly revenue was up 63.6% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Analysts forecast that LTC Properties, Inc. will post 2.78 EPS for the current fiscal year.
LTC Properties Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors 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 dividend payout ratio (DPR) is presently 84.13%.
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.
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