UBS Group AG Increases Stock Position in LTC Properties, Inc. $LTC

UBS Group AG increased its position in LTC Properties, Inc. (NYSE:LTCFree Report) by 140.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 238,226 shares of the real estate investment trust’s stock after purchasing an additional 139,078 shares during the period. UBS Group AG’s holdings in LTC Properties were worth $8,190,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in LTC Properties by 75.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 300 shares during the period. Farther Finance Advisors LLC grew its position in LTC Properties by 187.5% in the 4th 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. Aster Capital Management DIFC Ltd bought a new stake in LTC Properties in the 3rd quarter worth approximately $41,000. Hantz Financial Services Inc. grew its position in LTC Properties by 701.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,258 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,101 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in LTC Properties by 33.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 340 shares during the period. Institutional investors own 69.25% of the company’s stock.

Insider Activity

In other LTC Properties news, Director David L. Gruber acquired 7,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The stock was purchased at an average price of $38.00 per share, with a total value of $266,000.00. Following the transaction, the director directly owned 36,931 shares in the company, valued at approximately $1,403,378. The trade was a 23.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is currently owned by insiders.

LTC Properties Trading Down 0.0%

Shares of LTC stock opened at $37.90 on Monday. LTC Properties, Inc. has a 1 year low of $33.64 and a 1 year high of $40.80. The firm has a fifty day moving average price of $38.42 and a 200-day moving average price of $37.06. The company has a debt-to-equity ratio of 0.73, a current ratio of 9.20 and a quick ratio of 9.20. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 15.35 and a beta of 0.59.

LTC Properties (NYSE:LTCGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The firm had revenue of $94.41 million during the quarter, compared to the consensus estimate of $72.98 million. During the same quarter in the previous year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 94.7% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. As a group, equities analysts predict that LTC Properties, Inc. will post 2.77 earnings per share for the current year.

LTC Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. LTC Properties’s payout ratio is presently 92.31%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LTC. Royal Bank Of Canada lifted their target price on shares of LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Friday, March 20th. Wells Fargo & Company lifted their target price on shares of LTC Properties from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 26th. Weiss Ratings raised shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Finally, Cantor Fitzgerald cut their target price on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.40.

View Our Latest Stock Analysis on LTC

LTC Properties 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.

See Also

Want to see what other hedge funds are holding LTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LTC Properties, Inc. (NYSE:LTCFree Report).

Institutional Ownership by Quarter for LTC Properties (NYSE:LTC)

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