VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of LTC Properties, Inc. (NYSE:LTC – Free Report) by 264.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,270 shares of the real estate investment trust’s stock after acquiring an additional 98,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.25% of LTC Properties worth $5,799,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Optiver Holding B.V. lifted its holdings in LTC Properties by 153.1% in the 1st quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 467 shares during the last quarter. Nykredit A S bought a new position in shares of LTC Properties during the 2nd quarter valued at about $46,000. Markowski Investments acquired a new position in shares of LTC Properties in the 2nd quarter worth approximately $49,000. Farther Finance Advisors LLC grew its stake in shares of LTC Properties by 39.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,256 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 354 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of LTC Properties by 113.5% in the 3rd quarter. Signaturefd LLC now owns 1,266 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 673 shares during the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.
LTC Properties Trading Up 0.0%
Shares of NYSE LTC opened at $44.76 on Monday. LTC Properties, Inc. has a one year low of $33.64 and a one year high of $45.79. The firm has a market capitalization of $2.41 billion, a PE ratio of 16.52 and a beta of 0.55. 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 business has a 50-day moving average price of $42.48 and a two-hundred day moving average price of $39.48.
LTC Properties (NYSE:LTC – Get Free Report) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. The company had revenue of $98.08 million for the quarter, compared to analysts’ expectations of $79.01 million. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%. The business’s revenue for the quarter was up 63.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 EPS. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, analysts predict that LTC Properties, Inc. will post 2.77 earnings per share for the current fiscal year.
LTC Properties Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 23rd will be paid a $0.19 dividend. This represents a $2.28 annualized dividend and a yield of 5.1%. The ex-dividend date is Wednesday, December 23rd. LTC Properties’s dividend payout ratio is currently 84.13%.
Insiders Place Their Bets
In related news, Director David Gruber acquired 3,500 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $38.30 per share, for a total transaction of $134,050.00. Following the purchase, 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. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently commented on LTC shares. Huntington began coverage on shares of LTC Properties in a report on Thursday, September 10th. They issued an “outperform” rating and a $47.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of LTC Properties from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Monday, October 19th. Royal Bank Of Canada lifted 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. Weiss Ratings cut LTC Properties from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, September 24th. Finally, Nomura upgraded LTC Properties to a “neutral” rating in a research report on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, LTC Properties currently has an average rating of “Moderate Buy” and an average price target of $47.40.
View Our Latest Stock Report on LTC Properties
About LTC Properties
LTC Properties, Inc is a real estate investment trust (REIT) that invests in healthcare-related real estate. The company focuses primarily on properties serving older adults, including skilled nursing facilities, assisted living communities, memory care facilities and independent living properties.
LTC Properties generally generates revenue through long-term leases, mortgage loans and other investments involving healthcare operators and property owners. Its investment activities may include property acquisitions, sale-leaseback transactions, joint ventures and financing arrangements.
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