LTC Properties, Inc. $LTC Shares Purchased by First Trust Advisors LP

First Trust Advisors LP increased its holdings in LTC Properties, Inc. (NYSE:LTC) by 50.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,692 shares of the real estate investment trust’s stock after purchasing an additional 24,553 shares during the period. First Trust Advisors LP owned 0.14% of LTC Properties worth $2,738,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of LTC Properties by 73.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,998 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 1,697 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of LTC Properties by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 676,970 shares of the real estate investment trust’s stock worth $25,157,000 after acquiring an additional 20,864 shares in the last quarter. KBC Group NV purchased a new position in shares of LTC Properties during the 1st quarter valued at approximately $78,000. Swiss National Bank boosted its stake in LTC Properties by 3.7% during the 1st quarter. Swiss National Bank now owns 94,262 shares of the real estate investment trust’s stock valued at $3,503,000 after acquiring an additional 3,400 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of LTC Properties by 2.5% during the first quarter. Assetmark Inc. now owns 19,129 shares of the real estate investment trust’s stock worth $711,000 after purchasing an additional 462 shares during the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

Insider Buying and Selling

In related news, Director David L. Gruber purchased 4,000 shares of the stock in a transaction on Thursday, May 21st. The shares were bought at an average price of $38.41 per share, for a total transaction of $153,640.00. Following the completion of the acquisition, the director directly owned 44,045 shares in the company, valued at approximately $1,691,768.45. This trade represents a 9.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy Triche sold 3,125 shares of the firm’s stock in a transaction on Monday, July 13th. The shares were 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 $1,494,058.44. The trade was a 7.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LTC has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of LTC Properties in a report on Wednesday. Citigroup reissued a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Wells Fargo & Company raised their price objective on shares of LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Finally, Cantor Fitzgerald dropped their price target on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, LTC Properties presently has an average rating of “Hold” and a consensus target price of $40.60.

LTC Properties Price Performance

NYSE LTC opened at $39.89 on Friday. The company has a 50 day simple moving average of $38.76 and a 200-day simple moving average of $38.46. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 14.72 and a beta of 0.56. LTC Properties, Inc. has a 52-week low of $33.64 and a 52-week high of $43.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 9.20.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The business had revenue of $98.08 million for the quarter, compared to analysts’ expectations of $79.01 million. During the same period in the previous year, the company posted $0.68 EPS. LTC Properties’s revenue was up 63.6% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Equities research analysts predict that LTC Properties, Inc. will post 2.77 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be given a $0.19 dividend. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, September 22nd. LTC Properties’s payout ratio is currently 84.13%.

LTC Properties 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.