LTC Properties, Inc. $LTC Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 58.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,908 shares of the real estate investment trust’s stock after selling 33,090 shares during the period. Janus Henderson Group PLC’s holdings in LTC Properties were worth $889,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LTC. ProShare Advisors LLC raised its stake in shares of LTC Properties by 3.4% in the 4th quarter. ProShare Advisors LLC now owns 8,874 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 291 shares during the period. Maryland State Retirement & Pension System lifted its stake in shares of LTC Properties by 5.0% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,028 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 336 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of LTC Properties by 33.8% during the fourth 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 in the last quarter. Hantz Financial Services Inc. boosted its position in shares of 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 worth $55,000 after buying an additional 348 shares during the period. Finally, Apollon Wealth Management LLC boosted its position in shares of LTC Properties by 2.0% in the fourth quarter. Apollon Wealth Management LLC now owns 23,320 shares of the real estate investment trust’s stock worth $802,000 after buying an additional 453 shares during the period. Institutional investors and hedge funds own 69.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LTC. Citigroup reiterated 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 reduced their target price 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. Finally, Wells Fargo & Company boosted their price objective on shares of LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.60.

LTC Properties Stock Down 1.0%

NYSE:LTC opened at $39.47 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 8.60 and a current ratio of 8.60. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 14.56 and a beta of 0.56. LTC Properties, Inc. has a one year low of $33.64 and a one year high of $43.00. The stock has a 50-day simple moving average of $38.83 and a 200 day simple moving average of $38.48.

LTC Properties (NYSE:LTC) last announced its quarterly earnings data 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 firm 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%.LTC Properties’s revenue for the quarter was up 63.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Sell-side analysts predict that LTC Properties, Inc. will post 2.77 EPS for the current fiscal year.

LTC Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be given a dividend of $0.19 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Tuesday, September 22nd. LTC Properties’s dividend payout ratio is presently 84.13%.

Insider Buying and Selling

In related news, EVP David M. Boitano acquired 10,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average cost of $34.77 per share, for a total transaction of $347,700.00. Following the purchase, the executive vice president directly owned 46,160 shares in the company, valued at $1,604,983.20. This represents a 27.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Timothy Triche sold 3,125 shares of the stock in a transaction on Monday, July 13th. The stock was 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 in the company, valued at $1,494,058.44. This represents a 7.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.20% of the company’s stock.

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.