Hsbc Holdings PLC Takes $3.60 Million Position in LTC Properties, Inc. $LTC

Hsbc Holdings PLC acquired a new position in shares of LTC Properties, Inc. (NYSE:LTC) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 93,594 shares of the real estate investment trust’s stock, valued at approximately $3,599,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Optiver Holding B.V. grew its stake in shares of LTC Properties by 153.1% during the 1st quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 467 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of 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 worth $31,000 after purchasing an additional 587 shares in the last quarter. Hantz Financial Services Inc. lifted 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 purchasing an additional 348 shares in the last quarter. KBC Group NV acquired a new position in LTC Properties during the first quarter worth $78,000. Finally, Global Retirement Partners LLC acquired a new stake in LTC Properties in the 4th quarter valued at $80,000. Institutional investors and hedge funds own 69.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company increased their price objective on shares of LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Royal Bank Of Canada upgraded LTC Properties from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $41.00 to $45.00 in a report on Friday, August 14th. Citigroup reissued a “market outperform” rating on shares of LTC Properties in a research report on Wednesday, June 10th. Cantor Fitzgerald decreased their price target on 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 raised LTC Properties to a “neutral” rating in a research report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.67.

LTC Properties Price Performance

Shares of NYSE LTC opened at $40.65 on Friday. The business’s 50 day moving average price is $39.90 and its two-hundred day moving average price is $38.81. The company has a market cap of $2.19 billion, a PE ratio of 15.00 and a beta of 0.56. The company has a quick ratio of 8.60, a current ratio of 8.60 and a debt-to-equity ratio of 0.58. LTC Properties, Inc. has a twelve month low of $33.64 and a twelve month high of $43.00.

LTC Properties (NYSE:LTC) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.The company had revenue of $98.08 million during the quarter, compared to analysts’ expectations of $79.01 million. During the same period last year, the firm posted $0.68 earnings per share. The business’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. On average, analysts predict that LTC Properties, Inc. will post 2.78 EPS for the current year.

LTC Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 5.6%. LTC Properties’s dividend payout ratio (DPR) is currently 84.13%.

Insider Buying and Selling at LTC Properties

In related news, EVP David M. Boitano acquired 10,000 shares of LTC Properties stock in a transaction on Thursday, June 4th. The stock was purchased at an average cost of $34.77 per share, with a total value of $347,700.00. Following the completion of the transaction, the executive vice president directly owned 46,160 shares in the company, valued at $1,604,983.20. This trade represents a 27.65% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David L. Gruber acquired 3,500 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was bought at an average price of $38.30 per share, for a total transaction of $134,050.00. Following the completion of the acquisition, the director owned 47,545 shares of the company’s stock, valued at approximately $1,820,973.50. The trade was a 7.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 14,000 shares of company stock valued at $500,900 in the last quarter. 2.20% of the stock is currently owned by insiders.

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.