Versor Investments LP Trims Holdings in LTC Properties, Inc. $LTC

Versor Investments LP decreased its holdings in LTC Properties, Inc. (NYSE:LTC) by 51.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,189 shares of the real estate investment trust’s stock after selling 13,804 shares during the period. Versor Investments LP’s holdings in LTC Properties were worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LTC. Jones Financial Companies Lllp increased its stake in LTC Properties by 75.0% in the third 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 increased its stake in 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 during the period. Aster Capital Management DIFC Ltd purchased a new stake in LTC Properties in the third quarter worth $41,000. Hantz Financial Services Inc. increased its stake in LTC Properties by 701.3% in the third 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. increased its stake in LTC Properties by 33.8% in 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 during the period. Hedge funds and other institutional investors own 69.25% of the company’s stock.

Insiders Place Their Bets

In related news, Director David L. Gruber acquired 7,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were bought at an average price of $38.00 per share, with a total value of $266,000.00. Following the completion of the transaction, the director directly owned 36,931 shares in the company, valued at $1,403,378. This trade represents a 23.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LTC shares. Weiss Ratings upgraded LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Royal Bank Of Canada increased their price target on LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Friday, March 20th. Cantor Fitzgerald dropped their price target on LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company increased their price target on LTC Properties from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, LTC Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.40.

LTC Properties Price Performance

LTC opened at $38.37 on Friday. LTC Properties, Inc. has a 12-month low of $33.64 and a 12-month high of $40.80. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73. The business’s fifty day simple moving average is $38.44 and its 200-day simple moving average is $37.04. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 15.53 and a beta of 0.59.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.17. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The business had revenue of $94.41 million for the quarter, compared to the consensus estimate of $72.98 million. During the same quarter in the prior year, the company earned $0.65 EPS. The business’s revenue 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. On average, equities research analysts anticipate 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 Tuesday, June 30th. Investors 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 yield of 5.9%. LTC Properties’s dividend payout ratio (DPR) is presently 92.31%.

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.