LTC Properties, Inc. $LTC Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its stake in LTC Properties, Inc. (NYSE:LTC) by 159.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 55,593 shares of the real estate investment trust’s stock after buying an additional 34,129 shares during the quarter. Kestra Advisory Services LLC’s holdings in LTC Properties were worth $2,066,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in LTC. Farther Finance Advisors LLC increased its stake in shares of LTC Properties by 187.5% during the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 587 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in LTC Properties by 33.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 340 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in LTC Properties by 27.7% during the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 348 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of LTC Properties in the 4th quarter valued at approximately $80,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of LTC Properties by 23.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,534 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 482 shares during the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.

LTC Properties Stock Up 0.1%

LTC Properties stock opened at $41.78 on Monday. The company has a market capitalization of $2.14 billion, a P/E ratio of 16.92 and a beta of 0.57. The company has a debt-to-equity ratio of 0.73, a quick ratio of 9.20 and a current ratio of 9.20. LTC Properties, Inc. has a fifty-two week low of $33.64 and a fifty-two week high of $42.74. The stock has a 50-day simple moving average of $38.03 and a 200-day simple moving average of $37.90.

LTC Properties (NYSE:LTC) last released 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. The firm had revenue of $94.41 million for the quarter, compared to the consensus estimate of $72.98 million. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The firm’s quarterly revenue was up 94.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Equities research analysts expect that LTC Properties, Inc. will post 2.8 earnings per share for the current year.

LTC Properties Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. LTC Properties’s dividend payout ratio (DPR) is 92.31%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LTC. Citigroup restated a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Cantor Fitzgerald dropped their target price on LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Weiss Ratings raised LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Finally, Wells Fargo & Company raised their price target on LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.60.

Insider Transactions at LTC Properties

In related news, Director Timothy Triche sold 3,125 shares of the company’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $39.54, for a total value of $123,562.50. Following the completion of the sale, the director owned 37,786 shares in the company, valued at $1,494,058.44. This represents a 7.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David L. Gruber purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average price of $38.41 per share, with a total value of $153,640.00. Following the purchase, the director owned 44,045 shares in the company, valued at $1,691,768.45. This trade represents a 9.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 2.20% of the company’s stock.

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.