VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Stake in LTC Properties, Inc. $LTC

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of LTC Properties, Inc. (NYSE:LTC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,070 shares of the real estate investment trust’s stock, valued at approximately $1,425,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.07% of LTC Properties at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Keudell Morrison Wealth Management bought a new position in LTC Properties during the fourth quarter worth about $1,365,000. Legal & General Group Plc purchased a new position in shares of LTC Properties during the 2nd quarter valued at $11,300,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in LTC Properties during the second quarter worth about $1,194,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of LTC Properties in the fourth quarter worth approximately $6,556,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of LTC Properties by 232.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 54,420 shares of the real estate investment trust’s stock worth $2,022,000 after buying an additional 38,054 shares during the last quarter. 69.25% of the stock is owned by hedge funds and other institutional investors.

LTC Properties Stock Down 0.4%

LTC opened at $42.32 on Friday. The firm has a 50 day moving average price of $40.58 and a 200-day moving average price of $39.00. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 15.62 and a beta of 0.58. 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 $43.16.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. The firm had revenue of $98.08 million for the quarter, compared to the consensus estimate of $79.01 million. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.The company’s revenue for the quarter was up 63.6% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Equities research analysts forecast that LTC Properties, Inc. will post 2.78 earnings per share for the current year.

LTC Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be paid a dividend of $0.19 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Tuesday, September 22nd. LTC Properties’s dividend payout ratio (DPR) is currently 84.13%.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, Director Timothy Triche sold 3,125 shares of the business’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $39.54, for a total transaction of $123,562.50. Following the completion of the sale, the director owned 37,786 shares of the company’s stock, valued at approximately $1,494,058.44. The trade was a 7.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Gruber acquired 3,500 shares of the stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $38.30 per share, for a total transaction of $134,050.00. Following the completion of the transaction, the director owned 47,545 shares in the company, valued at approximately $1,820,973.50. This represents a 7.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LTC has been the topic of several recent research reports. Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a research report on Wednesday, June 10th. Nomura upgraded shares of LTC Properties to a “neutral” rating in a research report on Friday, August 14th. Huntington began coverage on LTC Properties in a research note on Thursday. They set an “outperform” rating and a $47.00 target price on the stock. Weiss Ratings raised shares of LTC Properties from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday. Finally, Royal Bank Of Canada upgraded LTC Properties from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $41.00 to $45.00 in a report on Friday, August 14th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, LTC Properties has a consensus rating of “Moderate Buy” and a consensus target price of $44.43.

LTC Properties Profile

LTC Properties, Inc is a real estate investment trust (REIT) that invests in healthcare-related real estate, with a primary focus on senior housing and skilled nursing properties. The company owns, finances and leases properties to healthcare operators that provide long-term care and related services.

LTC’s portfolio activities include investments in assisted living communities, independent living facilities, memory care properties and skilled nursing centers. In addition to owning and leasing real estate, the company may provide mortgage loans and other financing to operators and participate in investments through joint ventures.

Founded in 1992 and headquartered in Westlake Village, California, LTC Properties serves the United States market.