First Trust Advisors LP Purchases 24,553 Shares of LTC Properties, Inc. $LTC

First Trust Advisors LP increased its position in shares of LTC Properties, Inc. (NYSE:LTC) by 50.0% during the first quarter, HoldingsChannel.com reports. The firm owned 73,692 shares of the real estate investment trust’s stock after buying an additional 24,553 shares during the period. First Trust Advisors LP’s holdings in LTC Properties were worth $2,738,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in LTC. Keudell Morrison Wealth Management acquired a new position in shares of LTC Properties in the 4th quarter worth approximately $1,365,000. Vanguard Group Inc. raised its holdings in shares of LTC Properties by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust’s stock valued at $248,843,000 after buying an additional 125,889 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of LTC Properties in the fourth quarter valued at approximately $6,556,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of LTC Properties by 178.2% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 129,100 shares of the real estate investment trust’s stock valued at $4,438,000 after buying an additional 82,700 shares during the period. Finally, UBS Group AG raised its holdings in LTC Properties by 140.3% during the 4th quarter. UBS Group AG now owns 238,226 shares of the real estate investment trust’s stock worth $8,190,000 after purchasing an additional 139,078 shares during the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

Insider Transactions at LTC Properties

In related 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 value of $123,562.50. Following the completion of the transaction, the director owned 37,786 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. Also, EVP David M. Boitano bought 10,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was purchased at an average price 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 approximately $1,604,983.20. This represents a 27.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.20% of the company’s stock.

LTC Properties Trading Up 1.1%

LTC stock opened at $39.89 on Friday. LTC Properties, Inc. has a one year low of $33.64 and a one year high of $43.00. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 14.72 and a beta of 0.56. The company has a fifty day moving average price of $38.76 and a two-hundred day moving average price of $38.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 9.20.

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 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 net margin of 38.84% and a return on equity of 11.42%. The business’s revenue was up 63.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Equities analysts anticipate that LTC Properties, Inc. will post 2.77 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. Investors 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 yield of 5.7%. The ex-dividend date of this dividend is Tuesday, September 22nd. LTC Properties’s dividend payout ratio (DPR) is currently 84.13%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a research report on Wednesday, June 10th. Wells Fargo & Company upped their price target on shares of LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Cantor Fitzgerald decreased their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of LTC Properties in a research note on Wednesday. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $40.60.

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.