Jupiter Topco LLC Buys Shares of 23,908 LTC Properties, Inc. $LTC

Jupiter Topco LLC bought a new stake in LTC Properties, Inc. (NYSE:LTC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 23,908 shares of the real estate investment trust’s stock, valued at approximately $920,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC boosted its position in shares of LTC Properties by 3.4% during the 4th quarter. ProShare Advisors LLC now owns 8,874 shares of the real estate investment trust’s stock worth $305,000 after acquiring an additional 291 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in shares of LTC Properties by 5.0% in the 4th quarter. Maryland State Retirement & Pension System now owns 7,028 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 336 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of LTC Properties by 27.7% in the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 348 shares during the last quarter. Assetmark Inc. increased its stake in shares of LTC Properties by 2.5% in the 1st quarter. Assetmark Inc. now owns 19,129 shares of the real estate investment trust’s stock valued at $711,000 after purchasing an additional 462 shares during the last quarter. Finally, Optiver Holding B.V. raised its holdings 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 buying an additional 467 shares in the last quarter. Institutional investors own 69.25% of the company’s stock.

LTC Properties Price Performance

Shares of NYSE:LTC opened at $41.29 on Friday. The firm has a market cap of $2.23 billion, a PE ratio of 15.24 and a beta of 0.58. The firm’s fifty day moving average is $40.25 and its 200-day moving average is $38.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 8.60 and a current ratio of 8.60. LTC Properties, Inc. has a 52 week low of $33.64 and a 52 week high of $43.00.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The business had revenue of $98.08 million during 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%.LTC Properties’s quarterly revenue was up 63.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Sell-side analysts predict that LTC Properties, Inc. will post 2.78 earnings per share for the current year.

LTC Properties Announces Dividend

The business 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 $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 5.5%. LTC Properties’s dividend payout ratio is presently 84.13%.

Insider Activity

In related news, Director David L. Gruber bought 3,500 shares of LTC Properties stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $38.30 per share, for a total transaction of $134,050.00. Following the completion of the acquisition, the director directly 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 position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy Triche sold 3,125 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $39.54, for a total transaction of $123,562.50. Following the sale, the director directly owned 37,786 shares of the company’s stock, valued at $1,494,058.44. This represents a 7.64% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LTC has been the topic of several research analyst reports. Cantor Fitzgerald reduced their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Weiss Ratings reissued a “buy (b)” rating on shares of LTC Properties in a report on Wednesday, August 5th. Wells Fargo & Company raised their price target on shares of LTC Properties from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday. Nomura raised shares of LTC Properties to a “neutral” rating in a report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Thursday, August 27th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, LTC Properties has a consensus rating of “Moderate Buy” and an average target price of $44.00.

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.