Deutsche Bank AG Makes New $2.89 Million Investment in LTC Properties, Inc. $LTC

Deutsche Bank AG acquired a new position in shares of LTC Properties, Inc. (NYSE:LTC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 75,122 shares of the real estate investment trust’s stock, valued at approximately $2,888,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Keudell Morrison Wealth Management acquired a new position in LTC Properties in the 4th quarter valued at $1,365,000. Vanguard Group Inc. grew its holdings in shares of LTC Properties by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust’s stock worth $248,843,000 after purchasing an additional 125,889 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of LTC Properties during the 4th quarter worth $6,556,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of LTC Properties by 178.2% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 129,100 shares of the real estate investment trust’s stock worth $4,438,000 after purchasing an additional 82,700 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in shares of LTC Properties by 232.5% in the first 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 purchasing an additional 38,054 shares during the period. Institutional investors and hedge funds own 69.25% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LTC shares. Wells Fargo & Company upped their price objective on shares of LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Citigroup reissued a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Royal Bank Of Canada upgraded shares of LTC Properties from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $41.00 to $45.00 in a research report on Friday, August 14th. Weiss Ratings reissued a “buy (b)” rating on shares of LTC Properties in a research note on Wednesday, August 5th. Finally, Nomura upgraded shares of LTC Properties to a “neutral” rating in a research report on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, LTC Properties currently has an average rating of “Moderate Buy” and an average price target of $41.40.

LTC Properties Stock Down 0.4%

Shares of NYSE LTC opened at $40.53 on Thursday. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 14.96 and a beta of 0.56. The company has a current ratio of 8.60, a quick ratio of 8.60 and a debt-to-equity ratio of 0.58. LTC Properties, Inc. has a 12 month low of $33.64 and a 12 month high of $43.00. The stock has a 50-day moving average price of $39.72 and a two-hundred day moving average price of $38.77.

LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.08. The company had revenue of $98.08 million for the quarter, compared to analyst estimates of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The firm’s revenue was up 63.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 EPS. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, analysts forecast that LTC Properties, Inc. will post 2.77 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be paid a dividend of $0.19 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 22nd. LTC Properties’s payout ratio is presently 84.13%.

Insider Transactions at LTC Properties

In other news, Director David L. Gruber acquired 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $38.30 per share, with a total value of $134,050.00. Following the acquisition, the director directly owned 47,545 shares in the company, valued at $1,820,973.50. The trade was a 7.95% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Timothy Triche sold 3,125 shares of the business’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $39.54, for a total value of $123,562.50. Following 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders purchased 14,000 shares of company stock worth $500,900. Corporate insiders own 2.20% of the company’s stock.

About LTC Properties

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.