Louisiana State Employees Retirement System Takes $784,000 Position in LTC Properties, Inc. $LTC

Louisiana State Employees Retirement System purchased a new position in LTC Properties, Inc. (NYSE:LTC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 21,100 shares of the real estate investment trust’s stock, valued at approximately $784,000.

Several other institutional investors also recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in 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. raised its position in shares of LTC Properties by 33.8% in 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. lifted its stake in shares of 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 purchasing an additional 348 shares during the last quarter. Global Retirement Partners LLC bought a new stake in LTC Properties during the fourth quarter valued at about $80,000. Finally, Rockefeller Capital Management L.P. boosted its position in LTC Properties by 23.5% during the fourth 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 in the last quarter. 69.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on LTC. Cantor Fitzgerald decreased their price target on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Wells Fargo & Company raised their target price on shares of LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Royal Bank Of Canada increased their price objective on LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a report on Friday, March 20th. Weiss Ratings upgraded LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Finally, Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, LTC Properties has an average rating of “Hold” and a consensus price target of $40.60.

Insider Buying and Selling at LTC Properties

In related news, EVP David M. Boitano purchased 10,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were bought at an average cost of $34.77 per share, with a total value of $347,700.00. Following the transaction, the executive vice president owned 46,160 shares of the company’s stock, valued at approximately $1,604,983.20. This trade represents a 27.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David L. Gruber bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average cost of $38.41 per share, for a total transaction of $153,640.00. Following the completion of the acquisition, the director owned 44,045 shares of the company’s stock, valued at $1,691,768.45. This trade represents a 9.99% 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 corporate insiders.

LTC Properties Stock Performance

Shares of LTC stock traded up $0.49 during mid-day trading on Tuesday, reaching $39.26. The stock had a trading volume of 9,800 shares, compared to its average volume of 435,966. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73. LTC Properties, Inc. has a 1-year low of $33.64 and a 1-year high of $40.80. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 15.91 and a beta of 0.57. The business’s fifty day moving average is $37.76 and its 200-day moving average is $37.54.

LTC Properties (NYSE:LTC) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The firm had revenue of $94.41 million for the quarter, compared to analyst estimates of $72.98 million. During the same quarter in the prior year, the firm earned $0.65 earnings per share. LTC Properties’s revenue for the quarter was up 94.7% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. On average, research analysts forecast that LTC Properties, Inc. will post 2.77 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. Investors 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 yield of 5.8%. LTC Properties’s payout ratio is currently 92.31%.

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.