LTC Properties, Inc. $LTC Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its position in LTC Properties, Inc. (NYSE:LTC) by 58.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,908 shares of the real estate investment trust’s stock after selling 33,090 shares during the period. Janus Henderson Group PLC’s holdings in LTC Properties were worth $889,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in LTC Properties by 187.5% in the 4th 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in LTC Properties by 33.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 340 shares in the last quarter. Hantz Financial Services Inc. boosted its position in 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 acquiring an additional 348 shares during the period. KBC Group NV acquired a new position in LTC Properties during the 1st quarter worth $78,000. Finally, Global Retirement Partners LLC bought a new position in shares of LTC Properties in the fourth quarter worth $80,000. Institutional investors and hedge funds own 69.25% of the company’s stock.

Wall Street Analysts Forecast Growth

LTC has been the topic of a number of research analyst reports. Cantor Fitzgerald lowered their price target on LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. 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 report on Monday, June 1st. Weiss Ratings reissued a “buy (b)” rating on shares of LTC Properties in a research note on Wednesday, August 5th. Finally, Citigroup restated a “market outperform” rating on shares of LTC Properties in a research report on Wednesday, June 10th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.60.

LTC Properties Price Performance

NYSE LTC opened at $39.47 on Tuesday. The stock has a market capitalization of $2.13 billion, a P/E ratio of 14.56 and a beta of 0.56. LTC Properties, Inc. has a 1 year low of $33.64 and a 1 year high of $43.00. The business’s fifty day moving average is $38.83 and its two-hundred day moving average is $38.48. 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 (NYSE:LTC) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. The business had revenue of $98.08 million during the quarter, compared to analyst estimates 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 was up 63.6% compared to the same quarter last year. During the same period last year, the company posted $0.68 EPS. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. On average, research 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 declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors 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) dividend on an annualized basis and a yield of 5.8%. LTC Properties’s dividend payout ratio (DPR) is currently 84.13%.

Insider Buying and Selling

In other news, EVP David M. Boitano bought 10,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were acquired at an average cost 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. The trade was a 27.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy Triche sold 3,125 shares of the business’s 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 owned 37,786 shares in the company, valued at $1,494,058.44. This represents a 7.64% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.20% of the stock is currently owned by company insiders.

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.