Sei Investments Co. Buys 20,478 Shares of LTC Properties, Inc. $LTC

Sei Investments Co. grew its position in LTC Properties, Inc. (NYSE:LTC) by 88.2% during the first quarter, HoldingsChannel reports. The firm owned 43,704 shares of the real estate investment trust’s stock after buying an additional 20,478 shares during the quarter. Sei Investments Co.’s holdings in LTC Properties were worth $1,624,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LTC. Goldman Sachs Group Inc. boosted its holdings in shares of LTC Properties by 177.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 323,798 shares of the real estate investment trust’s stock worth $11,132,000 after buying an additional 207,043 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of LTC Properties in the fourth quarter valued at about $6,556,000. Millennium Management LLC increased its stake in shares of LTC Properties by 74.1% in the third quarter. Millennium Management LLC now owns 442,930 shares of the real estate investment trust’s stock worth $16,326,000 after purchasing an additional 188,447 shares during the period. Two Sigma Investments LP increased its stake in shares of LTC Properties by 47.4% in the third quarter. Two Sigma Investments LP now owns 483,004 shares of the real estate investment trust’s stock worth $17,804,000 after purchasing an additional 155,226 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of LTC Properties by 68.3% in the fourth quarter. JPMorgan Chase & Co. now owns 354,226 shares of the real estate investment trust’s stock worth $12,178,000 after purchasing an additional 143,729 shares during the period. 69.25% of the stock is currently owned by institutional investors and hedge funds.

LTC Properties Stock Performance

LTC Properties stock opened at $39.47 on Tuesday. The stock has a 50-day simple moving average of $38.83 and a 200 day simple moving average of $38.48. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 14.56 and a beta of 0.56. The company has a quick ratio of 8.60, a current 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.

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 the consensus estimate of $0.48 by $0.08. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The firm had revenue of $98.08 million during the quarter, compared to analysts’ expectations of $79.01 million. During the same quarter last year, the company posted $0.68 EPS. The company’s quarterly revenue was up 63.6% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. On average, research analysts anticipate that LTC Properties, Inc. will post 2.77 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

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 issued 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 dividend yield of 5.8%. LTC Properties’s dividend payout ratio (DPR) is currently 84.13%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wells Fargo & Company increased their target price on LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Citigroup reaffirmed a “market outperform” rating on shares of LTC Properties in a research report on Wednesday, June 10th. Cantor Fitzgerald cut their price target 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 reissued a “buy (b)” rating on shares of LTC Properties in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, LTC Properties currently has an average rating of “Hold” and an average price target of $40.60.

Insider Activity at LTC Properties

In other news, Director David L. Gruber bought 4,000 shares of the stock in a transaction dated Thursday, May 21st. The stock was bought at an average cost of $38.41 per share, with a total value of $153,640.00. Following the purchase, the director owned 44,045 shares of the company’s stock, valued at approximately $1,691,768.45. This represents a 9.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP David M. Boitano bought 10,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was purchased at an average cost of $34.77 per share, with a total value of $347,700.00. Following the completion of the purchase, the executive vice president directly owned 46,160 shares in the company, valued at approximately $1,604,983.20. This trade represents a 27.65% increase in their position. The SEC filing for this purchase provides additional information. 2.20% of the stock is currently owned by company insiders.

LTC Properties Company 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.