Ascentis Independent Advisors Takes Position in LTC Properties, Inc. $LTC

Ascentis Independent Advisors bought a new stake in shares of LTC Properties, Inc. (NYSE:LTC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,906 shares of the real estate investment trust’s stock, valued at approximately $591,000.

Several other institutional investors also recently bought and sold shares of LTC. Keudell Morrison Wealth Management purchased a new stake in LTC Properties during the 4th quarter worth about $1,365,000. Pensionfund PDN purchased a new position in shares of LTC Properties in the 4th quarter valued at about $1,014,000. Vanguard Group Inc. boosted its stake in shares of LTC Properties by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust’s stock valued at $248,843,000 after buying an additional 125,889 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of LTC Properties during the fourth quarter worth about $6,556,000. Finally, UBS Group AG grew its position in shares of LTC Properties by 140.3% during the fourth quarter. UBS Group AG now owns 238,226 shares of the real estate investment trust’s stock worth $8,190,000 after buying an additional 139,078 shares in the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at LTC Properties

In related news, Director David L. Gruber bought 4,000 shares of the stock in a transaction 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 purchase, 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 position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David M. Boitano bought 10,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost of $34.77 per share, for a total transaction of $347,700.00. Following the acquisition, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

LTC Properties Stock Down 0.2%

LTC Properties stock opened at $39.14 on Thursday. LTC Properties, Inc. has a fifty-two week low of $33.64 and a fifty-two week high of $40.80. The company has a debt-to-equity ratio of 0.73, a quick ratio of 9.20 and a current ratio of 9.20. The company has a market capitalization of $2.00 billion, a P/E ratio of 15.85 and a beta of 0.57. The stock has a 50-day simple moving average of $37.79 and a 200-day simple moving average of $37.61.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.17. The firm had revenue of $94.41 million for the quarter, compared to the consensus estimate of $72.98 million. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The firm’s quarterly revenue was up 94.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Equities research analysts expect that LTC Properties, Inc. will post 2.77 earnings per share for the current year.

LTC Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be given a dividend of $0.19 per share. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, September 22nd. LTC Properties’s dividend payout ratio (DPR) is presently 92.31%.

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.