111 Capital Takes $263,000 Position in LTC Properties, Inc. $LTC

Key Points

• 111 Capital has acquired a new position in LTC Properties, Inc. by purchasing 7,611 shares, valued at approximately $263,000.
• Recent quarterly earnings reports indicated LTC Properties beat EPS estimates, reporting $0.68 against expectations of $0.67, while quarterly revenue increased by 20.2% year-over-year.
• LTC Properties will pay a dividend of $0.19 per share on December 31, representing a substantial dividend yield of 615.0% and a payout ratio of 125.27%.

111 Capital bought a new position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,611 shares of the real estate investment trust's stock, valued at approximately $263,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. KBC Group NV purchased a new position in LTC Properties in the first quarter valued at approximately $33,000. Rossby Financial LCC acquired a new position in shares of LTC Properties in the 1st quarter valued at $58,000. Anchor Investment Management LLC purchased a new position in shares of LTC Properties in the 1st quarter valued at $60,000. Elite Financial Inc. purchased a new position in shares of LTC Properties in the 1st quarter valued at $69,000. Finally, Montag A & Associates Inc. raised its stake in LTC Properties by 72.5% during the 1st quarter. Montag A & Associates Inc. now owns 3,616 shares of the real estate investment trust's stock worth $128,000 after acquiring an additional 1,520 shares in the last quarter. Hedge funds and other institutional investors own 69.25% of the company's stock.

LTC Properties Price Performance

Shares of NYSE:LTC opened at $35.06 on Tuesday. LTC Properties, Inc. has a one year low of $31.70 and a one year high of $39.89. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 19.26 and a beta of 0.68. The company has a 50-day simple moving average of $35.89 and a 200-day simple moving average of $35.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 9.06 and a current ratio of 9.06.

LTC Properties (NYSE:LTC - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The firm had revenue of $30.18 million for the quarter, compared to analysts' expectations of $49.97 million. LTC Properties had a return on equity of 7.95% and a net margin of 38.24%.The firm's revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. On average, analysts predict that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The business also recently declared a dec 25 dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd will be paid a dividend of $0.19 per share. This represents a dividend yield of 615.0%. The ex-dividend date is Tuesday, December 23rd. LTC Properties's dividend payout ratio is 125.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LTC shares. Weiss Ratings restated a "hold (c+)" rating on shares of LTC Properties in a research note on Saturday, September 27th. Royal Bank Of Canada boosted their target price on LTC Properties from $36.00 to $37.00 and gave the company a "sector perform" rating in a report on Friday, August 8th. Wells Fargo & Company upped their target price on LTC Properties from $36.00 to $37.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 27th. BMO Capital Markets upgraded LTC Properties from an "underperform" rating to a "market perform" rating and set a $39.00 price target on the stock in a research note on Wednesday, September 24th. Finally, JMP Securities boosted their price objective on LTC Properties from $40.00 to $43.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $38.80.

LTC Properties Profile

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.

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