Advisors Capital Management LLC Has $16.88 Million Position in LTC Properties, Inc. $LTC

Key Points

• Advisors Capital Management LLC increased its holdings in LTC Properties, Inc. by 2.6%, owning approximately $16.88 million worth of shares as of the latest SEC filing.
• LTC Properties recently announced a monthly dividend of $0.19 per share, representing an annualized yield of 6.2%, with a high dividend payout ratio of 125.27%.
• The company's earnings per share (EPS) for the latest quarter exceeded analysts' expectations, reporting $0.68, and set a FY 2025 guidance of 2.670-2.71 EPS.

Advisors Capital Management LLC boosted its holdings in LTC Properties, Inc. (NYSE:LTC - Free Report) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 476,084 shares of the real estate investment trust's stock after buying an additional 11,841 shares during the period. Advisors Capital Management LLC owned approximately 1.04% of LTC Properties worth $16,877,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Anchor Investment Management LLC acquired a new position in LTC Properties in the first quarter valued at approximately $60,000. Caxton Associates LLP acquired a new position in LTC Properties in the first quarter valued at about $496,000. UniSuper Management Pty Ltd lifted its stake in LTC Properties by 7.6% in the first quarter. UniSuper Management Pty Ltd now owns 12,800 shares of the real estate investment trust's stock valued at $454,000 after buying an additional 900 shares during the period. AQR Capital Management LLC lifted its stake in LTC Properties by 2.8% in the first quarter. AQR Capital Management LLC now owns 29,259 shares of the real estate investment trust's stock valued at $1,037,000 after buying an additional 806 shares during the period. Finally, Royal Bank of Canada lifted its stake in LTC Properties by 37.7% in the first quarter. Royal Bank of Canada now owns 21,344 shares of the real estate investment trust's stock valued at $757,000 after buying an additional 5,840 shares during the period. 69.25% of the stock is currently owned by institutional investors and hedge funds.

LTC Properties Trading Down 0.0%

NYSE LTC opened at $36.54 on Friday. The stock's 50-day moving average is $35.63 and its 200-day moving average is $35.34. LTC Properties, Inc. has a one year low of $31.70 and a one year high of $39.89. The firm has a market cap of $1.68 billion, a P/E ratio of 20.08 and a beta of 0.69. The company has a debt-to-equity ratio of 0.67, a current ratio of 9.06 and a quick ratio of 9.06.

LTC Properties (NYSE:LTC - Get Free Report) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.01. LTC Properties had a return on equity of 7.95% and a net margin of 38.24%.The business had revenue of $30.18 million for the quarter, compared to analyst estimates of $49.97 million. During the same quarter last year, the firm earned $0.45 EPS. LTC Properties's revenue for the quarter was up 20.2% compared to the same quarter last year. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. Sell-side analysts anticipate that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 21st were given a $0.19 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend was Thursday, August 21st. LTC Properties's dividend payout ratio (DPR) is currently 125.27%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LTC shares. Wells Fargo & Company increased their target price on LTC Properties from $36.00 to $37.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. Royal Bank Of Canada increased their target price on LTC Properties from $36.00 to $37.00 and gave the company a "sector perform" rating in a research note on Friday, August 8th. JMP Securities increased their target price 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. Finally, Wedbush raised LTC Properties to a "strong-buy" rating in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $39.25.

Insider Transactions at LTC Properties

In other news, EVP David M. Boitano bought 6,000 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were acquired at an average price of $34.71 per share, with a total value of $208,260.00. Following the transaction, the executive vice president owned 15,626 shares in the company, valued at $542,378.46. This represents a 62.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.10% of the company's stock.

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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