Advisors Capital Management LLC Takes Position in LTC Properties, Inc. $LTC

Key Points

• Advisors Capital Management acquired 810,087 shares of LTC Properties in the second quarter, worth approximately $31.1 million and representing a 1.5% stake. Institutional investors collectively own 69.25% of the healthcare REIT.
• LTC Properties reported quarterly EPS of $0.56, exceeding estimates of $0.48, while revenue rose 63.6% year over year to $98.08 million. The company issued full-year 2026 EPS guidance of $2.76–$2.78.
• The REIT declared a monthly dividend of $0.19 per share, implying a 5.6% annualized yield, while insiders purchased 14,000 shares worth about $500,900 over the past 90 days. Analysts maintain a “Moderate Buy” consensus with an average price target of $41.40.

Advisors Capital Management LLC acquired a new stake in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 810,087 shares of the real estate investment trust's stock, valued at approximately $31,148,000. Advisors Capital Management LLC owned 1.50% of LTC Properties as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Tocqueville Asset Management L.P. purchased a new stake in shares of LTC Properties during the 2nd quarter worth $4,754,000. Diversify Advisory Services LLC purchased a new position in LTC Properties in the second quarter valued at about $1,625,000. BlackRock Inc. purchased a new position in LTC Properties in the second quarter valued at about $345,915,000. Deutsche Bank AG bought a new position in LTC Properties in the second quarter worth about $2,888,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of LTC Properties during the second quarter valued at about $1,632,000. Institutional investors own 69.25% of the company's stock.

Insiders Place Their Bets

In other news, Director David L. Gruber bought 3,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $38.30 per share, with a total value of $134,050.00. Following the completion of the acquisition, the director directly owned 47,545 shares of the company's stock, valued at $1,820,973.50. This trade represents a 7.95% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David M. Boitano bought 10,000 shares of the company's stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average price of $34.77 per share, for a total transaction of $347,700.00. Following the transaction, the executive vice president owned 46,160 shares of the company's stock, valued at $1,604,983.20. The trade was a 27.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 14,000 shares of company stock valued at $500,900. 2.20% of the stock is owned by company insiders.

LTC Properties Trading Up 1.0%

Shares of LTC Properties stock opened at $40.70 on Friday. The company has a current ratio of 8.60, a quick 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. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 15.02 and a beta of 0.56. The firm's 50 day simple moving average is $39.41 and its two-hundred day simple moving average is $38.67.

LTC Properties (NYSE:LTC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 EPS 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 the consensus estimate of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The business's revenue for the quarter was up 63.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Analysts predict that LTC Properties, Inc. will post 2.77 EPS for the current year.

LTC Properties Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 5.6%. LTC Properties's payout ratio is currently 84.13%.

Wall Street Analyst Weigh In

LTC has been the topic of a number of recent analyst reports. Citigroup restated a "market outperform" rating on shares of LTC Properties in a report on Wednesday, June 10th. Wells Fargo & Company increased their target price on shares of LTC Properties from $39.00 to $40.00 and gave the company an "equal weight" rating in a research report on Monday, June 1st. 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. Nomura upgraded shares of LTC Properties to a "neutral" rating in a research note on Friday, August 14th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of LTC Properties in a report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $41.40.

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.

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