Alyeska Investment Group L.P. Takes Position in LTC Properties, Inc. $LTC

Key Points

• Alyeska Investment Group acquired 894,561 shares of LTC Properties in the second quarter, worth approximately $34.4 million and representing about 1.66% of the REIT. Institutional investors collectively own 69.25% of the company.
• LTC Properties reported quarterly earnings of $0.56 per share, beating estimates of $0.48, while revenue rose 63.6% year over year to $98.08 million. The company issued fiscal 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. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $43.67, compared with a recent share price of $40.65.

Alyeska Investment Group L.P. bought a new position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 894,561 shares of the real estate investment trust's stock, valued at approximately $34,396,000. Alyeska Investment Group L.P. owned about 1.66% of LTC Properties as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of LTC Properties by 15,156.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 256,313 shares of the real estate investment trust's stock worth $9,855,000 after acquiring an additional 254,633 shares during the period. Van ECK Associates Corp lifted its holdings in LTC Properties by 3.8% during the 2nd quarter. Van ECK Associates Corp now owns 13,829 shares of the real estate investment trust's stock worth $532,000 after purchasing an additional 508 shares during the last quarter. Nissay Asset Management Corp Japan boosted its stake in LTC Properties by 5.8% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 7,999 shares of the real estate investment trust's stock valued at $308,000 after purchasing an additional 439 shares during the period. Hsbc Holdings PLC boosted its stake in LTC Properties by 12.4% in the 2nd quarter. Hsbc Holdings PLC now owns 93,594 shares of the real estate investment trust's stock valued at $3,599,000 after purchasing an additional 10,356 shares during the period. Finally, Wellington Management Group LLP grew its holdings in LTC Properties by 21.1% in the 2nd quarter. Wellington Management Group LLP now owns 728,696 shares of the real estate investment trust's stock valued at $28,018,000 after buying an additional 126,884 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company's stock.

Insider Buying and Selling

In other news, EVP David M. Boitano purchased 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 purchase, the executive vice president owned 46,160 shares of the company's stock, valued at approximately $1,604,983.20. The trade was a 27.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy Triche sold 3,125 shares of the firm's stock in a transaction on Monday, July 13th. The shares were sold at an average price of $39.54, for a total value of $123,562.50. Following the sale, the director directly owned 37,786 shares in the company, valued at approximately $1,494,058.44. This trade represents a 7.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders purchased a total of 14,000 shares of company stock worth $500,900 in the last three months. 2.20% of the stock is owned by corporate insiders.

LTC Properties Stock Performance

Shares of LTC Properties stock opened at $40.65 on Monday. The company has a 50 day moving average of $39.90 and a 200-day moving average of $38.82. The company has a market cap of $2.19 billion, a PE ratio of 15.00 and a beta of 0.56. 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 1-year low of $33.64 and a 1-year high of $43.00.

LTC Properties (NYSE:LTC - Get Free Report) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. The firm had revenue of $98.08 million during the quarter, compared to analysts' expectations of $79.01 million. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.The company's quarterly revenue was up 63.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, equities research analysts forecast that LTC Properties, Inc. will post 2.78 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be given a dividend of $0.19 per share. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Tuesday, September 22nd. LTC Properties's dividend payout ratio is currently 84.13%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LTC shares. Royal Bank Of Canada upgraded LTC Properties from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from $41.00 to $45.00 in a research report on Friday, August 14th. Wells Fargo & Company upped their price target on shares of LTC Properties from $39.00 to $40.00 and gave the company an "equal weight" rating in a research note on Monday, June 1st. Cantor Fitzgerald lowered their price target on shares of LTC Properties from $42.00 to $40.00 and set a "neutral" rating on the stock in a research report on Monday, May 11th. Nomura raised shares of LTC Properties to a "neutral" rating in a research report on Friday, August 14th. Finally, Citigroup reiterated a "market outperform" rating on shares of LTC Properties in a research note on Wednesday, June 10th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, LTC Properties currently has an average rating of "Moderate Buy" and an average target price of $43.67.

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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