Ausbil Investment Management Ltd Has $783,000 Stock Holdings in LTC Properties, Inc. $LTC

Key Points

• Ausbil Investment Management Ltd significantly increased its holdings in LTC Properties, Inc. by 131.8% in the second quarter, owning 22,625 shares valued at approximately $783,000.
• Several analysts upgraded their ratings on LTC Properties, with price targets ranging from $37.00 to $43.00 and an average consensus of $39.00, indicating a positive outlook for the stock.
• LTC Properties reported earnings of $0.68 per share for the last quarter, surpassing estimates, with a significant year-over-year revenue increase of 20.2%.

Ausbil Investment Management Ltd raised its position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 131.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,625 shares of the real estate investment trust's stock after buying an additional 12,866 shares during the period. Ausbil Investment Management Ltd's holdings in LTC Properties were worth $783,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LTC. KBC Group NV acquired a new stake in shares of LTC Properties during the first quarter worth approximately $33,000. Rossby Financial LCC acquired a new stake in shares of LTC Properties during the first quarter worth approximately $58,000. Anchor Investment Management LLC acquired a new stake in shares of LTC Properties during the first quarter worth approximately $60,000. Elite Financial Inc. acquired a new stake in shares of LTC Properties during the first quarter worth approximately $69,000. Finally, Montag A & Associates Inc. increased its holdings in shares of LTC Properties by 72.5% during the first quarter. Montag A & Associates Inc. now owns 3,616 shares of the real estate investment trust's stock worth $128,000 after buying an additional 1,520 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. BMO Capital Markets raised shares of LTC Properties from an "underperform" rating to a "market perform" rating and set a $39.00 price objective for the company in a report on Wednesday. Royal Bank Of Canada raised their price target on shares of 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 raised their price target on shares of LTC Properties from $36.00 to $37.00 and gave the company an "equal weight" rating in a report on Wednesday, August 27th. JMP Securities raised their price target on shares of LTC Properties from $40.00 to $43.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Finally, Wedbush raised shares of LTC Properties to a "strong-buy" rating in a report on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.00.

LTC Properties Price Performance

Shares of LTC stock opened at $36.55 on Friday. LTC Properties, Inc. has a 52-week low of $31.70 and a 52-week high of $39.89. The stock has a market cap of $1.68 billion, a PE ratio of 20.08 and a beta of 0.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 9.06 and a current ratio of 9.06. The firm's 50 day moving average price is $35.77 and its two-hundred day moving average price is $35.37.

LTC Properties (NYSE:LTC - Get Free Report) last announced its quarterly earnings data 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 net margin of 38.24% and a return on equity of 7.95%. The firm had revenue of $30.18 million for the quarter, compared to analysts' expectations of $49.97 million. During the same period last year, the firm earned $0.45 earnings per share. The business's revenue for the quarter was up 20.2% on a year-over-year basis. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. As a group, analysts forecast that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

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

LTC Properties Company 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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