Deutsche Bank AG acquired 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 disclosure with the Securities and Exchange Commission. The firm acquired 75,122 shares of the real estate investment trust's stock, valued at approximately $2,888,000. Deutsche Bank AG owned 0.15% of LTC Properties at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC increased its holdings in shares of LTC Properties by 3.4% in the fourth quarter. ProShare Advisors LLC now owns 8,874 shares of the real estate investment trust's stock worth $305,000 after acquiring an additional 291 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of LTC Properties by 5.0% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,028 shares of the real estate investment trust's stock valued at $242,000 after purchasing an additional 336 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of LTC Properties by 33.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 340 shares during the period. Hantz Financial Services Inc. grew its position in shares of LTC Properties by 27.7% in the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 348 shares during the period. Finally, Assetmark Inc. increased its stake in LTC Properties by 2.5% during the 1st quarter. Assetmark Inc. now owns 19,129 shares of the real estate investment trust's stock worth $711,000 after purchasing an additional 462 shares in the last quarter. 69.25% of the stock is currently owned by institutional investors.
LTC Properties Price Performance
Shares of NYSE LTC opened at $40.53 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60. The business has a 50-day moving average of $39.72 and a 200-day moving average of $38.77. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 14.96 and a beta of 0.56. LTC Properties, Inc. has a fifty-two week low of $33.64 and a fifty-two week 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 (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. The business had revenue of $98.08 million for the quarter, compared to analyst estimates of $79.01 million. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.LTC Properties's revenue was up 63.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, sell-side analysts predict that LTC Properties, Inc. will post 2.77 earnings per share for the current fiscal year.
LTC Properties Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be given a $0.19 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 22nd. LTC Properties's dividend payout ratio (DPR) is presently 84.13%.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Cantor Fitzgerald cut 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 note on Monday, May 11th. Nomura upgraded shares of LTC Properties to a "neutral" rating in a report on Friday, August 14th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of LTC Properties in a research report on Wednesday, August 5th. Wells Fargo & Company upped their target price on shares of LTC Properties from $39.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Monday, June 1st. Finally, Royal Bank Of Canada upgraded LTC Properties from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from $41.00 to $45.00 in a report on Friday, August 14th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, LTC Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.40.
Check Out Our Latest Stock Analysis on LTC
Insider Transactions at LTC Properties
In other LTC Properties news, Director David L. Gruber bought 3,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $38.30 per share, with a total value of $134,050.00. Following the acquisition, the director owned 47,545 shares of the company's stock, valued at $1,820,973.50. The trade was a 7.95% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David M. Boitano purchased 10,000 shares of the company's stock in a transaction that occurred on Thursday, June 4th. The stock was acquired at an average price of $34.77 per share, for a total transaction of $347,700.00. Following the purchase, the executive vice president owned 46,160 shares in the company, valued at $1,604,983.20. This trade represents a 27.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 14,000 shares of company stock worth $500,900. 2.20% of the stock is owned by company insiders.
About LTC Properties
(
Free Report)
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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