Diversify Advisory Services LLC Purchases Shares of 38,756 LTC Properties, Inc. $LTC

Key Points

• Diversify Advisory Services LLC initiated a position of 38,756 LTC Properties shares worth approximately $1.625 million. Institutional investors collectively own 69.25% of the healthcare REIT.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $41.40; Royal Bank of Canada recently upgraded the stock to “outperform” and raised its target to $45.
• LTC Properties reported quarterly EPS of $0.56, beating estimates by $0.08, while revenue rose 63.6% year over year to $98.08 million. The company also declared a monthly $0.19 dividend, implying a 5.6% annualized yield.

Diversify Advisory Services LLC purchased a new position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 38,756 shares of the real estate investment trust's stock, valued at approximately $1,625,000. Diversify Advisory Services LLC owned 0.07% of LTC Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of LTC. BlackRock Inc. bought a new position in LTC Properties during the 2nd quarter worth $345,915,000. Vanguard Group Inc. grew its position in shares of LTC Properties by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust's stock valued at $248,843,000 after buying an additional 125,889 shares during the last quarter. State Street Corp increased its stake in shares of LTC Properties by 2.0% in the second quarter. State Street Corp now owns 3,163,763 shares of the real estate investment trust's stock valued at $109,498,000 after buying an additional 61,678 shares during the period. Geode Capital Management LLC raised its position in shares of LTC Properties by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,266,992 shares of the real estate investment trust's stock worth $43,566,000 after acquiring an additional 12,547 shares during the last quarter. Finally, Advisors Capital Management LLC raised its position in shares of LTC Properties by 1.7% during the fourth quarter. Advisors Capital Management LLC now owns 763,536 shares of the real estate investment trust's stock worth $26,250,000 after acquiring an additional 12,847 shares during the last quarter. Institutional investors own 69.25% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on LTC shares. Cantor Fitzgerald decreased 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 report on Monday, May 11th. Royal Bank Of Canada upgraded shares of LTC Properties from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $41.00 to $45.00 in a research report on Friday, August 14th. Nomura upgraded shares of LTC Properties to a "neutral" rating in a research report on Friday, August 14th. Citigroup reissued a "market outperform" rating on shares of LTC Properties in a research note on Wednesday, June 10th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of LTC Properties in a report on Wednesday, August 5th. Four 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, LTC Properties currently has an average rating of "Moderate Buy" and an average price target of $41.40.

LTC Properties Stock Performance

LTC opened at $40.39 on Thursday. LTC Properties, Inc. has a 1-year low of $33.64 and a 1-year high of $43.00. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 14.90 and a beta of 0.56. The company's fifty day moving average price is $39.34 and its two-hundred day moving average price is $38.64. 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 (NYSE:LTC - Get Free Report) last posted its earnings results 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. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The company had revenue of $98.08 million during the quarter, compared to the consensus estimate of $79.01 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The firm's revenue for the quarter was up 63.6% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. On average, analysts expect that LTC Properties, Inc. will post 2.77 EPS for the current fiscal year.

LTC Properties Announces Dividend

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

Insider Activity at LTC Properties

In related news, Director David L. Gruber purchased 3,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $38.30 per share, for a total transaction of $134,050.00. Following the completion of the acquisition, the director owned 47,545 shares of the company's stock, valued at $1,820,973.50. This represents a 7.95% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David M. Boitano bought 10,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was purchased at an average price of $34.77 per share, with a total value of $347,700.00. Following the acquisition, 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. Insiders have purchased a total of 14,000 shares of company stock valued at $500,900 over the last 90 days. Insiders own 2.20% of the company's stock.

About LTC Properties

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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