LTC Properties, Inc. $LTC Shares Newly Acquired by Sound Income Strategies LLC

Key Points

• Sound Income Strategies LLC acquired 251,170 shares of LTC Properties worth approximately $10.6 million, giving it a 0.47% stake. Institutional investors collectively own 69.25% of the healthcare REIT.
• LTC Properties reported quarterly EPS of $0.56, exceeding estimates by $0.08, while revenue rose 63.6% year over year to $98.08 million. The company reaffirmed fiscal 2026 EPS guidance of $2.76–$2.78.
• The company declared a monthly dividend of $0.19 per share, or $2.28 annualized, representing a 5.4% yield. Analysts give LTC an overall “Moderate Buy” rating with an average price target of $46.50.

Sound Income Strategies LLC bought a new position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 251,170 shares of the real estate investment trust's stock, valued at approximately $10,562,000. Sound Income Strategies LLC owned about 0.47% of LTC Properties at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of LTC. BlackRock Inc. acquired a new stake in LTC Properties during the 2nd quarter worth approximately $345,915,000. Alyeska Investment Group L.P. acquired a new position in LTC Properties in the 2nd quarter valued at $34,396,000. Advisors Capital Management LLC bought a new position in LTC Properties during the 2nd quarter worth $31,148,000. Wellington Management Group LLP increased its position in LTC Properties by 21.1% during the 2nd quarter. Wellington Management Group LLP now owns 728,696 shares of the real estate investment trust's stock worth $28,018,000 after buying an additional 126,884 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in LTC Properties by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 676,970 shares of the real estate investment trust's stock worth $25,157,000 after buying an additional 20,864 shares during the period. Institutional investors and hedge funds own 69.25% of the company's stock.

Insider Buying and Selling

In other news, Director Timothy Triche sold 3,125 shares of the stock in a transaction on Monday, July 13th. The stock was sold at an average price of $39.54, for a total value of $123,562.50. Following the completion of the transaction, the director directly owned 37,786 shares in the company, valued at approximately $1,494,058.44. This represents a 7.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David L. Gruber acquired 3,500 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of $38.30 per share, for a total transaction of $134,050.00. Following the acquisition, the director owned 47,545 shares in the company, valued at $1,820,973.50. This represents a 7.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.20% of the company's stock.

LTC Properties Price Performance

LTC Properties stock traded up $0.43 during midday trading on Friday, reaching $42.48. The company's stock had a trading volume of 315,904 shares, compared to its average volume of 492,769. The company has a current ratio of 8.60, a quick ratio of 8.60 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2.29 billion, a PE ratio of 15.68 and a beta of 0.55. LTC Properties, Inc. has a 52 week low of $33.64 and a 52 week high of $43.60. The business has a 50-day moving average price of $41.33 and a 200-day moving average price of $39.52.

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 analysts' consensus estimates of $0.48 by $0.08. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The firm had revenue of $98.08 million during the quarter, compared to analysts' expectations of $79.01 million. During the same quarter in the prior year, the business earned $0.68 earnings per share. The business's revenue for the quarter was up 63.6% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. On average, sell-side analysts predict that LTC Properties, Inc. will post 2.78 EPS for the current year.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 23rd will be given a $0.19 dividend. The ex-dividend date is Wednesday, December 23rd. This represents a $2.28 dividend on an annualized basis and a yield of 5.4%. LTC Properties's dividend payout ratio (DPR) is currently 84.13%.

Analyst Ratings Changes

LTC has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of LTC Properties from a "hold" rating to a "buy" rating and set a $55.00 price objective on the stock in a research note on Thursday, August 27th. Wells Fargo & Company boosted their target price on shares of LTC Properties from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 1st. Weiss Ratings downgraded shares of LTC Properties from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, September 24th. Royal Bank Of Canada increased their price target on shares of LTC Properties from $45.00 to $52.00 and gave the stock an "outperform" rating in a research report on Friday, October 2nd. Finally, Nomura raised shares of LTC Properties to a "neutral" rating in a research note on Friday, August 14th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, LTC Properties presently has an average rating of "Moderate Buy" and an average target price of $46.50.

About LTC Properties

LTC Properties, Inc NYSE: LTC is a real estate investment trust that invests in healthcare-related properties. The company focuses primarily on senior housing and healthcare real estate, including assisted living, memory care, independent living and skilled nursing facilities.

LTC supports its portfolio through a range of investment structures, including property acquisitions, long-term leases, mortgage loans, mezzanine financing, preferred equity investments and joint ventures. Its properties are generally operated by third-party healthcare providers under lease or other investment arrangements.

Founded in 1992, LTC Properties serves markets across the United States.

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