LTC Properties, Inc. $LTC Shares Purchased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in LTC Properties by 27.3%, owning 143,576 shares valued at approximately $5 million as of the latest SEC filing.
• LTC Properties announced a dividend payout of $0.19 per share, with a dividend yield of 642.0%, and a payout ratio of 125.27%.
• The company's latest earnings report showed an EPS of $0.68, beating analyst expectations and reflecting a 20.2% year-over-year increase in revenue.

Public Sector Pension Investment Board raised its holdings in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 27.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,576 shares of the real estate investment trust's stock after purchasing an additional 30,817 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.31% of LTC Properties worth $5,090,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of LTC Properties by 3.5% in the first quarter. Principal Financial Group Inc. now owns 255,309 shares of the real estate investment trust's stock worth $9,051,000 after purchasing an additional 8,646 shares during the period. Jupiter Asset Management Ltd. bought a new stake in LTC Properties in the first quarter worth approximately $9,358,000. Cambridge Investment Research Advisors Inc. bought a new stake in LTC Properties in the first quarter worth approximately $200,000. Tidal Investments LLC bought a new stake in shares of LTC Properties during the fourth quarter valued at approximately $294,000. Finally, Asset Management One Co. Ltd. increased its holdings in shares of LTC Properties by 7.5% during the first quarter. Asset Management One Co. Ltd. now owns 124,312 shares of the real estate investment trust's stock valued at $4,407,000 after acquiring an additional 8,651 shares in the last quarter. Institutional investors own 69.25% of the company's stock.

Insider Activity

In other news, EVP David M. Boitano acquired 6,000 shares of the company's stock in a transaction on Friday, June 27th. The shares were bought at an average price of $34.71 per share, with a total value of $208,260.00. Following the completion of the acquisition, the executive vice president owned 15,626 shares in the company, valued at $542,378.46. This trade represents a 62.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LTC. Royal Bank Of Canada upped their price target on LTC Properties from $36.00 to $37.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. JMP Securities upped their target price on LTC Properties from $40.00 to $43.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. Finally, Wedbush raised shares of LTC Properties to a "strong-buy" rating in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $39.00.

LTC Properties Trading Up 1.5%

Shares of LTC stock traded up $0.53 during trading on Friday, hitting $37.06. 128,547 shares of the stock traded hands, compared to its average volume of 348,730. The company has a debt-to-equity ratio of 0.67, a current ratio of 9.06 and a quick ratio of 9.06. The firm's fifty day moving average price is $35.19 and its 200-day moving average price is $35.13. LTC Properties, Inc. has a 52-week low of $31.70 and a 52-week high of $39.89. The firm has a market capitalization of $1.71 billion, a P/E ratio of 20.36 and a beta of 0.66.

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 the consensus estimate of $0.67 by $0.01. The business had revenue of $30.18 million for the quarter, compared to analysts' expectations of $49.97 million. LTC Properties had a return on equity of 7.95% and a net margin of 38.24%.The company's revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period last year, the firm earned $0.45 earnings per share. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. As a group, research analysts forecast that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 22nd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a dividend yield of 642.0%. 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.