M&T Bank Corp Buys Shares of 55,709 LTC Properties, Inc. $LTC

Key Points

• M&T Bank bought a new stake of 55,709 shares in LTC (~$1.915M), and several other institutions increased positions while director David L. Gruber purchased 7,000 shares, signaling notable institutional and insider buying.
• Big earnings beat and guidance: LTC reported Q results of $2.09 EPS versus $0.68 expected with revenue up 60.3% year‑over‑year, and set FY2026 guidance of $2.750–2.790 EPS (analysts expect ~2.8 EPS).
• Attractive yield but high payout: LTC declared a monthly $0.19 dividend (payable June 30) implying a ~5.9% yield, though the dividend payout ratio is roughly 93.4%.

M&T Bank Corp bought a new stake in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 55,709 shares of the real estate investment trust's stock, valued at approximately $1,915,000. M&T Bank Corp owned about 0.12% of LTC Properties at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in LTC Properties by 8.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,754 shares of the real estate investment trust's stock valued at $920,000 after buying an additional 2,170 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in LTC Properties by 33.8% during the fourth 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 buying an additional 340 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in LTC Properties by 187.5% during the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 587 shares during the last quarter. Assetmark Inc. increased its holdings in LTC Properties by 8.1% during the fourth quarter. Assetmark Inc. now owns 18,667 shares of the real estate investment trust's stock valued at $642,000 after buying an additional 1,401 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in LTC Properties by 17.0% during the fourth quarter. State of Alaska Department of Revenue now owns 55,669 shares of the real estate investment trust's stock valued at $1,912,000 after buying an additional 8,086 shares during the last quarter. 69.25% of the stock is owned by hedge funds and other institutional investors.

LTC Properties Stock Performance

Shares of NYSE LTC opened at $38.45 on Wednesday. The firm has a fifty day moving average price of $38.63 and a 200-day moving average price of $36.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 8.04 and a quick ratio of 8.04. The stock has a market cap of $1.90 billion, a PE ratio of 15.76 and a beta of 0.61. LTC Properties, Inc. has a 1 year low of $33.64 and a 1 year high of $40.80.

LTC Properties (NYSE:LTC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $1.41. The firm had revenue of $82.11 million during the quarter, compared to analysts' expectations of $84.23 million. LTC Properties had a net margin of 44.82% and a return on equity of 10.95%. The company's revenue for the quarter was up 60.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 earnings per share. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS and its Q1 2026 guidance at 0.660-0.680 EPS. Equities analysts anticipate that LTC Properties, Inc. will post 2.8 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. LTC Properties's dividend payout ratio is 93.44%.

Insider Buying and Selling at LTC Properties

In related news, Director David L. Gruber bought 7,000 shares of the company's stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average price of $38.00 per share, for a total transaction of $266,000.00. Following the completion of the transaction, the director owned 36,931 shares in the company, valued at $1,403,378. The trade was a 23.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Weiss Ratings raised shares of LTC Properties from a "hold (c)" rating to a "buy (b-)" rating in a report on Friday, February 27th. Royal Bank Of Canada upped their target price on shares of LTC Properties from $38.00 to $41.00 and gave the company a "sector perform" rating in a report on Friday, March 20th. Wells Fargo & Company upped their target price on shares of LTC Properties from $37.00 to $39.00 and gave the company an "equal weight" rating in a report on Thursday, March 26th. Finally, Cantor Fitzgerald set a $36.00 target price on shares of LTC Properties in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, LTC Properties currently has an average rating of "Moderate Buy" and an average target price of $39.60.

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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