Public Employees Retirement System of Ohio Invests $2.94 Million in LTC Properties, Inc. $LTC

Key Points

• Public Employees Retirement System of Ohio acquired 76,443 shares of LTC Properties worth approximately $2.94 million, giving it a 0.14% stake. Institutional investors and hedge funds collectively own 69.25% of the REIT.
• LTC Properties exceeded quarterly expectations with $0.56 in EPS versus a $0.48 estimate and $98.08 million in revenue, up 63.6% year over year. The company set fiscal 2026 EPS guidance at $2.76–$2.78.
• The REIT declared a monthly dividend of $0.19 per share, representing a 5.5% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $44.

Public Employees Retirement System of Ohio acquired a new stake in LTC Properties, Inc. (NYSE:LTC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 76,443 shares of the real estate investment trust's stock, valued at approximately $2,939,000. Public Employees Retirement System of Ohio owned 0.14% of LTC Properties as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LTC. Royal Bank of Canada boosted its stake in LTC Properties by 37.7% in the 1st quarter. Royal Bank of Canada now owns 21,344 shares of the real estate investment trust's stock worth $757,000 after buying an additional 5,840 shares during the last quarter. AQR Capital Management LLC increased its position in LTC Properties by 2.8% during the first quarter. AQR Capital Management LLC now owns 29,259 shares of the real estate investment trust's stock worth $1,037,000 after purchasing an additional 806 shares during the last quarter. Creative Planning increased its position in LTC Properties by 40.6% during the second quarter. Creative Planning now owns 11,198 shares of the real estate investment trust's stock worth $388,000 after purchasing an additional 3,235 shares during the last quarter. American Century Companies Inc. raised its stake in LTC Properties by 7.4% during the second quarter. American Century Companies Inc. now owns 18,865 shares of the real estate investment trust's stock worth $653,000 after purchasing an additional 1,294 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of LTC Properties by 61.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,667 shares of the real estate investment trust's stock valued at $404,000 after purchasing an additional 4,447 shares during the last quarter. 69.25% of the stock is currently owned by institutional investors and hedge funds.

LTC Properties Price Performance

LTC stock opened at $41.29 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 8.60 and a current ratio of 8.60. LTC Properties, Inc. has a 1 year low of $33.64 and a 1 year high of $43.00. The firm has a market cap of $2.23 billion, a P/E ratio of 15.24 and a beta of 0.58. The stock has a 50-day simple moving average of $40.25 and a 200-day simple moving average of $38.90.

LTC Properties (NYSE:LTC - Get Free Report) last released its quarterly 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 return on equity of 11.42% and a net margin of 38.84%.The firm had revenue of $98.08 million for the quarter, compared to analyst estimates of $79.01 million. During the same period in the previous year, the company posted $0.68 EPS. LTC Properties'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, equities analysts predict that LTC Properties, Inc. will post 2.78 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 5.5%. LTC Properties's payout ratio is 84.13%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LTC. Wells Fargo & Company upped their price objective on LTC Properties from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Tuesday. Citigroup restated a "market outperform" rating on shares of LTC Properties in a research note on Wednesday, June 10th. Weiss Ratings restated a "buy (b)" rating on shares of LTC Properties in a report on Wednesday, August 5th. Cantor Fitzgerald reduced their price objective on LTC Properties from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of LTC Properties from a "hold" rating to a "buy" rating and set a $55.00 target price for the company in a research report on Thursday, August 27th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, LTC Properties currently has an average rating of "Moderate Buy" and an average price target of $44.00.

Insiders Place Their Bets

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