Quantbot Technologies LP Purchases Shares of 29,341 LTC Properties, Inc. $LTC

Quantbot Technologies LP purchased a new stake in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 29,341 shares of the real estate investment trust's stock, valued at approximately $1,128,000. Quantbot Technologies LP owned about 0.05% of LTC Properties at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of LTC. Optiver Holding B.V. raised its stake in LTC Properties by 153.1% in the first quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 467 shares in the last quarter. Farther Finance Advisors LLC grew its stake in LTC Properties by 187.5% in the 4th quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust's stock worth $31,000 after buying an additional 587 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of LTC Properties by 33.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust's stock worth $46,000 after buying an additional 340 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of LTC Properties by 27.7% in the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust's stock worth $55,000 after buying an additional 348 shares during the last quarter. Finally, KBC Group NV purchased a new stake in shares of LTC Properties during the 1st quarter valued at $78,000. Hedge funds and other institutional investors own 69.25% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LTC shares. Royal Bank Of Canada raised shares of LTC Properties from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $41.00 to $45.00 in a report on Friday, August 14th. Nomura raised LTC Properties to a "neutral" rating in a research note on Friday, August 14th. Citigroup restated a "market outperform" rating on shares of LTC Properties in a research report on Wednesday, June 10th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of LTC Properties in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company upped their price objective on LTC Properties from $39.00 to $40.00 and gave the stock an "equal weight" rating in a report on Monday, June 1st. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, LTC Properties has an average rating of "Moderate Buy" and a consensus target price of $41.40.

Insider Transactions at LTC Properties

In related news, Director David L. Gruber purchased 3,500 shares of LTC Properties stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $38.30 per share, for a total transaction of $134,050.00. Following the transaction, the director directly owned 47,545 shares in the company, valued at $1,820,973.50. The trade was a 7.95% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy Triche sold 3,125 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 37,786 shares in the company, valued at approximately $1,494,058.44. The trade was a 7.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have purchased 14,000 shares of company stock worth $500,900. Company insiders own 2.20% of the company's stock.

LTC Properties Trading Up 0.7%

Shares of LTC opened at $40.69 on Wednesday. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 15.02 and a beta of 0.56. 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 fifty-two week low of $33.64 and a fifty-two week high of $43.00. The firm has a 50 day moving average price of $39.64 and a 200-day moving average price of $38.75.

LTC Properties (NYSE:LTC - Get Free Report) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. The company had revenue of $98.08 million for the quarter, compared to analyst estimates of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The firm's quarterly revenue was up 63.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, equities research analysts forecast that LTC Properties, Inc. will post 2.77 earnings per share for the current year.

LTC Properties Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 5.6%. LTC Properties's payout ratio is currently 84.13%.

LTC Properties Company Profile

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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