Vanguard Group Inc. Has $248.18 Million Position in LTC Properties, Inc. $LTC

Key Points

• Vanguard Group Inc. increased its stake in LTC Properties, owning approximately 15.26% of the company worth $248 million after acquiring an additional 39,833 shares in Q1.
• LTC Properties recently declared a dividend of $0.19 per share with a payout ratio of 125.27%, indicating a substantial return for investors.
• Analysts have generally positive forecasts for LTC Properties, with a consensus rating of "Buy" and a price target increase from $36.00 to $39.00 by several firms.

Vanguard Group Inc. raised its position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,000,767 shares of the real estate investment trust's stock after buying an additional 39,833 shares during the period. Vanguard Group Inc. owned about 15.26% of LTC Properties worth $248,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Jupiter Asset Management Ltd. bought a new stake in LTC Properties during the 1st quarter worth approximately $9,358,000. Northern Trust Corp raised its position in LTC Properties by 20.9% in the 4th quarter. Northern Trust Corp now owns 599,573 shares of the real estate investment trust's stock valued at $20,715,000 after purchasing an additional 103,482 shares during the last quarter. GAMMA Investing LLC boosted its stake in LTC Properties by 3,445.0% in the first quarter. GAMMA Investing LLC now owns 86,604 shares of the real estate investment trust's stock worth $3,070,000 after purchasing an additional 84,161 shares in the last quarter. Bridgeway Capital Management LLC acquired a new position in LTC Properties in the fourth quarter worth $1,627,000. Finally, Edgestream Partners L.P. grew its holdings in shares of LTC Properties by 750.2% during the first quarter. Edgestream Partners L.P. now owns 52,805 shares of the real estate investment trust's stock worth $1,872,000 after purchasing an additional 46,594 shares during the last quarter. Institutional investors own 69.25% of the company's stock.

Insider Buying and Selling

In other LTC Properties news, EVP David M. Boitano bought 6,000 shares of the stock in a transaction on Friday, June 27th. The stock was purchased at an average price of $34.71 per share, with a total value of $208,260.00. Following the acquisition, the executive vice president owned 15,626 shares of the company's stock, valued at approximately $542,378.46. The trade was a 62.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.10% of the company's stock.

LTC Properties Trading Up 0.6%

LTC stock traded up $0.2260 during midday trading on Friday, reaching $36.7560. The stock had a trading volume of 477,849 shares, compared to its average volume of 393,789. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 20.20 and a beta of 0.66. LTC Properties, Inc. has a twelve month low of $31.70 and a twelve month high of $39.89. The company has a quick ratio of 9.06, a current ratio of 9.06 and a debt-to-equity ratio of 0.67. The business has a fifty day simple moving average of $35.23 and a two-hundred day simple moving average of $35.15.

LTC Properties (NYSE:LTC - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.01. The company had revenue of $30.18 million for the quarter, compared to the consensus estimate of $49.97 million. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. The company's revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. As a group, research analysts expect that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 22nd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a yield of 642.0%. LTC Properties's dividend payout ratio (DPR) is presently 125.27%.

Wall Street Analysts Forecast Growth

LTC has been the subject of a number of research analyst reports. JMP Securities lifted their price target on LTC Properties from $40.00 to $43.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Royal Bank Of Canada raised their price objective on shares of LTC Properties from $36.00 to $37.00 and gave the company a "sector perform" rating in a research report on Friday, August 8th. Finally, Wedbush upgraded 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 assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, LTC Properties currently has a consensus rating of "Buy" and a consensus target price of $39.00.

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.