Asset Management One Co. Ltd. Acquires 4,642 Shares of LTC Properties, Inc. $LTC

Asset Management One Co. Ltd. boosted its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,954 shares of the real estate investment trust’s stock after purchasing an additional 4,642 shares during the period. Asset Management One Co. Ltd.’s holdings in LTC Properties were worth $4,463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LTC. KBC Group NV bought a new position in LTC Properties during the first quarter worth about $33,000. Rossby Financial LCC bought a new position in LTC Properties during the first quarter worth about $58,000. Anchor Investment Management LLC bought a new position in shares of LTC Properties in the first quarter valued at approximately $60,000. IFP Advisors Inc raised its stake in shares of LTC Properties by 21.2% in the second quarter. IFP Advisors Inc now owns 1,691 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 296 shares during the last quarter. Finally, Elite Financial Inc. bought a new position in shares of LTC Properties in the first quarter valued at approximately $69,000. Institutional investors own 69.25% of the company’s stock.

LTC Properties Stock Performance

Shares of LTC Properties stock opened at $35.21 on Wednesday. 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 has a market cap of $1.62 billion, a P/E ratio of 19.34 and a beta of 0.68. The firm has a 50 day simple moving average of $35.80 and a 200 day simple moving average of $35.45. LTC Properties, Inc. has a fifty-two week low of $31.70 and a fifty-two week high of $39.89.

LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $30.18 million during the quarter, compared to analyst estimates of $49.97 million. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. LTC Properties’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. Sell-side analysts predict that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently declared a dec 25 dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a dividend yield of 615.0%. LTC Properties’s dividend payout ratio (DPR) is currently 125.27%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of LTC Properties from $36.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. Cantor Fitzgerald assumed coverage on shares of LTC Properties in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $38.00 target price for the company. Wells Fargo & Company cut their target price on shares of LTC Properties from $37.00 to $36.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. JMP Securities reiterated a “market outperform” rating and issued a $43.00 target price on shares of LTC Properties in a research note on Friday, October 17th. Finally, BMO Capital Markets upgraded shares of LTC Properties from an “underperform” rating to a “market perform” rating and set a $39.00 target price for the company in a research note on Wednesday, September 24th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.60.

LTC Properties 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.