Fox Run Management L.L.C. Makes New $856,000 Investment in LTC Properties, Inc. $LTC

Fox Run Management L.L.C. bought a new position in shares of LTC Properties, Inc. (NYSE:LTC) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 24,726 shares of the real estate investment trust’s stock, valued at approximately $856,000.

Other large investors have also recently made changes to their positions in the company. IFP Advisors Inc boosted its position in 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 buying an additional 296 shares during the last quarter. Anchor Investment Management LLC purchased a new position in shares of LTC Properties during the first quarter worth $60,000. Rossby Financial LCC lifted its position in LTC Properties by 45.6% during the second quarter. Rossby Financial LCC now owns 2,377 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 744 shares during the period. Montag A & Associates Inc. grew its position in LTC Properties by 72.5% during the 1st quarter. Montag A & Associates Inc. now owns 3,616 shares of the real estate investment trust’s stock worth $128,000 after purchasing an additional 1,520 shares during the period. Finally, AlphaQuest LLC raised its stake in shares of LTC Properties by 81.7% during the 1st quarter. AlphaQuest LLC now owns 4,282 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 1,925 shares during the last quarter. 69.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LTC shares. Cantor Fitzgerald began coverage on LTC Properties in a report on Wednesday, October 1st. They set a “neutral” rating and a $38.00 target price on the stock. JMP Securities reissued a “market outperform” rating and issued a $43.00 price objective on shares of LTC Properties in a report on Friday, October 17th. Royal Bank Of Canada upped their target price on LTC Properties from $36.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. Weiss Ratings restated a “hold (c+)” rating on shares of LTC Properties in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company cut their price objective on 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. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.60.

LTC Properties Trading Up 1.0%

Shares of LTC stock opened at $35.88 on Monday. LTC Properties, Inc. has a 1-year low of $31.70 and a 1-year high of $39.89. The firm has a market cap of $1.71 billion, a PE ratio of 19.71 and a beta of 0.67. The company has a 50-day moving average of $35.63 and a two-hundred day moving average of $35.46. The company has a debt-to-equity ratio of 0.67, a current ratio of 9.06 and a quick ratio of 9.06.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The business had revenue of $27.84 million for the quarter, compared to the consensus estimate of $65.94 million. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. The business’s revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS. LTC Properties has set its FY 2025 guidance at 2.690-2.710 EPS. On average, analysts predict that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Dividend Announcement

The firm also recently declared a dec 25 dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 23rd. This represents a yield of 615.0%. LTC Properties’s dividend payout ratio is 316.67%.

Insiders Place Their Bets

In other LTC Properties news, Director David L. Gruber bought 1,000 shares of LTC Properties stock in a transaction on Friday, November 7th. The shares were bought at an average cost of $35.94 per share, for a total transaction of $35,940.00. Following the acquisition, the director directly owned 29,834 shares in the company, valued at $1,072,233.96. This represents a 3.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is currently owned by insiders.

About LTC Properties

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.