Hsbc Holdings PLC Boosts Position in LTC Properties, Inc. $LTC

Hsbc Holdings PLC lifted its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 51.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 92,088 shares of the real estate investment trust’s stock after purchasing an additional 31,361 shares during the period. Hsbc Holdings PLC’s holdings in LTC Properties were worth $3,165,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in LTC Properties by 187.5% during the 4th quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 587 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of LTC Properties in the 3rd quarter worth about $41,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of LTC Properties by 33.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 340 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of LTC Properties by 27.7% during the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 348 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of LTC Properties during the fourth quarter valued at about $80,000. Institutional investors own 69.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LTC shares. Cantor Fitzgerald decreased their price target on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Weiss Ratings upgraded LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Royal Bank Of Canada increased their target price on LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Friday, March 20th. Wells Fargo & Company raised their target price on LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Finally, Citigroup restated a “market outperform” rating on shares of LTC Properties in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $40.60.

Insider Buying and Selling at LTC Properties

In related news, EVP David M. Boitano purchased 10,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was purchased at an average price of $34.77 per share, with a total value of $347,700.00. Following the transaction, the executive vice president directly owned 46,160 shares in the company, valued at $1,604,983.20. This trade represents a 27.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David L. Gruber purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of $38.41 per share, for a total transaction of $153,640.00. Following the purchase, the director owned 44,045 shares in the company, valued at $1,691,768.45. This represents a 9.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.20% of the stock is owned by company insiders.

LTC Properties Stock Performance

Shares of LTC opened at $38.52 on Monday. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 0.73. The stock has a market cap of $1.97 billion, a P/E ratio of 15.60 and a beta of 0.57. The business’s 50 day moving average price is $37.75 and its 200-day moving average price is $37.37. LTC Properties, Inc. has a 52 week low of $33.64 and a 52 week high of $40.80.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. The company had revenue of $94.41 million during the quarter, compared to analyst estimates of $72.98 million. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The firm’s revenue for the quarter was up 94.7% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Equities research analysts anticipate that LTC Properties, Inc. will post 2.77 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be issued a dividend of $0.19 per share. The ex-dividend date is Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 5.9%. LTC Properties’s dividend payout ratio (DPR) is presently 92.31%.

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.