Ascentis Independent Advisors Takes $591,000 Position in LTC Properties, Inc. $LTC

Ascentis Independent Advisors acquired a new position in shares of LTC Properties, Inc. (NYSE:LTC) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 15,906 shares of the real estate investment trust’s stock, valued at approximately $591,000.

A number of other institutional investors also recently bought and sold shares of LTC. ProShare Advisors LLC increased its position in shares of LTC Properties by 3.4% in the fourth quarter. ProShare Advisors LLC now owns 8,874 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 291 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in shares of LTC Properties by 5.0% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,028 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 336 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased 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 worth $46,000 after purchasing an additional 340 shares in the last quarter. Hantz Financial Services Inc. raised its position 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 worth $55,000 after purchasing an additional 348 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its position in shares of LTC Properties by 2.0% during the 4th quarter. Apollon Wealth Management LLC now owns 23,320 shares of the real estate investment trust’s stock worth $802,000 after purchasing an additional 453 shares during the last quarter. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

LTC Properties Stock Down 0.2%

LTC opened at $39.14 on Thursday. LTC Properties, Inc. has a 1 year low of $33.64 and a 1 year high of $40.80. The firm has a 50 day moving average price of $37.79 and a 200 day moving average price of $37.61. The company has a debt-to-equity ratio of 0.73, a quick ratio of 9.20 and a current ratio of 9.20. The company has a market cap of $2.00 billion, a PE ratio of 15.85 and a beta of 0.57.

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

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 5.8%. LTC Properties’s dividend payout ratio is presently 92.31%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Weiss Ratings upgraded LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note 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. Citigroup reaffirmed a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Finally, Cantor Fitzgerald dropped 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 report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, LTC Properties presently has an average rating of “Hold” and a consensus price target of $40.60.

Insider Activity

In other news, EVP David M. Boitano purchased 10,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was acquired at an average cost of $34.77 per share, with a total value of $347,700.00. Following the acquisition, the executive vice president owned 46,160 shares in the company, valued at approximately $1,604,983.20. This trade represents a 27.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David L. Gruber purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $38.41 per share, for a total transaction of $153,640.00. Following the purchase, the director directly owned 44,045 shares in the company, valued at $1,691,768.45. This trade represents a 9.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 2.20% of the company’s stock.

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.