The Manufacturers Life Insurance Company Acquires Shares of 23,899 LTC Properties, Inc. $LTC

The Manufacturers Life Insurance Company acquired a new stake in LTC Properties, Inc. (NYSE:LTC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 23,899 shares of the real estate investment trust’s stock, valued at approximately $919,000.

A number of other hedge funds have also recently modified their holdings of the stock. Keudell Morrison Wealth Management acquired a new position in LTC Properties in the fourth quarter valued at approximately $1,365,000. Vanguard Group Inc. grew its stake in shares of LTC Properties by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust’s stock worth $248,843,000 after purchasing an additional 125,889 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of LTC Properties during the 4th quarter worth approximately $6,556,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of LTC Properties during the 2nd quarter valued at approximately $1,194,000. Finally, Legal & General Group Plc increased its holdings in shares of LTC Properties by 16.8% during the 4th quarter. Legal & General Group Plc now owns 317,709 shares of the real estate investment trust’s stock valued at $10,923,000 after purchasing an additional 45,627 shares in the last quarter. Hedge funds and other institutional investors own 69.25% of the company’s stock.

LTC Properties Trading Down 1.5%

Shares of NYSE:LTC opened at $41.29 on Friday. LTC Properties, Inc. has a 1 year low of $33.64 and a 1 year high of $43.00. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 15.24 and a beta of 0.58. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60. The business’s 50 day moving average price is $40.25 and its 200-day moving average price is $38.90.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The firm had revenue of $98.08 million for the quarter, compared to analysts’ expectations of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The firm’s revenue for the quarter was up 63.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 EPS. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. On average, equities research analysts forecast that LTC Properties, Inc. will post 2.78 earnings per share for the current fiscal 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 is Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 5.5%. LTC Properties’s dividend payout ratio (DPR) is 84.13%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LTC shares. Citigroup reissued a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Cantor Fitzgerald cut their price objective on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of LTC Properties in a research report on Wednesday, August 5th. Wells Fargo & Company upped their price objective on shares of LTC Properties from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Royal Bank Of Canada raised shares of LTC Properties from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $41.00 to $45.00 in a research note on Friday, August 14th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $44.00.

Insider Transactions at LTC Properties

In other news, Director Timothy Triche sold 3,125 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $39.54, for a total transaction of $123,562.50. Following the completion of the sale, the director owned 37,786 shares of the company’s stock, valued at $1,494,058.44. The trade was a 7.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Gruber purchased 3,500 shares of LTC Properties stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $38.30 per share, with a total value of $134,050.00. Following the transaction, the director owned 47,545 shares in the company, valued at approximately $1,820,973.50. The trade was a 7.95% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.20% of the stock is owned by insiders.

LTC Properties Company Profile

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.