UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 254,633 Shares of LTC Properties, Inc. $LTC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in LTC Properties, Inc. (NYSE:LTC) by 15,156.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 256,313 shares of the real estate investment trust’s stock after purchasing an additional 254,633 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.48% of LTC Properties worth $9,855,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Optiver Holding B.V. raised its holdings in shares of LTC Properties by 153.1% during the 1st quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 467 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in LTC Properties by 187.5% in the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 587 shares in the last quarter. Hantz Financial Services Inc. grew its position in LTC Properties by 27.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 348 shares during the last quarter. KBC Group NV bought a new position in LTC Properties in the first quarter valued at about $78,000. Finally, Global Retirement Partners LLC bought a new position in LTC Properties in the fourth quarter valued at about $80,000. Institutional investors own 69.25% of the company’s stock.

Insider Activity at LTC Properties

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on LTC. Wells Fargo & Company boosted their target price on LTC Properties from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of LTC Properties in a report on Wednesday, August 5th. Royal Bank Of Canada raised shares of LTC Properties from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $41.00 to $45.00 in a report on Friday, August 14th. Cantor Fitzgerald lowered their price objective 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Thursday, August 27th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

LTC Properties Price Performance

Shares of LTC opened at $41.29 on Monday. LTC Properties, Inc. has a 12-month low of $33.64 and a 12-month high of $43.00. The business has a 50-day simple moving average of $40.25 and a two-hundred day simple moving average of $38.90. The company has a quick ratio of 8.60, a current ratio of 8.60 and a debt-to-equity ratio of 0.58. The stock has a market cap of $2.23 billion, a PE ratio of 15.24 and a beta of 0.58.

LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 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 analyst estimates of $79.01 million. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.The business’s revenue for the quarter was up 63.6% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Analysts anticipate that LTC Properties, Inc. will post 2.78 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be issued a $0.19 dividend. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Tuesday, September 22nd. LTC Properties’s dividend payout ratio (DPR) is 84.13%.

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.