LTC Properties, Inc. $LTC Shares Purchased by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in LTC Properties, Inc. (NYSE:LTC) by 10.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,760 shares of the real estate investment trust’s stock after purchasing an additional 3,332 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in LTC Properties were worth $1,238,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in LTC Properties by 3.5% in the first quarter. Principal Financial Group Inc. now owns 255,309 shares of the real estate investment trust’s stock worth $9,051,000 after purchasing an additional 8,646 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of LTC Properties during the 1st quarter valued at $9,358,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of LTC Properties during the 1st quarter valued at $200,000. Charles Schwab Investment Management Inc. lifted its position in shares of LTC Properties by 15.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 949,322 shares of the real estate investment trust’s stock valued at $33,653,000 after acquiring an additional 126,598 shares during the last quarter. Finally, Aurora Private Wealth Inc. acquired a new stake in shares of LTC Properties during the 1st quarter valued at $1,022,000. 69.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JMP Securities reiterated a “market outperform” rating and set a $43.00 price objective on shares of LTC Properties in a research report on Friday, October 17th. BMO Capital Markets upgraded LTC Properties from an “underperform” rating to a “market perform” rating and set a $39.00 price objective for the company in a research report on Wednesday, September 24th. Wedbush upgraded LTC Properties to a “strong-buy” rating in a research report on Wednesday, July 2nd. Cantor Fitzgerald assumed coverage on LTC Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $38.00 price objective for the company. Finally, Royal Bank Of Canada increased their price objective on LTC Properties from $36.00 to $37.00 and gave the company a “sector perform” rating in a research report on Friday, August 8th. Two investment 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 data from MarketBeat, LTC Properties presently has an average rating of “Moderate Buy” and a consensus target price of $38.60.

LTC Properties Price Performance

LTC opened at $35.21 on Wednesday. The stock has a fifty day moving average of $35.80 and a 200-day moving average of $35.45. The firm has a market capitalization of $1.62 billion, a P/E ratio of 19.34 and a beta of 0.68. LTC Properties, Inc. has a 12-month low of $31.70 and a 12-month high of $39.89. The company has a quick ratio of 9.06, a current ratio of 9.06 and a debt-to-equity ratio of 0.67.

LTC Properties (NYSE:LTC) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $30.18 million during the quarter, compared to analyst estimates of $49.97 million. LTC Properties had a return on equity of 7.95% and a net margin of 38.24%.The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 earnings per share. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. Equities analysts forecast that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Announces Dividend

The firm also recently announced a dec 25 dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd will be issued a $0.19 dividend. The ex-dividend date is Tuesday, December 23rd. This represents a dividend yield of 615.0%. LTC Properties’s dividend payout ratio is presently 125.27%.

LTC Properties Profile

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.