190,695 Shares in LTC Properties, Inc. $LTC Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in LTC Properties, Inc. (NYSE:LTC) during the 4th quarter, Holdings Channel reports. The fund bought 190,695 shares of the real estate investment trust’s stock, valued at approximately $6,556,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Handelsbanken Fonder AB grew its position in LTC Properties by 3.1% in the 4th quarter. Handelsbanken Fonder AB now owns 26,230 shares of the real estate investment trust’s stock worth $902,000 after purchasing an additional 800 shares during the last quarter. ProShare Advisors LLC grew its position in LTC Properties by 3.4% in the 4th quarter. ProShare Advisors LLC now owns 8,874 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 291 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in LTC Properties by 5.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,938 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 600 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in LTC Properties by 178.2% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 129,100 shares of the real estate investment trust’s stock worth $4,438,000 after purchasing an additional 82,700 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in LTC Properties by 9.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,507 shares of the real estate investment trust’s stock worth $1,300,000 after purchasing an additional 3,160 shares during the last quarter. 69.25% of the stock is currently owned by institutional investors and hedge funds.

LTC Properties Price Performance

Shares of LTC stock opened at $38.61 on Wednesday. LTC Properties, Inc. has a 1 year low of $33.64 and a 1 year high of $40.80. The firm’s 50 day moving average is $38.43 and its 200-day moving average is $37.11. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 15.63 and a beta of 0.59. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73.

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

LTC Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on LTC shares. Wells Fargo & Company raised their price target on shares of LTC Properties from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 26th. Royal Bank Of Canada raised their price target on shares of LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Friday, March 20th. Weiss Ratings raised shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Finally, Cantor Fitzgerald reduced their price target on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, LTC Properties presently has an average rating of “Moderate Buy” and a consensus price target of $40.40.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, Director David L. Gruber purchased 7,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was acquired at an average cost of $38.00 per share, with a total value of $266,000.00. Following the completion of the purchase, the director directly owned 36,931 shares in the company, valued at approximately $1,403,378. This represents a 23.39% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.

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.