Public Employees Retirement System of Ohio Has $2.02 Million Stock Holdings in LTC Properties, Inc. $LTC

Public Employees Retirement System of Ohio lifted its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 232.5% during the 1st quarter, Holdings Channel reports. The firm owned 54,420 shares of the real estate investment trust’s stock after purchasing an additional 38,054 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in LTC Properties were worth $2,022,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Inceptionr LLC bought a new stake in LTC Properties in the first quarter worth approximately $323,000. Sei Investments Co. boosted its holdings in shares of LTC Properties by 88.2% during the 1st quarter. Sei Investments Co. now owns 43,704 shares of the real estate investment trust’s stock worth $1,624,000 after buying an additional 20,478 shares in the last quarter. Cetera Investment Advisers grew its position in shares of LTC Properties by 8.1% during the 1st quarter. Cetera Investment Advisers now owns 36,432 shares of the real estate investment trust’s stock worth $1,354,000 after buying an additional 2,716 shares during the period. First Trust Advisors LP grew its position in shares of LTC Properties by 50.0% during the 1st quarter. First Trust Advisors LP now owns 73,692 shares of the real estate investment trust’s stock worth $2,738,000 after buying an additional 24,553 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of LTC Properties by 73.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,998 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 1,697 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on LTC. 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 report on Monday, June 1st. Weiss Ratings upgraded shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Cantor Fitzgerald decreased 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 note on Monday, May 11th. Finally, Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.60.

Insider Activity

In other LTC Properties news, EVP David M. Boitano bought 10,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were bought at an average price of $34.77 per share, for a total transaction of $347,700.00. Following the acquisition, the executive vice president directly owned 46,160 shares of the company’s stock, valued at approximately $1,604,983.20. The trade was a 27.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy Triche sold 3,125 shares of the firm’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 transaction, the director directly owned 37,786 shares in the company, valued at approximately $1,494,058.44. The trade was a 7.64% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.20% of the company’s stock.

LTC Properties Trading Down 0.1%

Shares of LTC Properties stock opened at $40.27 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 9.20 and a current ratio of 9.20. LTC Properties, Inc. has a 52 week low of $33.64 and a 52 week high of $43.00. The stock has a 50 day moving average price of $38.67 and a two-hundred day moving average price of $38.35. The stock has a market capitalization of $2.06 billion, a PE ratio of 16.30 and a beta of 0.57.

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 (EPS) for the quarter, beating the consensus estimate 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 was up 94.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. As a group, equities analysts anticipate that LTC Properties, Inc. will post 2.8 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. Stockholders of record on Tuesday, September 22nd will be issued a dividend of $0.19 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Tuesday, September 22nd. LTC Properties’s dividend payout ratio (DPR) is currently 92.31%.

LTC Properties 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.