Quantbot Technologies LP Purchases Shares of 29,341 LTC Properties, Inc. $LTC

Quantbot Technologies LP purchased a new position in LTC Properties, Inc. (NYSE:LTC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 29,341 shares of the real estate investment trust’s stock, valued at approximately $1,128,000.

A number of other hedge funds have also recently modified their holdings of the company. Optiver Holding B.V. raised its stake in shares of LTC Properties by 153.1% during the first quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 467 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of 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 worth $31,000 after purchasing an additional 587 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of LTC Properties by 33.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 340 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in LTC Properties by 27.7% during the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 348 shares during the period. Finally, KBC Group NV purchased a new position in LTC Properties during the 1st quarter valued at about $78,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of LTC Properties in a research report on Wednesday, August 5th. Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a research report on Wednesday, June 10th. Wells Fargo & Company boosted their target price on LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Nomura upgraded LTC Properties to a “neutral” rating in a report on Friday, August 14th. Finally, Royal Bank Of Canada raised LTC Properties from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $41.00 to $45.00 in a research note on Friday, August 14th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $41.40.

LTC Properties Price Performance

LTC stock opened at $40.69 on Wednesday. LTC Properties, Inc. has a 1 year low of $33.64 and a 1 year high of $43.00. The company has a market cap of $2.19 billion, a P/E ratio of 15.02 and a beta of 0.56. The firm has a 50-day moving average of $39.64 and a 200 day moving average of $38.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. The business had revenue of $98.08 million during the quarter, compared to analyst estimates of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. LTC Properties’s quarterly revenue was up 63.6% compared to the same quarter last year. During the same period last year, the business posted $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. On average, sell-side analysts forecast that LTC Properties, Inc. will post 2.77 EPS for the current year.

LTC Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be paid a $0.19 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Tuesday, September 22nd. LTC Properties’s dividend payout ratio (DPR) is presently 84.13%.

Insider Activity

In other news, Director David L. Gruber purchased 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $38.30 per share, for a total transaction of $134,050.00. Following the completion of the transaction, the director directly owned 47,545 shares of the company’s stock, valued at $1,820,973.50. This trade represents a 7.95% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Timothy Triche sold 3,125 shares of the company’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $39.54, for a total value of $123,562.50. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders bought a total of 14,000 shares of company stock worth $500,900 in the last quarter. 2.20% of the stock is owned by company 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.