Keudell Morrison Wealth Management Takes $1.37 Million Position in LTC Properties, Inc. $LTC

Keudell Morrison Wealth Management acquired a new stake in LTC Properties, Inc. (NYSE:LTC) in the 4th quarter, Holdings Channel reports. The firm acquired 39,689 shares of the real estate investment trust’s stock, valued at approximately $1,365,000.

Other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp increased its stake in shares of LTC Properties by 75.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 300 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of LTC Properties by 187.5% in the 4th quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 587 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of LTC Properties in the 3rd quarter valued at $41,000. Hantz Financial Services Inc. increased its stake in shares of LTC Properties by 701.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,258 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,101 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of LTC Properties by 33.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 340 shares in the last quarter. Institutional investors own 69.25% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

LTC has been the subject of several research analyst reports. 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 note on Monday, May 11th. Royal Bank Of Canada upped their price objective on shares of LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a report on Friday, March 20th. Wells Fargo & Company upped their price objective on shares of LTC Properties from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, March 26th. Finally, Weiss Ratings upgraded shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.40.

LTC Properties Price Performance

LTC opened at $38.61 on Friday. The firm has a market cap of $1.98 billion, a P/E ratio of 15.63 and a beta of 0.59. LTC Properties, Inc. has a fifty-two week low of $33.64 and a fifty-two week high of $40.80. The company has a debt-to-equity ratio of 0.73, a quick ratio of 9.20 and a current ratio of 9.20. The firm has a 50-day moving average of $38.43 and a 200 day moving average of $37.16.

LTC Properties (NYSE:LTC) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.52 by $0.17. The business had revenue of $94.41 million for 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%. The company’s revenue was up 94.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. On average, research analysts expect that LTC Properties, Inc. will post 2.77 EPS for the current year.

LTC Properties Announces Dividend

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

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.