Entropy Technologies LP Buys New Position in LTC Properties, Inc. $LTC

Entropy Technologies LP bought a new stake in LTC Properties, Inc. (NYSE:LTC) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 13,769 shares of the real estate investment trust’s stock, valued at approximately $512,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its stake in LTC Properties by 177.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 323,798 shares of the real estate investment trust’s stock worth $11,132,000 after purchasing an additional 207,043 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of LTC Properties in the fourth quarter valued at approximately $6,556,000. Millennium Management LLC grew its holdings in shares of LTC Properties by 74.1% in the third quarter. Millennium Management LLC now owns 442,930 shares of the real estate investment trust’s stock valued at $16,326,000 after purchasing an additional 188,447 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of LTC Properties by 47.4% in the third quarter. Two Sigma Investments LP now owns 483,004 shares of the real estate investment trust’s stock valued at $17,804,000 after purchasing an additional 155,226 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in LTC Properties by 68.3% during the 4th quarter. JPMorgan Chase & Co. now owns 354,226 shares of the real estate investment trust’s stock worth $12,178,000 after buying an additional 143,729 shares during the period. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LTC has been the topic of a number of research reports. Wells Fargo & Company increased their target price on shares of LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. 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 report on Monday, May 11th. Citigroup restated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Finally, Weiss Ratings raised LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $40.60.

Insider Activity at LTC Properties

In other LTC Properties news, Director David L. Gruber purchased 4,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of $38.41 per share, for a total transaction of $153,640.00. Following the completion of the purchase, the director directly owned 44,045 shares in the company, valued at approximately $1,691,768.45. This represents a 9.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Timothy Triche sold 3,125 shares of LTC Properties stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $39.54, for a total value of $123,562.50. Following the sale, the director directly owned 37,786 shares of the company’s stock, valued at $1,494,058.44. This trade represents a 7.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.20% of the stock is currently owned by corporate insiders.

LTC Properties Trading Down 0.6%

NYSE LTC opened at $41.66 on Thursday. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 0.73. LTC Properties, Inc. has a 52 week low of $33.64 and a 52 week high of $43.00. The stock has a market capitalization of $2.13 billion, a PE ratio of 16.86 and a beta of 0.57. The firm has a 50 day moving average of $38.60 and a two-hundred day moving average of $38.30.

LTC Properties (NYSE:LTC) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The company had revenue of $94.41 million for the quarter, compared to the consensus estimate of $72.98 million. During the same period in the prior year, the firm posted $0.65 EPS. The company’s quarterly revenue was up 94.7% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. As a group, research analysts expect that LTC Properties, Inc. will post 2.8 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. LTC Properties’s payout ratio is presently 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.