VIRGINIA RETIREMENT SYSTEMS ET Al Has $4.44 Million Stake in LTC Properties, Inc. $LTC

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of LTC Properties, Inc. (NYSE:LTC) by 178.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,100 shares of the real estate investment trust’s stock after buying an additional 82,700 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in LTC Properties were worth $4,438,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its stake in LTC Properties by 75.0% during the third quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 300 shares in the last quarter. Farther Finance Advisors LLC grew its stake in LTC Properties by 187.5% during the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 587 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in LTC Properties during the third quarter worth about $41,000. Hantz Financial Services Inc. grew its stake in LTC Properties by 701.3% during the third quarter. Hantz Financial Services Inc. now owns 1,258 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,101 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in LTC Properties by 33.8% during 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 buying an additional 340 shares in the last quarter. 69.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on LTC. Wells Fargo & Company increased their price objective on shares of LTC Properties from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 26th. Weiss Ratings upgraded shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Royal Bank Of Canada raised their price target on shares of LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a research note on Friday, March 20th. 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 note on Monday. One research 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.40.

Insider Transactions at LTC Properties

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

LTC Properties Trading Down 0.7%

LTC opened at $38.37 on Friday. The company’s 50 day moving average is $38.44 and its 200-day moving average is $37.04. LTC Properties, Inc. has a 1-year low of $33.64 and a 1-year high of $40.80. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.96 billion, a P/E ratio of 15.53 and a beta of 0.59.

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, 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 last year, the company posted $0.65 EPS. The firm’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. Equities research analysts predict that LTC Properties, Inc. will post 2.77 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 Tuesday, June 30th. Investors of record on Monday, June 22nd will be issued a $0.19 dividend. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Monday, June 22nd. LTC Properties’s dividend payout ratio (DPR) 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.