Charles Schwab Investment Management Inc. Decreases Stock Holdings in LTC Properties, Inc. $LTC

Charles Schwab Investment Management Inc. reduced its stake in shares of LTC Properties, Inc. (NYSE:LTC) by 4.3% in the fourth quarter, HoldingsChannel reports. The firm owned 914,294 shares of the real estate investment trust’s stock after selling 41,195 shares during the period. Charles Schwab Investment Management Inc.’s holdings in LTC Properties were worth $31,433,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LTC. Jones Financial Companies Lllp lifted its stake in shares of LTC Properties by 75.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 300 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of LTC Properties by 187.5% during the 4th 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. Aster Capital Management DIFC Ltd purchased a new stake in shares of LTC Properties during the 3rd quarter worth $41,000. Hantz Financial Services Inc. lifted its stake in shares of LTC Properties by 701.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,258 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,101 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of LTC Properties by 33.8% during the 4th 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. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at LTC Properties

In related news, Director David L. Gruber acquired 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average cost of $38.00 per share, with a total value of $266,000.00. Following the transaction, the director directly owned 36,931 shares of the company’s stock, valued at $1,403,378. This trade represents a 23.39% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LTC has been the subject of a number of analyst reports. Cantor Fitzgerald decreased their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Wells Fargo & Company upped their price objective on 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 LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada upped their price objective on LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.40.

LTC Properties Stock Performance

Shares of LTC Properties stock opened at $37.90 on Friday. The firm has a market capitalization of $1.94 billion, a P/E ratio of 15.35 and a beta of 0.59. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 0.73. The company has a 50 day moving average price of $38.42 and a 200 day moving average price of $37.05. LTC Properties, Inc. has a 52 week low of $33.64 and a 52 week high of $40.80.

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 the consensus estimate of $0.52 by $0.17. The firm had revenue of $94.41 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Sell-side analysts expect that LTC Properties, Inc. will post 2.77 EPS for the current year.

LTC Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be given a $0.19 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, June 22nd. LTC Properties’s dividend payout ratio (DPR) 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.