Edgestream Partners L.P. Reduces Stock Holdings in LTC Properties, Inc. $LTC

Edgestream Partners L.P. lessened its stake in LTC Properties, Inc. (NYSE:LTC) by 37.7% in the first quarter, Holdings Channel reports. The fund owned 192,758 shares of the real estate investment trust’s stock after selling 116,775 shares during the quarter. Edgestream Partners L.P.’s holdings in LTC Properties were worth $7,163,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of LTC. Keudell Morrison Wealth Management bought a new position in shares of LTC Properties during the 4th quarter valued at $1,365,000. Vanguard Group Inc. lifted its stake in LTC Properties by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust’s stock worth $248,843,000 after purchasing an additional 125,889 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in LTC Properties in the fourth quarter worth $6,556,000. UBS Group AG boosted its position in LTC Properties by 140.3% during the fourth quarter. UBS Group AG now owns 238,226 shares of the real estate investment trust’s stock valued at $8,190,000 after buying an additional 139,078 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in LTC Properties by 178.2% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 129,100 shares of the real estate investment trust’s stock valued at $4,438,000 after buying an additional 82,700 shares during the period. Institutional investors and hedge funds own 69.25% of the company’s stock.

Insider Buying and Selling at LTC Properties

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LTC. Cantor Fitzgerald reduced their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Citigroup restated a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Wells Fargo & Company raised their price target on LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Finally, Weiss Ratings raised LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $40.60.

LTC Properties Price Performance

Shares of LTC Properties stock opened at $40.26 on Friday. The company’s fifty day simple moving average is $38.64 and its two-hundred day simple moving average is $38.33. LTC Properties, Inc. has a 12-month low of $33.64 and a 12-month high of $43.00. The firm has a market cap of $2.06 billion, a PE ratio of 16.30 and a beta of 0.57. 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 (NYSE:LTC) last issued 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 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 quarterly revenue was up 94.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. As a group, equities analysts expect that LTC Properties, Inc. will post 2.8 EPS for the current year.

LTC Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be issued a dividend of $0.19 per share. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Tuesday, September 22nd. LTC Properties’s payout ratio is currently 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.