Capital Square LLC Makes New Investment in LTC Properties, Inc. $LTC

Capital Square LLC bought a new position in shares of LTC Properties, Inc. (NYSE:LTC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 31,941 shares of the real estate investment trust’s stock, valued at approximately $1,241,000.

Several other institutional investors also recently made changes to their positions in LTC. BlackRock Inc. purchased a new position in shares of LTC Properties in the 2nd quarter valued at about $345,915,000. Vanguard Group Inc. grew its position in LTC Properties by 1.8% during 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 buying an additional 125,889 shares during the period. State Street Corp increased its holdings in LTC Properties by 2.0% in the second quarter. State Street Corp now owns 3,163,763 shares of the real estate investment trust’s stock valued at $109,498,000 after buying an additional 61,678 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of LTC Properties by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,266,992 shares of the real estate investment trust’s stock valued at $43,566,000 after acquiring an additional 12,547 shares during the period. Finally, Advisors Capital Management LLC purchased a new stake in shares of LTC Properties during the 2nd quarter worth approximately $31,148,000. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

LTC Properties Price Performance

NYSE:LTC opened at $40.36 on Monday. 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 $2.18 billion, a price-to-earnings ratio of 14.89 and a beta of 0.56. The company’s 50-day moving average is $39.48 and its two-hundred day moving average is $38.70. The company has a current ratio of 8.60, a quick ratio of 8.60 and a debt-to-equity ratio of 0.58.

LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. The business had revenue of $98.08 million during the quarter, compared to the consensus estimate of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The company’s quarterly revenue was up 63.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Research analysts expect that LTC Properties, Inc. will post 2.77 EPS for the current year.

LTC Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be paid a $0.19 dividend. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 22nd. LTC Properties’s payout ratio is presently 84.13%.

Analyst Ratings Changes

LTC has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of LTC Properties in a research note on Wednesday, August 5th. Wells Fargo & Company upped their target price on LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Cantor Fitzgerald dropped their price target on 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 reaffirmed a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Finally, Nomura upgraded shares of LTC Properties to a “neutral” rating in a research report on Friday, August 14th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.40.

Insiders Place Their Bets

In other LTC Properties news, Director Timothy Triche sold 3,125 shares of the business’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $39.54, for a total value of $123,562.50. Following the completion of the transaction, the director directly owned 37,786 shares in the company, valued at approximately $1,494,058.44. The trade was a 7.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David L. Gruber purchased 3,500 shares of LTC Properties stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $38.30 per share, for a total transaction of $134,050.00. Following the purchase, the director owned 47,545 shares in the company, valued at approximately $1,820,973.50. This trade represents a 7.95% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 14,000 shares of company stock valued at $500,900. Company insiders own 2.20% of the company’s stock.

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.