Jefferies Financial Group Inc. Makes New $2.94 Million Investment in LTC Properties, Inc. $LTC

Jefferies Financial Group Inc. bought a new stake in shares of LTC Properties, Inc. (NYSE:LTC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 76,400 shares of the real estate investment trust’s stock, valued at approximately $2,938,000. Jefferies Financial Group Inc. owned approximately 0.14% of LTC Properties at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Optiver Holding B.V. lifted its stake in shares of LTC Properties by 153.1% during the 1st quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 467 shares during the last quarter. Farther Finance Advisors LLC grew its stake in LTC Properties by 187.5% in the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 587 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in LTC Properties by 27.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 348 shares in the last quarter. KBC Group NV bought a new position in LTC Properties in the first quarter worth about $78,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of LTC Properties during the fourth quarter valued at about $80,000. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at LTC Properties

In related news, EVP David M. Boitano purchased 10,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were bought at an average cost of $34.77 per share, with a total value of $347,700.00. Following the transaction, the executive vice president owned 46,160 shares of the company’s stock, valued at approximately $1,604,983.20. This trade represents a 27.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David L. Gruber acquired 3,500 shares of LTC Properties stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $38.30 per share, with a total value of $134,050.00. Following the purchase, the director directly owned 47,545 shares in the company, valued at approximately $1,820,973.50. The trade was a 7.95% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 14,000 shares of company stock worth $500,900 over the last 90 days. 2.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on LTC. Cantor Fitzgerald lowered their price target on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft raised shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Thursday. Royal Bank Of Canada raised shares of LTC Properties from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $41.00 to $45.00 in a report on Friday, August 14th. Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of LTC Properties in a research report on Wednesday, August 5th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.67.

LTC Properties Price Performance

NYSE LTC opened at $40.65 on Friday. LTC Properties, Inc. has a 1 year low of $33.64 and a 1 year high of $43.00. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 15.00 and a beta of 0.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60. The stock’s fifty day moving average price is $39.90 and its 200 day moving average price is $38.81.

LTC Properties (NYSE:LTC) last released its 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. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.The firm had revenue of $98.08 million during the quarter, compared to the consensus estimate of $79.01 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue was up 63.6% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, equities research analysts forecast that LTC Properties, Inc. will post 2.77 earnings per share for the current year.

LTC Properties Dividend Announcement

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

About LTC Properties

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.