251,170 Shares in LTC Properties, Inc. $LTC Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC bought a new position in shares of LTC Properties, Inc. (NYSE:LTC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 251,170 shares of the real estate investment trust’s stock, valued at approximately $10,562,000.

A number of other institutional investors have also recently added to or reduced their stakes in LTC. BlackRock Inc. acquired a new position in LTC Properties in the 2nd quarter valued at approximately $345,915,000. Alyeska Investment Group L.P. acquired a new position in shares of LTC Properties during the second quarter worth $34,396,000. Advisors Capital Management LLC bought a new stake in shares of LTC Properties in the second quarter worth $31,148,000. Wellington Management Group LLP grew its stake in shares of LTC Properties by 21.1% in the second quarter. Wellington Management Group LLP now owns 728,696 shares of the real estate investment trust’s stock worth $28,018,000 after purchasing an additional 126,884 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in LTC Properties by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 676,970 shares of the real estate investment trust’s stock valued at $25,157,000 after purchasing an additional 20,864 shares during the period. 69.25% of the stock is owned by institutional investors.

LTC Properties Stock Up 1.0%

Shares of LTC stock traded up $0.43 on Friday, reaching $42.48. 315,904 shares of the company were exchanged, compared to its average volume of 492,769. The company has a 50-day moving average of $41.33 and a 200-day moving average of $39.52. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 15.68 and a beta of 0.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60. LTC Properties, Inc. has a one year low of $33.64 and a one year high of $43.60.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The firm had revenue of $98.08 million during the quarter, compared to analysts’ expectations of $79.01 million. During the same period last year, the company earned $0.68 earnings per share. The business’s revenue was up 63.6% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Analysts anticipate that LTC Properties, Inc. will post 2.78 earnings per share for the current year.

LTC Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 23rd will be given a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, December 23rd. LTC Properties’s dividend payout ratio is presently 84.13%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on LTC shares. Weiss Ratings lowered LTC Properties from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, September 24th. Royal Bank Of Canada raised their price objective on LTC Properties from $45.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, October 2nd. Wells Fargo & Company upped their target price on LTC Properties from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, September 1st. 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, August 27th. Finally, Huntington initiated coverage on shares of LTC Properties in a report on Thursday, September 10th. They set an “outperform” rating and a $47.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, LTC Properties presently has a consensus rating of “Moderate Buy” and an average price target of $46.50.

Insider Activity

In other LTC Properties news, Director David L. Gruber purchased 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of $38.30 per share, with a total value of $134,050.00. Following the completion of the transaction, the director owned 47,545 shares of the company’s stock, valued at $1,820,973.50. The trade was a 7.95% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy Triche sold 3,125 shares of the company’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $39.54, for a total value 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 trade represents a 7.64% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.20% of the company’s stock.

About LTC Properties

LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that invests in healthcare-related properties. The company focuses primarily on senior housing and healthcare real estate, including assisted living, memory care, independent living and skilled nursing facilities.

LTC supports its portfolio through a range of investment structures, including property acquisitions, long-term leases, mortgage loans, mezzanine financing, preferred equity investments and joint ventures. Its properties are generally operated by third-party healthcare providers under lease or other investment arrangements.

Founded in 1992, LTC Properties serves markets across the United States.