111 Capital Takes $263,000 Position in LTC Properties, Inc. $LTC

111 Capital purchased a new position in shares of LTC Properties, Inc. (NYSE:LTC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,611 shares of the real estate investment trust’s stock, valued at approximately $263,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in LTC Properties by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 7,000,767 shares of the real estate investment trust’s stock valued at $248,177,000 after purchasing an additional 39,833 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of LTC Properties by 15.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 949,322 shares of the real estate investment trust’s stock valued at $33,653,000 after buying an additional 126,598 shares during the period. Advisors Capital Management LLC boosted its stake in shares of LTC Properties by 2.6% in the first quarter. Advisors Capital Management LLC now owns 476,084 shares of the real estate investment trust’s stock valued at $16,877,000 after buying an additional 11,841 shares in the last quarter. Invesco Ltd. boosted its stake in shares of LTC Properties by 20.0% in the first quarter. Invesco Ltd. now owns 296,728 shares of the real estate investment trust’s stock valued at $10,519,000 after buying an additional 49,394 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in LTC Properties during the first quarter worth $9,358,000. 69.25% of the stock is owned by hedge funds and other institutional investors.

LTC Properties Trading Down 2.6%

NYSE:LTC opened at $35.06 on Tuesday. LTC Properties, Inc. has a 52-week low of $31.70 and a 52-week high of $39.89. The company has a quick ratio of 9.06, a current ratio of 9.06 and a debt-to-equity ratio of 0.67. The stock has a fifty day simple moving average of $35.89 and a 200-day simple moving average of $35.41. The company has a market capitalization of $1.61 billion, a PE ratio of 19.26 and a beta of 0.68.

LTC Properties (NYSE:LTC) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. The firm had revenue of $30.18 million during the quarter, compared to the consensus estimate of $49.97 million. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. On average, equities research analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The firm also recently disclosed a dec 25 dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd will be paid a dividend of $0.19 per share. This represents a dividend yield of 615.0%. The ex-dividend date of this dividend is Tuesday, December 23rd. LTC Properties’s dividend payout ratio (DPR) is 125.27%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Cantor Fitzgerald assumed coverage on LTC Properties in a report on Wednesday, October 1st. They issued a “neutral” rating and a $38.00 target price for the company. BMO Capital Markets upgraded shares of LTC Properties from an “underperform” rating to a “market perform” rating and set a $39.00 price target for the company in a report on Wednesday, September 24th. Wells Fargo & Company raised their price objective on shares of LTC Properties from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 27th. Wedbush upgraded shares of LTC Properties to a “strong-buy” rating in a research report on Wednesday, July 2nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of LTC Properties in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.80.

LTC Properties Company Profile

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.