Eversept Partners LP Invests $11.93 Million in LTC Properties, Inc. $LTC

Eversept Partners LP purchased a new stake in LTC Properties, Inc. (NYSE:LTC) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 321,046 shares of the real estate investment trust’s stock, valued at approximately $11,930,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LTC. Keudell Morrison Wealth Management acquired a new stake in shares of LTC Properties in the 4th quarter worth $1,365,000. Vanguard Group Inc. boosted its position in shares of LTC Properties by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust’s stock valued at $248,843,000 after acquiring an additional 125,889 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of LTC Properties in the fourth quarter valued at about $6,556,000. UBS Group AG grew its holdings in shares of LTC Properties by 140.3% in 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 purchasing an additional 139,078 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased 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 worth $4,438,000 after purchasing an additional 82,700 shares during the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

LTC Properties Stock Down 0.6%

Shares of NYSE:LTC opened at $41.94 on Tuesday. The business has a 50-day moving average price of $38.48 and a 200 day moving average price of $38.21. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 16.98 and a beta of 0.57. LTC Properties, Inc. has a 12-month low of $33.64 and a 12-month high of $43.00.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.17. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The firm had revenue of $94.41 million for the quarter, compared to analyst estimates of $72.98 million. During the same period in the previous year, the firm earned $0.65 EPS. LTC Properties’s revenue was up 94.7% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Sell-side analysts expect that LTC Properties, Inc. will post 2.8 EPS for the current year.

LTC Properties Announces Dividend

The business also recently declared 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. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Tuesday, September 22nd. LTC Properties’s payout ratio is 92.31%.

Insider Activity

In related news, Director David L. Gruber acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were purchased at an average cost of $38.41 per share, for a total transaction of $153,640.00. Following the acquisition, the director owned 44,045 shares in the company, valued at $1,691,768.45. The trade was a 9.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 in the company, valued at approximately $1,494,058.44. This represents a 7.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.