76,400 Shares in LTC Properties, Inc. $LTC Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in shares of LTC Properties, Inc. (NYSE:LTC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 76,400 shares of the real estate investment trust’s stock, valued at approximately $2,938,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of LTC Properties in the second quarter worth about $345,915,000. Advisors Capital Management LLC acquired a new stake in shares of LTC Properties during the 2nd quarter valued at about $31,148,000. Bank of New York Mellon Corp purchased a new position in shares of LTC Properties in the 2nd quarter valued at about $20,008,000. Eversept Partners LP purchased a new position in shares of LTC Properties in the 1st quarter valued at about $11,930,000. Finally, Legal & General Group Plc acquired a new position in LTC Properties in the 2nd quarter worth about $11,300,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.

Insider Activity at LTC Properties

In related news, Director David L. Gruber acquired 3,500 shares of LTC Properties stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of $38.30 per share, for a total transaction of $134,050.00. Following the completion of the transaction, the director owned 47,545 shares in the company, valued at $1,820,973.50. This represents a 7.95% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the director directly owned 37,786 shares in the company, valued at $1,494,058.44. This trade represents a 7.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders purchased 14,000 shares of company stock valued at $500,900. 2.20% of the stock is currently owned by insiders.

LTC Properties Trading Down 0.1%

Shares of LTC stock opened at $40.65 on Friday. LTC Properties, Inc. has a fifty-two week low of $33.64 and a fifty-two week high of $43.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 8.60 and a current ratio of 8.60. The stock’s fifty day moving average is $39.90 and its two-hundred day moving average is $38.81. The firm has a market capitalization of $2.19 billion, a P/E ratio of 15.00 and a beta of 0.56.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. The firm had revenue of $98.08 million for 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 revenue for the quarter was up 63.6% on a year-over-year basis. During the same period last 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 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

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 given 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 84.13%.

Analysts Set New Price Targets

Several brokerages have commented on LTC. Deutsche Bank Aktiengesellschaft raised LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of LTC Properties in a research report on Wednesday, August 5th. Royal Bank Of Canada raised shares of LTC Properties from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $41.00 to $45.00 in a report on Friday, August 14th. Cantor Fitzgerald cut their target price on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Wells Fargo & Company raised their price target on shares of LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, LTC Properties currently has an average rating of “Moderate Buy” and an average target price of $43.67.

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.