Public Employees Retirement System of Ohio Invests $2.94 Million in LTC Properties, Inc. $LTC

Public Employees Retirement System of Ohio purchased a new position 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 (SEC). The firm purchased 76,443 shares of the real estate investment trust’s stock, valued at approximately $2,939,000.

Other hedge funds have also bought and sold shares of the company. Optiver Holding B.V. raised its stake in LTC Properties by 153.1% during the first quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 467 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of LTC Properties by 187.5% in the 4th quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 587 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of LTC Properties by 27.7% in the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 348 shares in the last quarter. KBC Group NV bought a new stake in shares of LTC Properties in the 1st quarter valued at approximately $78,000. Finally, Global Retirement Partners LLC bought a new stake in shares of LTC Properties in the 4th quarter valued at approximately $80,000. 69.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LTC. Cantor Fitzgerald lowered 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. Citigroup reaffirmed a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Royal Bank Of Canada raised shares of LTC Properties from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $41.00 to $45.00 in a research report on Friday, August 14th. Nomura raised shares of LTC Properties to a “neutral” rating in a report on Friday, August 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of LTC Properties in a research note on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, LTC Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

Insider Buying and Selling at LTC Properties

In related news, Director Timothy Triche sold 3,125 shares of the company’s stock in a transaction dated 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 sale, the director owned 37,786 shares of the company’s stock, valued at $1,494,058.44. This represents a 7.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David L. Gruber acquired 3,500 shares of LTC Properties 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 acquisition, the director directly owned 47,545 shares of the company’s stock, valued at approximately $1,820,973.50. This trade represents a 7.95% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 2.20% of the company’s stock.

LTC Properties Trading Down 1.5%

LTC Properties stock opened at $41.29 on Friday. LTC Properties, Inc. has a 52-week low of $33.64 and a 52-week high of $43.00. The company has a quick ratio of 8.60, a current ratio of 8.60 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 15.24 and a beta of 0.58. The firm has a 50-day moving average price of $40.25 and a two-hundred day moving average price of $38.90.

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

LTC Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be given a dividend of $0.19 per share. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Tuesday, September 22nd. LTC Properties’s payout ratio is 84.13%.

LTC Properties Profile

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.