Groupe la Francaise Makes New $570,000 Investment in LTC Properties, Inc. $LTC

Groupe la Francaise bought a new position in LTC Properties, Inc. (NYSE:LTC) during the 2nd quarter, HoldingsChannel reports. The fund bought 14,815 shares of the real estate investment trust’s stock, valued at approximately $570,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Optiver Holding B.V. raised its holdings in LTC Properties by 153.1% in the 1st quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 467 shares during the last quarter. Nykredit A S bought a new stake in shares of LTC Properties in the 2nd quarter worth $46,000. Markowski Investments bought a new stake in shares of LTC Properties in the 2nd quarter worth $49,000. Hantz Financial Services Inc. raised its stake in shares of LTC Properties by 27.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 348 shares during the last quarter. Finally, KBC Group NV purchased a new position in shares of LTC Properties in the first quarter worth $78,000. Institutional investors own 69.25% of the company’s stock.

LTC Properties Price Performance

Shares of LTC opened at $42.05 on Wednesday. The firm has a market cap of $2.27 billion, a PE ratio of 15.52 and a beta of 0.58. The company has a current ratio of 8.60, a quick ratio of 8.60 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $40.38 and a two-hundred day simple moving average of $38.93. LTC Properties, Inc. has a 1-year low of $33.64 and a 1-year high of $43.00.

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

LTC Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 5.4%. LTC Properties’s dividend payout ratio is currently 84.13%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LTC shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of LTC Properties in a report on Wednesday, August 5th. Royal Bank Of Canada upgraded LTC Properties from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $41.00 to $45.00 in a report on Friday, August 14th. Nomura raised LTC Properties to a “neutral” rating in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft raised 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, Wells Fargo & Company upped their target price on shares of LTC Properties from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, LTC Properties presently has an average rating of “Moderate Buy” and an average price target of $44.00.

Insider Transactions at LTC Properties

In other LTC Properties news, Director Timothy Triche sold 3,125 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 37,786 shares in the company, valued at $1,494,058.44. The trade was a 7.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David L. Gruber purchased 3,500 shares of LTC Properties stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $38.30 per share, with a total value of $134,050.00. Following the transaction, the director directly owned 47,545 shares in the company, valued at approximately $1,820,973.50. The trade was a 7.95% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.20% of the stock is currently owned by corporate insiders.

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.