Nomura Asset Management Co. Ltd. Raises Stock Position in LTC Properties, Inc. $LTC

Nomura Asset Management Co. Ltd. lifted its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,980 shares of the real estate investment trust’s stock after acquiring an additional 2,000 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.14% of LTC Properties worth $2,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in LTC Properties in the first quarter valued at about $60,000. IFP Advisors Inc raised its holdings in shares of LTC Properties by 21.2% during the 2nd quarter. IFP Advisors Inc now owns 1,691 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 296 shares during the period. Rossby Financial LCC raised its holdings in shares of LTC Properties by 45.6% during the 2nd quarter. Rossby Financial LCC now owns 2,377 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 744 shares during the period. AlphaQuest LLC lifted its position in LTC Properties by 81.7% during the 1st quarter. AlphaQuest LLC now owns 4,282 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 1,925 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in LTC Properties by 5.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 6,953 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 353 shares during the period. 69.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director David L. Gruber acquired 1,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were purchased at an average price of $35.94 per share, for a total transaction of $35,940.00. Following the completion of the purchase, the director directly owned 29,834 shares of the company’s stock, valued at $1,072,233.96. This represents a 3.47% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

LTC Properties Stock Up 0.7%

Shares of NYSE:LTC opened at $35.97 on Friday. The firm has a market cap of $1.71 billion, a PE ratio of 19.77 and a beta of 0.67. The company has a fifty day simple moving average of $35.54 and a 200 day simple moving average of $35.49. The company has a current ratio of 9.06, a quick ratio of 9.06 and a debt-to-equity ratio of 0.67. LTC Properties, Inc. has a 12-month low of $31.70 and a 12-month high of $39.40.

LTC Properties (NYSE:LTC) last announced its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. The company had revenue of $50.05 million during the quarter, compared to analyst estimates of $65.94 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 24.2% compared to the same quarter last year. During the same period last year, the business earned $0.78 EPS. LTC Properties has set its FY 2025 guidance at 2.690-2.710 EPS. On average, equities research analysts anticipate that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Announces Dividend

The company also recently declared a dec 25 dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd will be paid a $0.19 dividend. This represents a yield of 615.0%. The ex-dividend date is Tuesday, December 23rd. LTC Properties’s dividend payout ratio (DPR) is 316.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald began coverage on shares of LTC Properties in a research note on Wednesday, October 1st. They set a “neutral” rating and a $38.00 price objective on the stock. Wells Fargo & Company dropped their price target on shares of LTC Properties from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of LTC Properties in a report on Monday, November 17th. Royal Bank Of Canada raised their target price on LTC Properties from $37.00 to $38.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. Finally, BMO Capital Markets raised LTC Properties from an “underperform” rating to a “market perform” rating and set a $39.00 target price on the stock in a research report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.