Pinnacle Family Advisors LLC Makes New $537,000 Investment in LTC Properties, Inc. $LTC

Pinnacle Family Advisors LLC bought a new stake in LTC Properties, Inc. (NYSE:LTC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,973 shares of the real estate investment trust’s stock, valued at approximately $537,000.

Other large investors also recently modified their holdings of the company. Keudell Morrison Wealth Management acquired a new stake in shares of LTC Properties during the fourth quarter worth $1,365,000. Vanguard Group Inc. boosted its stake in LTC Properties by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust’s stock worth $248,843,000 after purchasing an additional 125,889 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in LTC Properties during the 4th quarter worth about $6,556,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in LTC Properties by 178.2% during the 4th 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 in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of LTC Properties by 232.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 54,420 shares of the real estate investment trust’s stock valued at $2,022,000 after purchasing an additional 38,054 shares during the period. 69.25% of the stock is currently owned by institutional investors.

LTC Properties Stock Performance

LTC opened at $40.53 on Thursday. The business’s 50-day simple moving average is $39.72 and its 200 day simple moving average is $38.77. LTC Properties, Inc. has a 52-week low of $33.64 and a 52-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 firm has a market capitalization of $2.18 billion, a PE ratio of 14.96 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, beating analysts’ consensus estimates of $0.48 by $0.08. The firm had revenue of $98.08 million during the quarter, compared to the consensus estimate of $79.01 million. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.The business’s revenue was up 63.6% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, sell-side analysts expect that LTC Properties, Inc. will post 2.77 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The company 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) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 22nd. LTC Properties’s dividend payout ratio is 84.13%.

Analyst Ratings Changes

A number of analysts have recently commented on LTC shares. Royal Bank Of Canada upgraded LTC Properties from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $41.00 to $45.00 in a report on Friday, August 14th. Citigroup reissued a “market outperform” rating on shares of LTC Properties in a research report on Wednesday, June 10th. Cantor Fitzgerald cut their target price on LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of LTC Properties in a research report on Wednesday, August 5th. Finally, 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 research note on Monday, June 1st. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $41.40.

Insiders Place Their Bets

In other LTC Properties news, Director Timothy Triche sold 3,125 shares of the stock in a transaction on 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 in the company, valued at $1,494,058.44. This trade represents a 7.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David M. Boitano acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was purchased at an average cost of $34.77 per share, with a total value of $347,700.00. Following the transaction, the executive vice president owned 46,160 shares in the company, valued at approximately $1,604,983.20. This trade represents a 27.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 14,000 shares of company stock valued at $500,900. 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.