LTC Properties, Inc. $LTC Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in LTC Properties, Inc. (NYSE:LTC) by 57.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,558 shares of the real estate investment trust’s stock after selling 75,625 shares during the period. Deutsche Bank AG owned 0.12% of LTC Properties worth $2,005,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. GF Fund Management CO. LTD. acquired a new stake in shares of LTC Properties in the fourth quarter valued at about $27,000. KBC Group NV acquired a new stake in shares of LTC Properties in the first quarter valued at about $33,000. Rossby Financial LCC acquired a new stake in shares of LTC Properties in the first quarter valued at about $58,000. Elite Financial Inc. acquired a new stake in shares of LTC Properties in the first quarter valued at about $69,000. Finally, State of Wyoming grew its holdings in shares of LTC Properties by 91.7% in the fourth quarter. State of Wyoming now owns 2,919 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 1,396 shares during the period. 69.25% of the stock is currently owned by institutional investors and hedge funds.

LTC Properties Trading Up 0.8%

Shares of LTC stock opened at $36.54 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 9.06 and a quick ratio of 9.06. The firm has a market cap of $1.68 billion, a PE ratio of 20.08 and a beta of 0.66. The company has a 50-day moving average of $35.19 and a two-hundred day moving average of $35.13. LTC Properties, Inc. has a 1-year low of $31.70 and a 1-year high of $39.89.

LTC Properties (NYSE:LTC) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. The company had revenue of $30.18 million during the quarter, compared to analyst estimates of $49.97 million. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. LTC Properties’s revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 earnings per share. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. On average, analysts predict that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.19 per share. This represents a yield of 642.0%. The ex-dividend date of this dividend is Thursday, August 21st. LTC Properties’s dividend payout ratio (DPR) is 125.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LTC shares. Royal Bank Of Canada upped their price objective on shares of LTC Properties from $36.00 to $37.00 and gave the company a “sector perform” rating in a report on Friday, August 8th. Wedbush raised shares of LTC Properties to a “strong-buy” rating in a report on Wednesday, July 2nd. Finally, JMP Securities upped their price objective on shares of LTC Properties from $40.00 to $43.00 and gave the company a “market outperform” rating in a report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, LTC Properties presently has an average rating of “Buy” and an average target price of $39.00.

Insiders Place Their Bets

In related news, EVP David M. Boitano bought 6,000 shares of the stock in a transaction on Friday, June 27th. The stock was bought at an average price of $34.71 per share, with a total value of $208,260.00. Following the completion of the purchase, the executive vice president directly owned 15,626 shares in the company, valued at $542,378.46. This represents a 62.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is currently owned by company insiders.

About LTC Properties

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.