Invesco Ltd. Buys 49,394 Shares of LTC Properties, Inc. $LTC

Invesco Ltd. grew its stake in LTC Properties, Inc. (NYSE:LTC) by 20.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 296,728 shares of the real estate investment trust’s stock after purchasing an additional 49,394 shares during the period. Invesco Ltd. owned approximately 0.65% of LTC Properties worth $10,519,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of LTC. Envestnet Asset Management Inc. grew its stake in shares of LTC Properties by 13.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 56,250 shares of the real estate investment trust’s stock valued at $1,943,000 after purchasing an additional 6,836 shares during the period. Raymond James Financial Inc. bought a new stake in shares of LTC Properties in the 4th quarter valued at approximately $464,000. CANADA LIFE ASSURANCE Co grew its stake in shares of LTC Properties by 3.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 73,445 shares of the real estate investment trust’s stock valued at $2,538,000 after purchasing an additional 2,660 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of LTC Properties by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 642,325 shares of the real estate investment trust’s stock valued at $22,192,000 after purchasing an additional 17,842 shares during the period. Finally, MetLife Investment Management LLC grew its stake in shares of LTC Properties by 5.5% in the 4th quarter. MetLife Investment Management LLC now owns 27,557 shares of the real estate investment trust’s stock valued at $952,000 after purchasing an additional 1,442 shares during the period. 69.25% of the stock is currently owned by institutional investors.

Insider Activity at LTC Properties

In related news, EVP David M. Boitano purchased 6,000 shares of the firm’s stock in a transaction dated Friday, June 27th. The shares were acquired at an average cost 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 of the company’s stock, valued at $542,378.46. This trade represents a 62.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.

LTC Properties Stock Performance

NYSE:LTC opened at $36.7560 on Monday. LTC Properties, Inc. has a 1 year low of $31.70 and a 1 year high of $39.89. The firm has a 50 day moving average of $35.23 and a 200-day moving average of $35.16. The company has a current ratio of 9.06, a quick ratio of 9.06 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.69 billion, a P/E ratio of 20.20 and a beta of 0.66.

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

LTC Properties Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.