American Century Companies Inc. Purchases 750 Shares of LTC Properties, Inc. $LTC

American Century Companies Inc. raised its position in LTC Properties, Inc. (NYSE:LTC) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,571 shares of the real estate investment trust’s stock after buying an additional 750 shares during the quarter. American Century Companies Inc.’s holdings in LTC Properties were worth $623,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GF Fund Management CO. LTD. acquired a new stake in shares of LTC Properties in the 4th quarter valued at approximately $27,000. KBC Group NV acquired a new stake in LTC Properties during the 1st quarter worth approximately $33,000. Rossby Financial LCC acquired a new stake in LTC Properties during the 1st quarter worth approximately $58,000. Elite Financial Inc. acquired a new stake in LTC Properties during the 1st quarter worth approximately $69,000. Finally, State of Wyoming boosted its position in LTC Properties by 91.7% during the 4th quarter. State of Wyoming now owns 2,919 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 1,396 shares during the period. 69.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other LTC Properties news, EVP David M. Boitano purchased 6,000 shares of LTC Properties stock in a transaction on Friday, June 27th. The shares were acquired at an average cost of $34.71 per share, for a total transaction of $208,260.00. Following the completion of the transaction, the executive vice president directly owned 15,626 shares of the company’s stock, valued at approximately $542,378.46. The trade was a 62.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 2.10% of the stock is owned by corporate insiders.

LTC Properties Trading Up 0.4%

Shares of LTC Properties stock opened at $36.38 on Friday. LTC Properties, Inc. has a 12-month low of $31.70 and a 12-month high of $39.89. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 19.99 and a beta of 0.69. 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 company’s 50-day moving average price is $35.45 and its 200-day moving average price is $35.28.

LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The firm had revenue of $30.18 million for the quarter, compared to the consensus estimate of $49.97 million. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior 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, equities analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 21st were paid a $0.19 dividend. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Thursday, August 21st. LTC Properties’s dividend payout ratio (DPR) is currently 125.27%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th. JMP Securities boosted their price target on shares of LTC Properties from $40.00 to $43.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Royal Bank Of Canada lifted their price objective on shares of LTC Properties from $36.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, August 8th. Finally, Wedbush upgraded shares of LTC Properties to a “strong-buy” rating in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $39.25.

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.