Cubist Systematic Strategies LLC Has $902,000 Holdings in LTC Properties, Inc. $LTC

Cubist Systematic Strategies LLC cut its position in LTC Properties, Inc. (NYSE:LTC) by 35.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,455 shares of the real estate investment trust’s stock after selling 14,232 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.06% of LTC Properties worth $902,000 at the end of the most recent reporting period.

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

Insider Transactions at LTC Properties

In other news, EVP David M. Boitano purchased 6,000 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The stock was purchased at an average cost of $34.71 per share, with a total value of $208,260.00. Following the acquisition, the executive vice president directly owned 15,626 shares of the company’s stock, valued at approximately $542,378.46. This trade represents a 62.33% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LTC has been the topic of several research analyst reports. Wedbush upgraded shares of LTC Properties to a “strong-buy” rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada raised their price target on shares of LTC Properties from $36.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Friday, August 8th. JMP Securities raised 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. Finally, Wells Fargo & Company raised their price target 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. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, LTC Properties currently has a consensus rating of “Buy” and an average price target of $39.25.

LTC Properties Trading Down 0.2%

Shares of LTC stock opened at $36.53 on Wednesday. LTC Properties, Inc. has a 12-month low of $31.70 and a 12-month high of $39.89. The company has a market capitalization of $1.68 billion, a P/E ratio of 20.07 and a beta of 0.69. The firm has a 50-day moving average price of $35.57 and a 200 day moving average price of $35.32. The company has a quick ratio of 9.06, a current ratio of 9.06 and a debt-to-equity ratio of 0.67.

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, beating the consensus estimate of $0.67 by $0.01. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. The firm had revenue of $30.18 million during the quarter, compared to the consensus estimate of $49.97 million. During the same period last year, the firm posted $0.45 EPS. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. Research analysts forecast that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 21st were issued a dividend of $0.19 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Thursday, August 21st. LTC Properties’s dividend payout ratio (DPR) is currently 125.27%.

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.