LTC Properties, Inc. $LTC Shares Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in LTC Properties, Inc. (NYSE:LTC) by 6.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,385 shares of the real estate investment trust’s stock after purchasing an additional 2,849 shares during the period. State of Alaska Department of Revenue owned about 0.11% of LTC Properties worth $1,708,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV acquired a new stake in shares of LTC Properties during the 1st quarter valued at approximately $33,000. Rossby Financial LCC acquired a new stake in shares of LTC Properties during the 1st quarter valued at approximately $58,000. Anchor Investment Management LLC acquired a new stake in shares of LTC Properties during the 1st quarter valued at approximately $60,000. Elite Financial Inc. acquired a new stake in shares of LTC Properties during the 1st quarter valued at approximately $69,000. Finally, Montag A & Associates Inc. lifted its position in shares of LTC Properties by 72.5% during the 1st quarter. Montag A & Associates Inc. now owns 3,616 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 1,520 shares during the period. Institutional investors and hedge funds own 69.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of LTC Properties from an “underperform” rating to a “market perform” rating and set a $39.00 price target for the company in a research report on Wednesday, September 24th. Wedbush upgraded LTC Properties to a “strong-buy” rating in a research report on Wednesday, July 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of LTC Properties in a research report on Saturday, September 27th. Wells Fargo & Company lifted their price objective on LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th. Finally, JMP Securities lifted their price objective on LTC Properties from $40.00 to $43.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, LTC Properties currently has an average rating of “Moderate Buy” and a consensus target price of $38.80.

LTC Properties Stock Down 1.2%

LTC stock opened at $36.01 on Friday. The stock has a market capitalization of $1.66 billion, a P/E ratio of 19.79 and a beta of 0.68. The company has a debt-to-equity ratio of 0.67, a quick ratio of 9.06 and a current ratio of 9.06. LTC Properties, Inc. has a one year low of $31.70 and a one year high of $39.89. The company has a 50 day moving average price of $35.88 and a two-hundred day moving average price of $35.40.

LTC Properties (NYSE:LTC) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.68 EPS for the quarter, topping 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 analysts’ expectations of $49.97 million. During the same period in the previous year, the company earned $0.45 EPS. LTC Properties’s revenue for the quarter was up 20.2% on a year-over-year basis. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. As a group, sell-side analysts expect that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The business also recently disclosed a dec 25 dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a dividend yield of 615.0%. LTC Properties’s payout ratio is currently 125.27%.

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.