RFG Advisory LLC Decreases Position in LTC Properties, Inc. $LTC

RFG Advisory LLC lessened its stake in LTC Properties, Inc. (NYSE:LTC) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,833 shares of the real estate investment trust’s stock after selling 369 shares during the quarter. RFG Advisory LLC’s holdings in LTC Properties were worth $271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. QRG Capital Management Inc. increased its position in LTC Properties by 15.9% in the first quarter. QRG Capital Management Inc. now owns 8,571 shares of the real estate investment trust’s stock worth $304,000 after buying an additional 1,177 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in LTC Properties in the 1st quarter worth about $200,000. Asset Management One Co. Ltd. raised its stake in LTC Properties by 7.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 124,312 shares of the real estate investment trust’s stock valued at $4,407,000 after acquiring an additional 8,651 shares during the period. Keudell Morrison Wealth Management lifted its holdings in LTC Properties by 0.9% during the first quarter. Keudell Morrison Wealth Management now owns 36,693 shares of the real estate investment trust’s stock valued at $1,301,000 after purchasing an additional 328 shares during the last quarter. Finally, Aurora Private Wealth Inc. bought a new position in LTC Properties during the first quarter worth about $1,022,000. 69.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LTC shares. Cantor Fitzgerald assumed coverage on shares of LTC Properties in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $38.00 price target on the stock. BMO Capital Markets upgraded LTC Properties from an “underperform” rating to a “market perform” rating and set a $39.00 target price on the stock in a research report on Wednesday, September 24th. Wedbush raised LTC Properties to a “strong-buy” rating in a report on Wednesday, July 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of LTC Properties in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company increased their price objective on LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 27th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, LTC Properties currently has an average rating of “Moderate Buy” and an average price target of $38.80.

LTC Properties Stock Up 1.7%

LTC opened at $35.20 on Monday. The firm has a market capitalization of $1.62 billion, a P/E ratio of 19.34 and a beta of 0.68. LTC Properties, Inc. has a one year low of $31.70 and a one year high of $39.89. The company has a fifty day moving average price of $35.85 and a 200-day moving average price of $35.37. The company has a debt-to-equity ratio of 0.67, a current ratio of 9.06 and a quick ratio of 9.06.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data 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. The company had revenue of $30.18 million during the quarter, compared to analyst estimates of $49.97 million. LTC Properties had a return on equity of 7.95% and a net margin of 38.24%.The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. Equities research analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

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