DekaBank Deutsche Girozentrale Sells 3,588 Shares of LTC Properties, Inc. $LTC

DekaBank Deutsche Girozentrale decreased its position in LTC Properties, Inc. (NYSE:LTC) by 5.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,569 shares of the real estate investment trust’s stock after selling 3,588 shares during the period. DekaBank Deutsche Girozentrale owned 0.14% of LTC Properties worth $2,307,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. KBC Group NV bought a new stake in LTC Properties during the 1st quarter valued at $33,000. Rossby Financial LCC bought a new stake in LTC Properties during the 1st quarter valued at $58,000. IFP Advisors Inc boosted its position in LTC Properties by 21.2% during the 2nd quarter. IFP Advisors Inc now owns 1,691 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 296 shares in the last quarter. Anchor Investment Management LLC bought a new stake in LTC Properties during the 1st quarter valued at $60,000. Finally, Elite Financial Inc. bought a new stake in LTC Properties during the 1st quarter valued at $69,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.

LTC Properties Stock Performance

Shares of LTC stock opened at $35.35 on Friday. The business has a fifty day moving average of $35.81 and a 200 day moving average of $35.42. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 19.42 and a beta of 0.68. 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, Inc. has a 1 year low of $31.70 and a 1 year high of $39.89.

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

LTC Properties Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently commented on LTC shares. BMO Capital Markets upgraded LTC Properties from an “underperform” rating to a “market perform” rating and set a $39.00 price objective for the company in a report on Wednesday, September 24th. Wedbush upgraded LTC Properties to a “strong-buy” rating in a report on Wednesday, July 2nd. JMP Securities reiterated a “market outperform” rating and set a $43.00 price objective on shares of LTC Properties in a report on Friday, October 17th. Cantor Fitzgerald started coverage on LTC Properties in a report on Wednesday, October 1st. They set a “neutral” rating and a $38.00 price objective for the company. Finally, Royal Bank Of Canada increased their price objective on LTC Properties from $36.00 to $37.00 and gave the company a “sector perform” rating in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.60.

LTC Properties 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.