Asset Management One Co. Ltd. Purchases 4,642 Shares of LTC Properties, Inc. $LTC

Asset Management One Co. Ltd. raised its position in shares of LTC Properties, Inc. (NYSE:LTC) by 3.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,954 shares of the real estate investment trust’s stock after acquiring an additional 4,642 shares during the period. Asset Management One Co. Ltd. owned approximately 0.28% of LTC Properties worth $4,463,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LTC. KBC Group NV bought a new stake in LTC Properties during the first quarter valued at about $33,000. Rossby Financial LCC bought a new stake in LTC Properties during the first quarter valued at about $58,000. Anchor Investment Management LLC bought a new stake in LTC Properties during the first quarter valued at about $60,000. IFP Advisors Inc boosted its holdings in LTC Properties by 21.2% during the second 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 during the period. Finally, Elite Financial Inc. bought a new stake in LTC Properties during the first quarter valued at about $69,000. 69.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LTC. Weiss Ratings restated a “hold (c+)” rating on shares of LTC Properties in a report on Wednesday, October 8th. JMP Securities restated a “market outperform” rating and set a $43.00 price target on shares of LTC Properties in a report on Friday, October 17th. Royal Bank Of Canada increased their target price 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. Cantor Fitzgerald initiated coverage on shares of LTC Properties in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $38.00 target price for the company. Finally, Wedbush upgraded shares of LTC Properties to a “strong-buy” rating in a research note on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.60.

LTC Properties Stock Down 1.1%

NYSE LTC opened at $35.21 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 9.06 and a current ratio of 9.06. The firm has a 50-day simple moving average of $35.80 and a 200 day simple moving average of $35.45. LTC Properties, Inc. has a twelve month low of $31.70 and a twelve month high of $39.89. The stock has a market cap of $1.62 billion, a PE ratio of 19.34 and a beta of 0.68.

LTC Properties (NYSE:LTC) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. The business had revenue of $30.18 million during the quarter, compared to analysts’ expectations of $49.97 million. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. The firm’s 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. On average, research analysts forecast that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Dividend Announcement

The firm also recently declared a dec 25 dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 23rd. This represents a yield of 615.0%. 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.