LTC Properties, Inc. $LTC Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its position in LTC Properties, Inc. (NYSE:LTC) by 4,205.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 812,235 shares of the real estate investment trust’s stock after buying an additional 793,370 shares during the quarter. American Century Companies Inc. owned approximately 1.71% of LTC Properties worth $29,939,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LTC. Aster Capital Management DIFC Ltd acquired a new position in LTC Properties in the 3rd quarter valued at about $41,000. Handelsbanken Fonder AB lifted its position in shares of LTC Properties by 15.4% during the third quarter. Handelsbanken Fonder AB now owns 25,430 shares of the real estate investment trust’s stock worth $937,000 after purchasing an additional 3,400 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of LTC Properties by 4.6% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 34,347 shares of the real estate investment trust’s stock valued at $1,266,000 after purchasing an additional 1,500 shares during the period. Intech Investment Management LLC boosted its stake in shares of LTC Properties by 3.2% in the third quarter. Intech Investment Management LLC now owns 26,170 shares of the real estate investment trust’s stock valued at $965,000 after purchasing an additional 804 shares during the period. Finally, Rossby Financial LCC grew its holdings in shares of LTC Properties by 18.3% in the third quarter. Rossby Financial LCC now owns 2,811 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 434 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

LTC Properties Stock Up 0.5%

Shares of NYSE:LTC opened at $38.36 on Friday. LTC Properties, Inc. has a fifty-two week low of $31.70 and a fifty-two week high of $40.80. The firm’s 50 day moving average price is $37.24 and its 200 day moving average price is $36.17. The company has a quick ratio of 8.04, a current ratio of 8.04 and a debt-to-equity ratio of 0.72. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 15.72 and a beta of 0.59.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 EPS for the quarter, topping the consensus estimate of $0.68 by $1.41. LTC Properties had a net margin of 44.82% and a return on equity of 10.95%. The company had revenue of $82.11 million during the quarter, compared to analysts’ expectations of $84.23 million. During the same quarter in the previous year, the business posted $0.72 EPS. The firm’s revenue was up 60.3% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS and its Q1 2026 guidance at 0.660-0.680 EPS. As a group, equities research analysts predict that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. LTC Properties’s payout ratio is presently 93.44%.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, EVP David M. Boitano purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average cost of $34.44 per share, with a total value of $344,400.00. Following the acquisition, the executive vice president directly owned 25,626 shares of the company’s stock, valued at approximately $882,559.44. This represents a 64.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David L. Gruber acquired 7,000 shares of the stock in a transaction dated Thursday, March 5th. The shares were acquired at an average cost of $38.00 per share, with a total value of $266,000.00. Following the completion of the transaction, the director owned 36,931 shares in the company, valued at approximately $1,403,378. This represents a 23.39% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LTC shares. Cantor Fitzgerald set a $36.00 target price on shares of LTC Properties in a research note on Monday, January 5th. Wells Fargo & Company upped 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 Tuesday, November 25th. Royal Bank Of Canada increased their price objective on LTC Properties from $37.00 to $38.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. Finally, Weiss Ratings upgraded LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $38.60.

About LTC Properties

LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that specializes in financing and investing in long-term health care properties. The company focuses on providing capital to operators of senior housing and health care facilities through sale-leaseback transactions, mortgage financings and structured finance arrangements. Its portfolio primarily comprises skilled nursing facilities, assisted living communities and memory care centers.

Since its founding in 1992, LTC Properties has built a diversified portfolio of properties located across the United States.