LTC Properties, Inc. $LTC Stake Boosted by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of LTC Properties, Inc. (NYSE:LTC) by 10.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,760 shares of the real estate investment trust’s stock after purchasing an additional 3,332 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.08% of LTC Properties worth $1,238,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in LTC. Jupiter Asset Management Ltd. bought a new position in shares of LTC Properties during the first quarter valued at approximately $9,358,000. Charles Schwab Investment Management Inc. grew its holdings in shares of LTC Properties by 15.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 949,322 shares of the real estate investment trust’s stock valued at $33,653,000 after purchasing an additional 126,598 shares during the last quarter. Nuveen LLC bought a new position in shares of LTC Properties during the first quarter valued at approximately $4,487,000. Tocqueville Asset Management L.P. bought a new position in shares of LTC Properties during the first quarter valued at approximately $2,932,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of LTC Properties during the second quarter valued at approximately $1,845,000. 69.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

LTC Properties Stock Performance

Shares of LTC stock opened at $35.21 on Wednesday. LTC Properties, Inc. has a 12-month low of $31.70 and a 12-month high of $39.89. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 19.34 and a beta of 0.68. The business has a 50 day simple moving average of $35.80 and a 200 day simple moving average of $35.45. 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 issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. LTC Properties had a return on equity of 7.95% and a net margin of 38.24%.The business had revenue of $30.18 million during the quarter, compared to analyst estimates of $49.97 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. On average, equities research analysts anticipate that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Dividend Announcement

The company also recently announced a dec 25 dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd will be given a $0.19 dividend. This represents a yield of 615.0%. The ex-dividend date is Tuesday, December 23rd. LTC Properties’s dividend payout ratio is 125.27%.

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.