Entropy Technologies LP Makes New Investment in LTC Properties, Inc. $LTC

Entropy Technologies LP purchased a new position in shares of LTC Properties, Inc. (NYSE:LTC) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,769 shares of the real estate investment trust’s stock, valued at approximately $512,000.

Several other institutional investors and hedge funds have also recently modified their holdings of LTC. Farther Finance Advisors LLC grew its holdings in shares of LTC Properties by 187.5% in the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 587 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in LTC Properties by 33.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 340 shares during the period. Hantz Financial Services Inc. boosted its holdings in LTC Properties by 27.7% in the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 348 shares during the last quarter. KBC Group NV acquired a new position in LTC Properties in the 1st quarter valued at about $78,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of LTC Properties in the 4th quarter valued at approximately $80,000. Institutional investors and hedge funds own 69.25% of the company’s stock.

Insider Transactions at LTC Properties

In related news, Director Timothy Triche sold 3,125 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $39.54, for a total transaction of $123,562.50. Following the completion of the transaction, the director owned 37,786 shares of the company’s stock, valued at approximately $1,494,058.44. This trade represents a 7.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David L. Gruber acquired 4,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average cost of $38.41 per share, with a total value of $153,640.00. Following the transaction, the director directly owned 44,045 shares in the company, valued at $1,691,768.45. This trade represents a 9.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.20% of the company’s stock.

LTC Properties Stock Down 0.6%

Shares of LTC opened at $41.66 on Thursday. The company’s 50-day moving average price is $38.60 and its 200 day moving average price is $38.30. LTC Properties, Inc. has a 12-month low of $33.64 and a 12-month high of $43.00. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73. The firm has a market cap of $2.13 billion, a P/E ratio of 16.86 and a beta of 0.57.

LTC Properties (NYSE:LTC) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.17. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The company had revenue of $94.41 million during the quarter, compared to analyst estimates of $72.98 million. During the same quarter last year, the firm posted $0.65 earnings per share. LTC Properties’s revenue was up 94.7% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. On average, sell-side analysts forecast that LTC Properties, Inc. will post 2.8 earnings per share for the current year.

LTC Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be issued a $0.19 dividend. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Tuesday, September 22nd. LTC Properties’s dividend payout ratio is currently 92.31%.

Analysts Set New Price Targets

LTC has been the subject of a number of recent analyst reports. Citigroup restated a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Cantor Fitzgerald decreased their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Wells Fargo & Company increased their price objective on LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Finally, Weiss Ratings raised LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, LTC Properties currently has a consensus rating of “Hold” and a consensus price target of $40.60.

LTC Properties Company Profile

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.