Diversify Advisory Services LLC Invests $1.62 Million in LTC Properties, Inc. $LTC

Diversify Advisory Services LLC purchased a new stake in shares of LTC Properties, Inc. (NYSE:LTC) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 38,756 shares of the real estate investment trust’s stock, valued at approximately $1,625,000.

A number of other large investors have also added to or reduced their stakes in the stock. Keudell Morrison Wealth Management purchased a new stake in shares of LTC Properties during the 4th quarter worth approximately $1,365,000. Vanguard Group Inc. lifted its stake in LTC Properties by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust’s stock valued at $248,843,000 after purchasing an additional 125,889 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in LTC Properties during the fourth quarter valued at $6,556,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in LTC Properties by 178.2% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 129,100 shares of the real estate investment trust’s stock worth $4,438,000 after buying an additional 82,700 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of LTC Properties by 16.8% in the fourth quarter. Legal & General Group Plc now owns 317,709 shares of the real estate investment trust’s stock valued at $10,923,000 after buying an additional 45,627 shares during the period. Hedge funds and other institutional investors own 69.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on LTC shares. Royal Bank Of Canada upgraded LTC Properties from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $41.00 to $45.00 in a research note on Friday, August 14th. Citigroup reaffirmed a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Wells Fargo & Company increased their target price on shares of LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of LTC Properties in a research note on Wednesday, August 5th. Finally, Nomura raised shares of LTC Properties to a “neutral” rating in a research report on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, LTC Properties presently has an average rating of “Moderate Buy” and a consensus target price of $41.40.

LTC Properties Price Performance

LTC stock opened at $40.39 on Thursday. The firm has a 50 day moving average of $39.34 and a 200-day moving average of $38.64. The firm has a market capitalization of $2.18 billion, a P/E ratio of 14.90 and a beta of 0.56. 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 8.60, a quick ratio of 8.60 and a debt-to-equity ratio of 0.58.

LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The firm had revenue of $98.08 million during the quarter, compared to the consensus estimate of $79.01 million. During the same period last year, the firm earned $0.68 EPS. The business’s quarterly revenue was up 63.6% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, sell-side analysts predict that LTC Properties, Inc. will post 2.77 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be paid a $0.19 dividend. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 22nd. LTC Properties’s dividend payout ratio (DPR) is currently 84.13%.

Insider Activity at LTC Properties

In related news, EVP David M. Boitano bought 10,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was acquired at an average cost of $34.77 per share, for a total transaction of $347,700.00. Following the completion of the transaction, the executive vice president directly owned 46,160 shares in the company, valued at $1,604,983.20. This trade represents a 27.65% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Timothy Triche sold 3,125 shares of the company’s stock in a transaction on Monday, July 13th. The stock was 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 $1,494,058.44. This trade represents a 7.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have purchased 14,000 shares of company stock valued at $500,900 over the last three months. 2.20% of the stock is owned by corporate insiders.

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.