Pinnacle Family Advisors LLC Makes New Investment in LTC Properties, Inc. $LTC

Pinnacle Family Advisors LLC acquired a new stake in LTC Properties, Inc. (NYSE:LTC) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,973 shares of the real estate investment trust’s stock, valued at approximately $537,000.

A number of other hedge funds also recently modified their holdings of the stock. Optiver Holding B.V. raised its holdings in LTC Properties by 153.1% in the 1st quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 467 shares during the period. Farther Finance Advisors LLC grew its position 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 last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of LTC Properties by 33.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 340 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of LTC Properties by 27.7% during the fourth quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 348 shares during the period. Finally, KBC Group NV bought a new position in shares of LTC Properties during the first quarter worth approximately $78,000. Institutional investors and hedge funds own 69.25% of the company’s stock.

LTC Properties Stock Down 0.4%

LTC stock opened at $40.53 on Thursday. The company has a market cap of $2.18 billion, a PE ratio of 14.96 and a beta of 0.56. The business has a 50-day simple moving average of $39.72 and a 200 day simple moving average of $38.77. LTC Properties, Inc. has a 52 week low of $33.64 and a 52 week high of $43.00. The company has a quick ratio of 8.60, a current ratio of 8.60 and a debt-to-equity ratio of 0.58.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping 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 business had revenue of $98.08 million during the quarter, compared to analysts’ expectations of $79.01 million. During the same quarter in the prior year, the business posted $0.68 earnings per share. LTC Properties’s 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. Sell-side analysts anticipate that LTC Properties, Inc. will post 2.77 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be issued a dividend of $0.19 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, September 22nd. LTC Properties’s dividend payout ratio is 84.13%.

Insider Buying and Selling

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 sale, the director owned 37,786 shares in the company, valued at approximately $1,494,058.44. This trade represents a 7.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David M. Boitano acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average cost of $34.77 per share, for a total transaction of $347,700.00. Following the completion of the purchase, the executive vice president directly owned 46,160 shares of the company’s stock, valued at $1,604,983.20. The trade was a 27.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 14,000 shares of company stock worth $500,900. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LTC has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on shares of LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Royal Bank Of Canada upgraded shares of LTC Properties from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $41.00 to $45.00 in a research note on Friday, August 14th. Nomura raised shares of LTC Properties to a “neutral” rating in a report on Friday, August 14th. Cantor Fitzgerald decreased their target price on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of LTC Properties in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, LTC Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.40.

LTC Properties 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.