On May 22, 2023, it was reported that the Swiss National Bank had increased its holdings in LTC Properties, Inc., a real estate investment trust that specializes in managing seniors housing and health care properties. The bank now owns 97,762 shares of LTC Properties stock – an increase of 4.5% compared to its previous disclosure with the SEC. This additional purchase of 4,200 shares during the fourth quarter has raised the bank’s ownership to 0.24% and valued it at $3,473,000 by the end of the most recent reporting period.
LTC Properties operates through various geographic segments throughout Texas, Michigan, Florida, Wisconsin, Colorado and other remaining states and has been in business for over three decades. Founded by Andre C. Dimitriadis on May 12,1992, LTC Properties continues to maintain its headquarters in Westlake Village, CA.
The company’s shares opened at $32.50 on Monday with a fifty day moving average price of $33.76 and two hundred day moving average price of $36.11 respectively.The company has a current ratio and quick ratio both at 17:30 with a debt-to-equity-ratio of 1:04 . Furthermore ,it has noted that the company’s twelve month high is $45.49 while its low is at $31.90.The entire market capitalization for the company currently stands at a staggering $1.35 billion with a price-to-earnings ratio of 11:13 as well as a beta standingat 0:95
Investing in real estate portfolios can be one way for investors to increase their passive income or build up their reserves for long-term financial security.LTC Properties focus on senior care facilities makes it an attractive investment opportunity for investors seeking exposure to these aspects of real estate.
As we see Swiss National bank doing by raising their stake in this holding.
However, as with any investment, there are inherent risks involved that should be properly weighed before committing funds. Nonetheless investors may find this company worth researching further and making an informed decision based on their objectives and tolerance for risk.
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Institutional Investors and Hedge Funds Eyeing Profitable Potential in LTC Properties
LTC Properties, a real estate investment trust (REIT), has been on the radar of numerous institutional investors and hedge funds in recent times. SRS Capital Advisors Inc., Quadrant Capital Group LLC, Point72 Hong Kong Ltd., Rockefeller Capital Management L.P., and Tower Research Capital LLC TRC are some of the companies that have acquired or grown their positions in LTC Properties.
SRS Capital Advisors Inc. acquired a new position in shares of LTC Properties during the third quarter of 2022, worth about $39,000. Quadrant Capital Group LLC also grew its position by 282.1% during the same period, increasing its ownership to 1,047 shares worth $39,000 after buying an additional 773 shares. Point72 Hong Kong Ltd acquired a new position during the second quarter valued at about $41,000. Meanwhile, Rockefeller Capital Management L.P. grew its position in LTC Properties by an impressive 1,831.1%, now owning 2,047 shares worth $75,000 after buying an additional 1,941 shares during the period.
Tower Research Capital LLC TRC also grew its position in LTC Properties by 59.1% – now owning over 2k shares worth $87k after adding an extra 869 shares to their portfolio during the third quarter of last year.
Data from Bloomberg reveals that approximately 72.68% of all LTCC owned is owned by hedge funds and other institutional investors.
As per industry experts’ ratings received from Bloomberg’s report – from one ‘sell’ rating to four ‘hold.’ Besides this rating trend; three have issued a buy rating for LTC properties average target price stands at around $38.89.
In May this year, business declared a monthly dividend to be paid on June 30th; stockholders will receive a dividend payment of $0.19 on record as of June 22nd with ex-dividend accomplished the day before this date. With an annualized dividend of $2.28 per share, and a dividend yield of 7.02%, investors keep an eye on the REIT’s next moves.
Institutional investors’ growing interest in LTC Properties’ stock suggests that they consider it to be a potentially profitable investment. While some rating agencies have given mixed reviews and trends, market analysts are likely to keep a close watch on the company’s performance going forward. The recent declaration of a monthly dividend adds confidence to LTC Properties’ image as sound investment options among short-term investments. With more significant chunks morphing into acquisitions from institutional investors and hedge funds over time, the likelihood of similar trends expected reverse or retain should undoubtedly be closely watched by prospective investors alike. Time will tell if their strategy pays off or not, but with rising dividend payments, shareholders would be pleased with their current positions in the company.
