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David M. Boitano, Executive Vice President and CIO of LTC Properties INC (NYSE:LTC), a healthcare REIT with a market capitalization of $1.59 billion and an impressive 6.61% dividend yield, recently purchased shares of the company’s common stock. According to InvestingPro data, the company maintains a GREAT financial health score and has sustained dividend payments for 24 consecutive years. According to a Form 4 filing with the Securities and Exchange Commission, Boitano acquired a total of 10,000 shares in three separate transactions, with the price ranging from $34.5 to $34.8 per share.
The purchases, all marked as acquisitions, amounted to a total investment of $346260. Following these transactions, Boitano directly owns 15,626 shares of LTC Properties.
In other recent news, LTC Properties reported its first-quarter 2025 earnings, which showed a slight miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.45, falling short of the projected $0.4567, while revenue reached $31.44 million, below the expected $37.3 million. Despite these results, analysts at RBC Capital Markets maintained a Sector Perform rating for LTC Properties, with a price target of $36.00. The firm noted the company’s launch of its Senior Housing (NASDAQ:DHC) Operating Portfolio (SHOP) platform as a significant development. Analysts have slightly increased their earnings estimates for LTC Properties, anticipating that the SHOP platform could enhance the company’s earnings performance. The company’s strategic initiatives, including leadership changes and the expansion of the SHOP platform, have been highlighted as key areas of focus. LTC Properties provided guidance for the full year 2025, projecting Core FFO per share between $2.65 and $2.69, and Core FAD per share between $2.78 and $2.82. The investment pipeline currently stands at $300 million, with significant opportunities in RIDEA conversions, which are expected to drive future growth.
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