LTC Properties, Inc. (NYSE:LTC) Receives $40.40 Average PT from Analysts

LTC Properties, Inc. (NYSE:LTC) has been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $40.60.

Several research firms have issued reports on LTC. Wells Fargo & Company raised their price target on shares of LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Cantor Fitzgerald decreased their price target on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Royal Bank Of Canada raised their price target on shares of LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research note on Friday, March 20th. Finally, Weiss Ratings raised shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th.

Insider Activity at LTC Properties

In related news, Director David L. Gruber bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of $38.41 per share, with a total value of $153,640.00. Following the completion of the transaction, the director owned 44,045 shares of the company’s stock, valued at approximately $1,691,768.45. The trade was a 9.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David M. Boitano bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was bought 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 of the company’s stock, valued at approximately $1,604,983.20. The trade was a 27.65% increase in their position. The SEC filing for this purchase provides additional information. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LTC Properties

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its position in shares of LTC Properties by 75.0% in the third quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 300 shares during the last quarter. Optiver Holding B.V. boosted its position in shares of LTC Properties by 153.1% in the first quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 467 shares during the last quarter. Farther Finance Advisors LLC boosted 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 worth $31,000 after acquiring an additional 587 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of LTC Properties in the third quarter worth approximately $41,000. Finally, Hantz Financial Services Inc. boosted its position in shares of LTC Properties by 701.3% in the third quarter. Hantz Financial Services Inc. now owns 1,258 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,101 shares during the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.

LTC Properties Price Performance

LTC Properties stock opened at $36.10 on Monday. LTC Properties has a 12-month low of $33.64 and a 12-month high of $40.80. The stock has a market capitalization of $1.85 billion, a P/E ratio of 14.61 and a beta of 0.57. The firm’s 50-day moving average is $38.20 and its two-hundred day moving average is $37.25. The company has a debt-to-equity ratio of 0.73, a current ratio of 9.20 and a quick ratio of 9.20.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $72.98 million. During the same period last year, the company earned $0.65 EPS. The firm’s revenue for the quarter 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. Equities analysts predict that LTC Properties will post 2.77 earnings per share for the current year.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 6.3%. LTC Properties’s dividend payout ratio (DPR) is currently 92.31%.

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.