LTC Properties (NYSE:LTC) Coverage Initiated at Huntington

Huntington assumed coverage on shares of LTC Properties (NYSE:LTC) in a research note issued on Thursday, Briefing.com reports. The brokerage set an “outperform” rating and a $47.00 price target on the real estate investment trust’s stock. Huntington’s price objective points to a potential upside of 10.38% from the company’s current price.

LTC has been the subject of several other reports. Deutsche Bank Aktiengesellschaft raised shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Thursday, August 27th. Wells Fargo & Company increased their price target on shares of LTC Properties from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 1st. Weiss Ratings upgraded shares of LTC Properties from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday. Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Finally, Royal Bank Of Canada upgraded shares of LTC Properties from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $41.00 to $45.00 in a report on Friday, August 14th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, LTC Properties presently has a consensus rating of “Moderate Buy” and an average price target of $44.43.

LTC Properties Price Performance

LTC opened at $42.58 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 8.60 and a current ratio of 8.60. The stock has a market capitalization of $2.30 billion, a PE ratio of 15.71 and a beta of 0.58. The stock’s 50 day moving average price is $40.45 and its 200-day moving average price is $38.95. LTC Properties has a 52-week low of $33.64 and a 52-week high of $43.00.

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, topping analysts’ consensus estimates of $0.48 by $0.08. The company had revenue of $98.08 million during the quarter, compared to analyst estimates of $79.01 million. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.The firm’s revenue was up 63.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. On average, equities research analysts predict that LTC Properties will post 2.78 EPS for the current year.

Insider Buying and Selling

In related news, Director David Gruber acquired 3,500 shares of LTC Properties stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average price of $38.30 per share, with a total value of $134,050.00. Following the transaction, the director directly owned 47,545 shares in the company, valued at approximately $1,820,973.50. This represents a 7.95% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy Triche sold 3,125 shares of LTC Properties stock in a transaction on Monday, July 13th. The shares were sold at an average price of $39.54, for a total value of $123,562.50. Following the transaction, the director owned 37,786 shares of the company’s stock, valued at $1,494,058.44. The trade was a 7.64% decrease in their position. The SEC filing for this sale provides additional information. 2.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On LTC Properties

Large investors have recently modified their holdings of the stock. Optiver Holding B.V. boosted its stake 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 worth $29,000 after purchasing an additional 467 shares in the last quarter. Nykredit A S bought a new stake in LTC Properties during the 2nd quarter valued at about $46,000. Markowski Investments purchased a new position in LTC Properties in the second quarter worth about $49,000. Hantz Financial Services Inc. raised its holdings in LTC Properties by 27.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 348 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in LTC Properties in the second quarter worth about $72,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.

LTC Properties Company 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.