LTC Properties (NYSE:LTC) Hits New 52-Week High – Time to Buy?

LTC Properties, Inc. (NYSE:LTC) shares reached a new 52-week high on Thursday. The stock traded as high as $44.18 and last traded at $44.0950, with a volume of 40,756 shares traded. The stock had previously closed at $43.20.

Analyst Ratings Changes

Several equities analysts have commented on the company. Huntington assumed coverage on LTC Properties in a report on Thursday, September 10th. They set an “outperform” rating and a $47.00 price target on the stock. Wells Fargo & Company raised their target price on shares of LTC Properties from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft upgraded shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Thursday, August 27th. Nomura upgraded shares of LTC Properties to a “neutral” rating in a report on Friday, August 14th. Finally, Weiss Ratings lowered shares of LTC Properties from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, September 24th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.50.

LTC Properties Trading Up 2.0%

The company has a current ratio of 8.60, a quick ratio of 8.60 and a debt-to-equity ratio of 0.58. The business’s fifty day simple moving average is $41.63 and its two-hundred day simple moving average is $39.68. The stock has a market capitalization of $2.37 billion, a P/E ratio of 16.27 and a beta of 0.55.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share (EPS) 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 company had revenue of $98.08 million for the quarter, compared to analyst estimates of $79.01 million. During the same period last year, the business posted $0.68 EPS. The business’s quarterly revenue was up 63.6% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, analysts forecast that LTC Properties, Inc. will post 2.78 earnings per share for the current year.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 23rd will be paid a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Wednesday, December 23rd. LTC Properties’s dividend payout ratio (DPR) is presently 84.13%.

Insiders Place Their Bets

In other news, Director David Gruber bought 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $38.30 per share, with a total value of $134,050.00. Following the completion of the transaction, the director directly owned 47,545 shares in the company, valued at $1,820,973.50. This represents a 7.95% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Institutional Trading of LTC Properties

Hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of LTC Properties during the 2nd quarter worth approximately $345,915,000. Alyeska Investment Group L.P. acquired a new position in shares of LTC Properties in the second quarter valued at $34,396,000. Advisors Capital Management LLC acquired a new position in shares of LTC Properties in the second quarter valued at $31,148,000. Wellington Management Group LLP lifted its position in LTC Properties by 21.1% in the second quarter. Wellington Management Group LLP now owns 728,696 shares of the real estate investment trust’s stock worth $28,018,000 after purchasing an additional 126,884 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in LTC Properties by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 676,970 shares of the real estate investment trust’s stock worth $25,157,000 after purchasing an additional 20,864 shares during the period. 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 invests in healthcare-related properties. The company focuses primarily on senior housing and healthcare real estate, including assisted living, memory care, independent living and skilled nursing facilities.

LTC supports its portfolio through a range of investment structures, including property acquisitions, long-term leases, mortgage loans, mezzanine financing, preferred equity investments and joint ventures. Its properties are generally operated by third-party healthcare providers under lease or other investment arrangements.

Founded in 1992, LTC Properties serves markets across the United States.