LTC Properties (NYSE:LTC) Hits New 12-Month High – Should You Buy?

LTC Properties, Inc. (NYSE:LTC)’s stock price reached a new 52-week high on Monday. The stock traded as high as $44.63 and last traded at $44.4590, with a volume of 36,369 shares trading hands. The stock had previously closed at $43.75.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LTC. Nomura raised shares of LTC Properties to a “neutral” rating in a research report on Friday, August 14th. Weiss Ratings downgraded LTC Properties from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, September 24th. Huntington initiated coverage on LTC Properties in a research report on Thursday, September 10th. They issued an “outperform” rating and a $47.00 price target on the stock. Wells Fargo & Company raised their price objective on LTC Properties from $42.00 to $43.00 and gave the company an “equal weight” rating in a research note on Monday, October 19th. Finally, Deutsche Bank Aktiengesellschaft upgraded LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Thursday, August 27th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.40.

LTC Properties Stock Performance

The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60. The firm has a market capitalization of $2.38 billion, a P/E ratio of 16.27 and a beta of 0.55. The stock has a fifty day simple moving average of $42.17 and a two-hundred day simple moving average of $39.95.

LTC Properties (NYSE:LTC) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $79.01 million. During the same quarter in the prior year, the firm earned $0.68 EPS. The business’s 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. On average, research analysts predict that LTC Properties, Inc. will post 2.77 EPS for the current year.

LTC Properties Announces Dividend

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

Insider Transactions at LTC Properties

In related news, Director David Gruber purchased 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $38.30 per share, for a total transaction of $134,050.00. Following the completion of the acquisition, the director owned 47,545 shares of the company’s stock, valued at $1,820,973.50. This represents a 7.95% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On LTC Properties

Several hedge funds have recently modified their holdings of LTC. Signaturefd LLC grew its holdings in shares of LTC Properties by 113.5% in the third quarter. Signaturefd LLC now owns 1,266 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 673 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of LTC Properties by 6.5% during the third quarter. Wedbush Securities Inc. now owns 9,758 shares of the real estate investment trust’s stock valued at $418,000 after acquiring an additional 594 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in LTC Properties by 4.1% during the third quarter. Yousif Capital Management LLC now owns 13,601 shares of the real estate investment trust’s stock worth $583,000 after acquiring an additional 531 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in LTC Properties by 42.2% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,967 shares of the real estate investment trust’s stock worth $642,000 after purchasing an additional 4,442 shares during the last quarter. Finally, Cordatus Wealth Management LLC bought a new position in LTC Properties in the 3rd quarter valued at $325,000. Institutional investors own 69.25% of the company’s stock.

About LTC Properties

LTC Properties, Inc is a real estate investment trust (REIT) that invests in healthcare-related real estate. The company focuses primarily on properties serving older adults, including skilled nursing facilities, assisted living communities, memory care facilities and independent living properties.

LTC Properties generally generates revenue through long-term leases, mortgage loans and other investments involving healthcare operators and property owners. Its investment activities may include property acquisitions, sale-leaseback transactions, joint ventures and financing arrangements.