LTC Properties (NYSE:LTC) Releases Quarterly Earnings Results, Beats Expectations By $1.41 EPS

LTC Properties (NYSE:LTC) released its earnings results on Tuesday. The real estate investment trust reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $1.41, reports. The company had revenue of $82.11 million for the quarter, compared to analysts’ expectations of $84.23 million. LTC Properties had a net margin of 14.58% and a return on equity of 3.22%. LTC Properties’s revenue for the quarter was up 60.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 EPS. LTC Properties updated its FY 2026 guidance to 2.750-2.790 EPS and its Q1 2026 guidance to 0.660-0.680 EPS.

LTC Properties Price Performance

NYSE:LTC traded down $0.30 during trading hours on Wednesday, reaching $38.76. The stock had a trading volume of 41,758 shares, compared to its average volume of 407,713. The stock has a market capitalization of $1.85 billion, a PE ratio of 53.63 and a beta of 0.62. LTC Properties has a 52 week low of $31.70 and a 52 week high of $40.05. The company has a 50 day moving average price of $36.43 and a two-hundred day moving average price of $35.97. The company has a debt-to-equity ratio of 0.90, a quick ratio of 8.68 and a current ratio of 8.68.

LTC Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be issued a dividend of $0.19 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Monday, March 23rd. LTC Properties’s dividend payout ratio (DPR) is currently 316.67%.

Insider Activity at LTC Properties

In other LTC Properties news, EVP David M. Boitano bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average cost of $34.44 per share, with a total value of $344,400.00. Following the completion of the acquisition, the executive vice president owned 25,626 shares in the company, valued at $882,559.44. This trade represents a 64.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On LTC Properties

A number of institutional investors and hedge funds have recently made changes to their positions in LTC. Royal Bank of Canada raised its position in shares of LTC Properties by 37.7% during the 1st quarter. Royal Bank of Canada now owns 21,344 shares of the real estate investment trust’s stock valued at $757,000 after buying an additional 5,840 shares in the last quarter. AQR Capital Management LLC increased its stake in LTC Properties by 2.8% during the first quarter. AQR Capital Management LLC now owns 29,259 shares of the real estate investment trust’s stock worth $1,037,000 after acquiring an additional 806 shares during the last quarter. Creative Planning increased its stake in LTC Properties by 40.6% during the second quarter. Creative Planning now owns 11,198 shares of the real estate investment trust’s stock worth $388,000 after acquiring an additional 3,235 shares during the last quarter. American Century Companies Inc. raised its position in LTC Properties by 7.4% during the second quarter. American Century Companies Inc. now owns 18,865 shares of the real estate investment trust’s stock valued at $653,000 after purchasing an additional 1,294 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of LTC Properties by 61.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,667 shares of the real estate investment trust’s stock valued at $404,000 after purchasing an additional 4,447 shares during the last quarter. 69.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on LTC. Wells Fargo & Company raised their price target on LTC Properties from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Royal Bank Of Canada increased their target price on LTC Properties from $37.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of LTC Properties in a report on Monday, December 29th. Finally, Cantor Fitzgerald set a $36.00 price target on LTC Properties in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, LTC Properties currently has an average rating of “Hold” and a consensus price target of $38.60.

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.