Royal Bank Of Canada Issues Positive Forecast for LTC Properties (NYSE:LTC) Stock Price

LTC Properties (NYSE:LTC) had its price objective increased by investment analysts at Royal Bank Of Canada from $38.00 to $41.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target points to a potential upside of 9.13% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. Weiss Ratings upgraded shares of LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, February 27th. Cantor Fitzgerald set a $36.00 price target on shares of LTC Properties in a research note on Monday, January 5th. Finally, Wells Fargo & Company upped their price objective on LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, LTC Properties has an average rating of “Moderate Buy” and an average price target of $39.20.

LTC Properties Trading Down 2.1%

NYSE LTC traded down $0.81 during trading on Friday, hitting $37.57. The stock had a trading volume of 89,405 shares, compared to its average volume of 411,713. The company has a quick ratio of 8.04, a current ratio of 8.04 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $1.82 billion, a PE ratio of 15.40 and a beta of 0.59. The firm has a 50 day moving average price of $37.94 and a 200 day moving average price of $36.32. LTC Properties has a twelve month low of $31.70 and a twelve month high of $40.80.

LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $1.41. LTC Properties had a net margin of 44.82% and a return on equity of 10.95%. The business had revenue of $82.11 million for the quarter, compared to analysts’ expectations of $84.23 million. During the same quarter in the prior year, the company earned $0.72 earnings per share. The business’s quarterly revenue was up 60.3% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS and its Q1 2026 guidance at 0.660-0.680 EPS. As a group, equities research analysts forecast that LTC Properties will post 2.79 earnings per share for the current year.

Insider Activity at LTC Properties

In other news, Director David L. Gruber purchased 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average price of $38.00 per share, for a total transaction of $266,000.00. Following the completion of the purchase, the director directly owned 36,931 shares of the company’s stock, valued at $1,403,378. The trade was a 23.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David M. Boitano purchased 10,000 shares of the stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of $34.44 per share, with a total value of $344,400.00. Following the acquisition, the executive vice president directly owned 25,626 shares in the company, valued at $882,559.44. This represents a 64.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On LTC Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake in 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 valued at $26,000 after buying an additional 300 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of LTC Properties by 187.5% during the 4th 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 in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of LTC Properties by 55.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 984 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 352 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of LTC Properties in the 3rd quarter valued at about $41,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of LTC Properties during the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 69.25% of the company’s stock.

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.