LTC Properties, Inc. (NYSE:LTC) Receives Consensus Rating of “Moderate Buy” from Brokerages

LTC Properties, Inc. (NYSE:LTC) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.60.

Several equities research analysts recently commented on LTC shares. Weiss Ratings raised LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, February 27th. Wells Fargo & Company increased their price target on LTC Properties from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, March 26th. Finally, Royal Bank Of Canada increased their price target on LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a report on Friday, March 20th.

LTC Properties Price Performance

Shares of LTC Properties stock opened at $38.50 on Thursday. LTC Properties has a 12 month low of $33.64 and a 12 month high of $40.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 8.04 and a quick ratio of 8.04. The stock has a market capitalization of $1.91 billion, a P/E ratio of 15.78 and a beta of 0.59. The business has a 50 day simple moving average of $38.57 and a two-hundred day simple moving average of $36.90.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.52 by $0.17. LTC Properties had a return on equity of 10.95% and a net margin of 44.82%.The firm had revenue of $94.41 million during the quarter, compared to analysts’ expectations of $72.98 million. During the same quarter last year, the firm earned $0.65 earnings per share. The business’s revenue for the quarter was up 94.7% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. As a group, analysts predict that LTC Properties will post 2.8 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be issued a $0.19 dividend. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, June 22nd. LTC Properties’s dividend payout ratio (DPR) is currently 93.44%.

Insider Activity at LTC Properties

In related news, Director David L. Gruber purchased 7,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average price of $38.00 per share, with a total value of $266,000.00. Following the completion of the acquisition, the director owned 36,931 shares in the company, valued at $1,403,378. This trade represents a 23.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On LTC Properties

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in LTC Properties by 37.7% in the first quarter. Royal Bank of Canada now owns 21,344 shares of the real estate investment trust’s stock worth $757,000 after acquiring an additional 5,840 shares during the period. AQR Capital Management LLC grew its position in LTC Properties by 2.8% in 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 period. Creative Planning grew its position in LTC Properties by 40.6% in 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 period. American Century Companies Inc. grew its position in LTC Properties by 7.4% in the second quarter. American Century Companies Inc. now owns 18,865 shares of the real estate investment trust’s stock worth $653,000 after acquiring an additional 1,294 shares during the period. Finally, Russell Investments Group Ltd. grew its position in LTC Properties by 61.6% in the second quarter. Russell Investments Group Ltd. now owns 11,667 shares of the real estate investment trust’s stock worth $404,000 after acquiring an additional 4,447 shares during the period. 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.