LTC Properties, Inc. (NYSE:LTC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of LTC Properties, Inc. (NYSE:LTC) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $41.40.

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada raised shares of LTC Properties from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $41.00 to $45.00 in a report on Friday, August 14th. Nomura raised shares of LTC Properties to a “neutral” rating in a report on Friday, August 14th. Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a research report on Wednesday, June 10th. Wells Fargo & Company boosted their target price on shares of LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of LTC Properties in a research report on Wednesday, August 5th.

LTC Properties Trading Down 1.0%

Shares of NYSE LTC opened at $40.36 on Friday. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 14.89 and a beta of 0.56. LTC Properties has a 12-month low of $33.64 and a 12-month high of $43.00. 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 stock’s 50 day simple moving average is $39.48 and its 200 day simple moving average is $38.68.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.The firm had revenue of $98.08 million during the quarter, compared to the consensus estimate of $79.01 million. During the same period in the prior year, the business earned $0.68 EPS. The firm’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. Equities research analysts expect that LTC Properties will post 2.77 EPS for the current year.

LTC Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 5.6%. LTC Properties’s payout ratio is currently 84.13%.

Insider Transactions at LTC Properties

In other LTC Properties news, Director David L. Gruber acquired 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $38.30 per share, with a total value of $134,050.00. Following the acquisition, the director directly 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 is accessible through this hyperlink. Also, Director Timothy Triche sold 3,125 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $39.54, for a total value of $123,562.50. Following the completion of the sale, the director owned 37,786 shares in the company, valued at approximately $1,494,058.44. This represents a 7.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders acquired 14,000 shares of company stock worth $500,900. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of LTC Properties during the second quarter valued at about $345,915,000. Alyeska Investment Group L.P. bought a new position in LTC Properties in the 2nd quarter valued at about $34,396,000. Advisors Capital Management LLC acquired a new position in LTC Properties during the 2nd quarter valued at about $31,148,000. Bank of New York Mellon Corp acquired a new position in LTC Properties during the 2nd quarter valued at about $20,008,000. Finally, Eversept Partners LP bought a new stake in shares of LTC Properties during the 1st quarter worth about $11,930,000. 69.25% of the stock is owned by institutional investors and hedge funds.

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.