LTC Properties (NYSE:LTC) Price Target Raised to $41.00

LTC Properties (NYSE:LTC) had its price target raised by Royal Bank Of Canada from $38.00 to $41.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

A number of other analysts have also recently commented on LTC. Weiss Ratings upgraded LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Wells Fargo & Company upped their target price on shares of LTC Properties from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Finally, Cantor Fitzgerald set a $36.00 target price on shares of LTC Properties in a research report on Monday, January 5th. One research 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 company. Based on data from MarketBeat.com, LTC Properties presently has a consensus rating of “Moderate Buy” and an average target price of $39.20.

LTC Properties Trading Down 4.7%

Shares of LTC opened at $36.59 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 8.04 and a quick ratio of 8.04. LTC Properties has a 1-year low of $31.70 and a 1-year high of $40.80. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 15.00 and a beta of 0.59. The firm has a 50 day simple moving average of $37.97 and a 200-day simple moving average of $36.33.

LTC Properties (NYSE:LTC) last posted its earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $1.41. LTC Properties had a return on equity of 10.95% and a net margin of 44.82%.The firm had revenue of $82.11 million for the quarter, compared to analyst estimates of $84.23 million. During the same quarter in the prior year, the company earned $0.72 EPS. LTC Properties’s 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. Equities analysts forecast that LTC Properties will post 2.79 EPS for the current fiscal year.

LTC Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be issued a dividend of $0.19 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Monday, March 23rd. LTC Properties’s dividend payout ratio is presently 93.44%.

Insider Buying and Selling

In related news, Director David L. Gruber bought 7,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average cost of $38.00 per share, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David M. Boitano purchased 10,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were bought at an average cost of $34.44 per share, for a total transaction of $344,400.00. Following the purchase, the executive vice president owned 25,626 shares of the company’s stock, valued at $882,559.44. This trade represents a 64.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LTC Properties

A number of institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its stake in shares of LTC Properties by 23.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,534 shares of the real estate investment trust’s stock valued at $87,000 after purchasing an additional 482 shares in the last quarter. Hsbc Holdings PLC lifted its position in LTC Properties by 51.6% during the fourth quarter. Hsbc Holdings PLC now owns 92,088 shares of the real estate investment trust’s stock valued at $3,165,000 after buying an additional 31,361 shares in the last quarter. CFO Capital Management LLC purchased a new stake in LTC Properties during the fourth quarter worth approximately $318,000. Virtu Financial LLC purchased a new stake in LTC Properties during the fourth quarter worth approximately $458,000. Finally, Invesco Ltd. increased its position in shares of LTC Properties by 0.4% in the fourth quarter. Invesco Ltd. now owns 217,954 shares of the real estate investment trust’s stock worth $7,493,000 after acquiring an additional 850 shares in the last quarter. Hedge funds and other institutional investors 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.