LTC Properties (NYSE:LTC) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

LTC Properties (NYSE:LTC) had its price target lifted by investment analysts at Wells Fargo & Company from $37.00 to $39.00 in a report released on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 4.70% from the stock’s previous close.

Several other research firms have also recently weighed in on LTC. Cantor Fitzgerald set a $36.00 price objective on LTC Properties in a research report on Monday, January 5th. Weiss Ratings upgraded shares of LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 27th. Finally, Royal Bank Of Canada increased their price target on shares of LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.60.

LTC Properties Trading Up 0.2%

LTC Properties stock opened at $37.25 on Thursday. LTC Properties has a 52 week low of $31.70 and a 52 week high of $40.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 8.04 and a current ratio of 8.04. The firm has a market capitalization of $1.81 billion, a PE ratio of 15.27 and a beta of 0.59. The business’s 50-day simple moving average is $38.07 and its 200-day simple moving average is $36.35.

LTC Properties (NYSE:LTC) last announced its earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 earnings per share for the quarter, beating the consensus estimate of $0.68 by $1.41. The firm had revenue of $82.11 million during the quarter, compared to the consensus estimate of $84.23 million. LTC Properties had a return on equity of 10.95% and a net margin of 44.82%.The firm’s revenue for the quarter was up 60.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 EPS. 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 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 acquired 7,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were bought at an average price of $38.00 per share, with a total value of $266,000.00. Following the acquisition, the director owned 36,931 shares of the company’s stock, valued at $1,403,378. This trade represents a 23.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 price of $34.44 per share, with a total value of $344,400.00. Following the completion of the purchase, the executive vice president directly owned 25,626 shares of the company’s stock, valued at $882,559.44. This represents a 64.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LTC Properties

A number of hedge funds have recently made changes to their positions in LTC. Vanguard Group Inc. lifted its holdings in shares of LTC Properties by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust’s stock worth $248,843,000 after acquiring an additional 125,889 shares during the period. State Street Corp raised its position in LTC Properties by 2.0% in the second quarter. State Street Corp now owns 3,163,763 shares of the real estate investment trust’s stock worth $109,498,000 after purchasing an additional 61,678 shares in the last quarter. Geode Capital Management LLC raised its position in LTC Properties by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,266,992 shares of the real estate investment trust’s stock worth $43,566,000 after purchasing an additional 12,547 shares in the last quarter. American Century Companies Inc. lifted its stake in LTC Properties by 4,205.5% during the third quarter. American Century Companies Inc. now owns 812,235 shares of the real estate investment trust’s stock worth $29,939,000 after purchasing an additional 793,370 shares during the period. Finally, Advisors Capital Management LLC lifted its stake in LTC Properties by 1.7% during the fourth quarter. Advisors Capital Management LLC now owns 763,536 shares of the real estate investment trust’s stock worth $26,250,000 after purchasing an additional 12,847 shares during the period. Institutional investors and hedge funds own 69.25% of the company’s stock.

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.