LTC Properties (NYSE:LTC) Director Purchases $153,640.00 in Stock

LTC Properties, Inc. (NYSE:LTC) Director David Gruber bought 4,000 shares of LTC Properties stock in a transaction dated Thursday, May 21st. The stock was purchased at an average price of $38.41 per share, for a total transaction of $153,640.00. Following the purchase, the director directly owned 44,045 shares in the company, valued at $1,691,768.45. This represents a 9.99% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

LTC Properties Stock Up 0.1%

Shares of NYSE:LTC opened at $38.51 on Monday. The company’s fifty day moving average is $38.43 and its 200-day moving average is $37.19. The company has a debt-to-equity ratio of 0.73, a quick ratio of 9.20 and a current ratio of 9.20. LTC Properties, Inc. has a 52 week low of $33.64 and a 52 week high of $40.80. The company has a market capitalization of $1.97 billion, a PE ratio of 15.59 and a beta of 0.59.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The business had revenue of $94.41 million during the quarter, compared to analysts’ expectations of $72.98 million. During the same period in the previous year, the business posted $0.65 earnings per share. The firm’s revenue for the quarter was up 94.7% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Equities research analysts predict that LTC Properties, Inc. will post 2.77 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The firm 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) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, June 22nd. LTC Properties’s payout ratio is currently 92.31%.

Wall Street Analysts Forecast Growth

LTC has been the subject of a number of research analyst reports. Royal Bank Of Canada lifted 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. Wells Fargo & Company lifted 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. Cantor Fitzgerald cut their price target on LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, Weiss Ratings raised LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, LTC Properties currently has an average rating of “Moderate Buy” and a consensus target price of $40.40.

Institutional Trading of LTC Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its holdings in LTC Properties by 3.4% during the 4th quarter. ProShare Advisors LLC now owns 8,874 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 291 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in LTC Properties by 75.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 300 shares during the last quarter. Maryland State Retirement & Pension System raised its holdings in LTC Properties by 5.0% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,028 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 336 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in LTC Properties by 33.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 340 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in LTC Properties by 27.7% during the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 348 shares during the last quarter. 69.25% of the stock is owned by institutional investors.

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.