LTC Properties (NYSE:LTC) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

LTC Properties, Inc. (NYSE:LTC)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $37.26 and traded as high as $37.83. LTC Properties shares last traded at $37.43, with a volume of 646,808 shares trading hands.

Wall Street Analyst Weigh In

LTC has been the subject of a number of recent research reports. Cantor Fitzgerald decreased their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Wells Fargo & Company boosted their price objective on LTC Properties from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, March 26th. Royal Bank Of Canada boosted their price objective on LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a report on Friday, March 20th. Finally, Weiss Ratings raised LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.40.

LTC Properties Price Performance

The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $38.36 and a 200 day simple moving average of $37.26. The stock has a market capitalization of $1.92 billion, a P/E ratio of 15.15 and a beta of 0.59.

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

LTC Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be paid a $0.19 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Monday, June 22nd. LTC Properties’s payout ratio is presently 92.31%.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, Director David L. Gruber bought 7,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were purchased at an average price of $38.00 per share, for a total transaction of $266,000.00. Following the purchase, the director directly owned 36,931 shares of the company’s stock, valued at approximately $1,403,378. This represents a 23.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by insiders.

Hedge Funds Weigh In On LTC Properties

Hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp boosted its stake in shares of LTC Properties by 75.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 300 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of LTC Properties by 187.5% in the 4th quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 587 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of LTC Properties in the 3rd quarter worth approximately $41,000. Hantz Financial Services Inc. boosted its stake in shares of LTC Properties by 701.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,258 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,101 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of LTC Properties by 33.8% in 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 buying an additional 340 shares during the last quarter. Hedge funds and other institutional investors 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.