LTC Properties, Inc. (NYSE:LTC) Receives Consensus Rating of “Hold” from Analysts

LTC Properties, Inc. (NYSE:LTC) has been assigned an average recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $38.60.

A number of research analysts recently commented on the company. Wells Fargo & Company upped their target price on LTC Properties from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Royal Bank Of Canada boosted their price target on shares of LTC Properties from $37.00 to $38.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. JMP Securities restated a “market outperform” rating and issued a $43.00 price objective on shares of LTC Properties in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LTC Properties in a report on Monday, December 29th. Finally, Cantor Fitzgerald set a $36.00 target price on shares of LTC Properties in a research report on Monday, January 5th.

Insider Buying and Selling at LTC Properties

In related news, EVP David M. Boitano acquired 10,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was purchased at an average cost of $34.44 per share, for a total transaction 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. The trade was a 64.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David L. Gruber acquired 1,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were bought at an average cost of $35.94 per share, with a total value of $35,940.00. Following the completion of the acquisition, the director owned 29,834 shares of the company’s stock, valued at approximately $1,072,233.96. This trade represents a 3.47% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders purchased 15,000 shares of company stock worth $521,980. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On LTC Properties

Large investors have recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in LTC Properties by 4,205.5% during the 3rd quarter. American Century Companies Inc. now owns 812,235 shares of the real estate investment trust’s stock valued at $29,939,000 after purchasing an additional 793,370 shares during the last quarter. Advisors Capital Management LLC increased its holdings in shares of LTC Properties by 51.9% during the second quarter. Advisors Capital Management LLC now owns 723,003 shares of the real estate investment trust’s stock worth $25,023,000 after buying an additional 246,919 shares in the last quarter. Keybank National Association OH acquired a new stake in shares of LTC Properties during the third quarter worth approximately $7,931,000. Millennium Management LLC raised its stake in shares of LTC Properties by 74.1% in the third quarter. Millennium Management LLC now owns 442,930 shares of the real estate investment trust’s stock valued at $16,326,000 after acquiring an additional 188,447 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of LTC Properties in the 3rd quarter worth approximately $6,797,000. Institutional investors own 69.25% of the company’s stock.

LTC Properties Stock Down 0.6%

NYSE LTC opened at $36.31 on Tuesday. LTC Properties has a twelve month low of $31.70 and a twelve month high of $37.95. The stock has a market cap of $1.73 billion, a PE ratio of 50.43 and a beta of 0.62. The firm has a 50-day simple moving average of $35.47 and a 200 day simple moving average of $35.55. The company has a debt-to-equity ratio of 0.90, a quick ratio of 8.68 and a current ratio of 8.68.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.65 by $0.04. LTC Properties had a return on equity of 3.22% and a net margin of 14.58%.The firm had revenue of $50.05 million during the quarter, compared to analysts’ expectations of $65.94 million. During the same quarter in the prior year, the firm posted $0.78 EPS. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. LTC Properties has set its FY 2025 guidance at 2.690-2.710 EPS. On average, research analysts forecast that LTC Properties will post 2.79 EPS for the current 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 paid a $0.19 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Monday, March 23rd. LTC Properties’s dividend payout ratio is currently 316.67%.

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.