LTC Properties (NYSE:LTC) Stock Crosses Above 200-Day Moving Average – Should You Sell?

LTC Properties, Inc. (NYSE:LTC) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.28 and traded as high as $37.78. LTC Properties shares last traded at $36.9380, with a volume of 577,789 shares traded.

Wall Street Analyst Weigh In

LTC has been the subject of a number of research analyst reports. Cantor Fitzgerald dropped their price objective on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Weiss Ratings upgraded shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Royal Bank Of Canada boosted their price objective on shares of LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a research report on Friday, March 20th. Wells Fargo & Company boosted their price objective on shares of LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Finally, Citigroup restated a “market outperform” rating on shares of LTC Properties in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.60.

LTC Properties Price Performance

The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 0.73. The firm’s 50-day moving average is $38.15 and its 200-day moving average is $37.28. The company has a market cap of $1.89 billion, a PE ratio of 14.95 and a beta of 0.57.

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

LTC Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be issued a $0.19 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Monday, June 22nd. LTC Properties’s dividend payout ratio is 92.31%.

Insider Transactions at LTC Properties

In other LTC Properties news, EVP David M. Boitano acquired 10,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were acquired at an average price of $34.77 per share, for a total transaction of $347,700.00. Following the completion of the acquisition, the executive vice president owned 46,160 shares in the company, valued at $1,604,983.20. This trade represents a 27.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David L. Gruber acquired 4,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $38.41 per share, for a total transaction of $153,640.00. Following the acquisition, the director owned 44,045 shares of the company’s stock, valued at approximately $1,691,768.45. This trade represents a 9.99% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LTC Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of LTC. Royal Bank of Canada grew its holdings in shares of LTC Properties by 37.7% during the first quarter. Royal Bank of Canada now owns 21,344 shares of the real estate investment trust’s stock valued at $757,000 after buying an additional 5,840 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of LTC Properties by 2.8% during the first quarter. AQR Capital Management LLC now owns 29,259 shares of the real estate investment trust’s stock valued at $1,037,000 after buying an additional 806 shares during the last quarter. Creative Planning grew its holdings in shares of LTC Properties by 40.6% during the second quarter. Creative Planning now owns 11,198 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 3,235 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of LTC Properties by 7.4% during the second quarter. American Century Companies Inc. now owns 18,865 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 1,294 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of LTC Properties by 61.6% during the second quarter. Russell Investments Group Ltd. now owns 11,667 shares of the real estate investment trust’s stock valued at $404,000 after buying an additional 4,447 shares during 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.