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

Shares of LTC Properties, Inc. (NYSE:LTC) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $40.60.

Several brokerages have recently weighed in on LTC. 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. Wells Fargo & Company raised their price target on shares of LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Citigroup restated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Finally, Cantor Fitzgerald decreased their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 11th.

LTC Properties Stock Up 1.0%

Shares of LTC stock opened at $42.18 on Tuesday. LTC Properties has a one year low of $33.64 and a one year high of $43.00. The company has a debt-to-equity ratio of 0.73, a current ratio of 9.20 and a quick ratio of 9.20. The stock has a fifty day moving average price of $38.41 and a 200 day moving average price of $38.15. The stock has a market cap of $2.16 billion, a P/E ratio of 17.08 and a beta of 0.57.

LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.17. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The firm had revenue of $94.41 million for the quarter, compared to analyst estimates of $72.98 million. During the same quarter in the previous year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 94.7% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Analysts predict that LTC Properties will post 2.8 earnings per share for the current year.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be given a dividend of $0.19 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Tuesday, September 22nd. LTC Properties’s dividend payout ratio (DPR) is 92.31%.

Insider Activity at LTC Properties

In related news, Director David L. Gruber purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average price of $38.41 per share, with a total value 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David M. Boitano purchased 10,000 shares of the stock in a transaction on Thursday, June 4th. The stock was bought at an average price of $34.77 per share, for a total transaction of $347,700.00. Following the completion of the transaction, the executive vice president directly owned 46,160 shares of the company’s stock, valued at approximately $1,604,983.20. This trade represents a 27.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.20% of the stock is owned by insiders.

Institutional Investors Weigh In On LTC Properties

Several large investors have recently made changes to their positions in the company. Handelsbanken Fonder AB increased its position in shares of LTC Properties by 13.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 29,830 shares of the real estate investment trust’s stock worth $1,147,000 after purchasing an additional 3,600 shares in the last quarter. Pensionfund PDN boosted its position in LTC Properties by 7.2% in the second quarter. Pensionfund PDN now owns 44,500 shares of the real estate investment trust’s stock valued at $1,711,000 after buying an additional 3,000 shares in the last quarter. Pensionfund Sabic boosted its position in LTC Properties by 10.3% in the second quarter. Pensionfund Sabic now owns 21,500 shares of the real estate investment trust’s stock valued at $827,000 after buying an additional 2,000 shares in the last quarter. Optiver Holding B.V. grew its stake in LTC Properties by 153.1% during the first quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 467 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in LTC Properties by 37.0% during the first quarter. Bank of America Corp DE now owns 170,814 shares of the real estate investment trust’s stock worth $6,347,000 after buying an additional 46,163 shares during the last quarter. 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.