LTC Properties (NYSE:LTC) Director Purchases $266,000.00 in Stock

LTC Properties, Inc. (NYSE:LTC) Director David Gruber acquired 7,000 shares of LTC Properties stock in a transaction that occurred on 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 transaction, the director directly owned 36,931 shares in the company, valued at $1,403,378. The trade was a 23.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

LTC Properties Price Performance

Shares of LTC opened at $38.36 on Monday. The company has a quick ratio of 8.04, a current ratio of 8.04 and a debt-to-equity ratio of 0.72. The stock has a market cap of $1.86 billion, a PE ratio of 15.72 and a beta of 0.59. LTC Properties, Inc. has a 12-month low of $31.70 and a 12-month high of $40.80. The business has a 50-day simple moving average of $37.24 and a two-hundred day simple moving average of $36.17.

LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $1.41. The firm had revenue of $82.11 million for the quarter, compared to analyst estimates of $84.23 million. LTC Properties had a return on equity of 10.95% and a net margin of 44.82%.The business’s revenue for the quarter was up 60.3% on a year-over-year basis. During the same period last year, the firm posted $0.72 earnings per share. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS and its Q1 2026 guidance at 0.660-0.680 EPS. Analysts anticipate that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be given a $0.19 dividend. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Monday, March 23rd. LTC Properties’s dividend payout ratio is 93.44%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LTC shares. Royal Bank Of Canada raised their price target on shares of LTC Properties from $37.00 to $38.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. Weiss Ratings raised shares of LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 27th. Cantor Fitzgerald set a $36.00 target price on LTC Properties in a research report on Monday, January 5th. Finally, Wells Fargo & Company raised their target price on LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.60.

Institutional Trading of LTC Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of LTC Properties by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust’s stock worth $248,843,000 after purchasing an additional 125,889 shares during the period. State Street Corp increased its position in shares of LTC Properties by 2.0% during the second quarter. State Street Corp now owns 3,163,763 shares of the real estate investment trust’s stock worth $109,498,000 after buying an additional 61,678 shares during the period. Geode Capital Management LLC increased its position in shares of LTC Properties by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,266,992 shares of the real estate investment trust’s stock worth $43,566,000 after buying an additional 12,547 shares during the period. American Century Companies Inc. raised its stake in LTC Properties by 4,205.5% during the third quarter. American Century Companies Inc. now owns 812,235 shares of the real estate investment trust’s stock worth $29,939,000 after buying an additional 793,370 shares during the last quarter. Finally, Advisors Capital Management LLC raised its stake in LTC Properties by 1.7% during the fourth quarter. Advisors Capital Management LLC now owns 763,536 shares of the real estate investment trust’s stock worth $26,250,000 after buying an additional 12,847 shares during the last quarter. Institutional investors and hedge funds 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.