Cantor Fitzgerald Cuts LTC Properties (NYSE:LTC) Price Target to $40.00

LTC Properties (NYSE:LTC) had its price objective lowered by Cantor Fitzgerald from $42.00 to $40.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on the company. Royal Bank Of Canada increased their price target on LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Friday, March 20th. Wells Fargo & Company raised their price objective on LTC Properties from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, March 26th. Finally, Weiss Ratings raised LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.40.

LTC Properties Price Performance

LTC opened at $38.63 on Monday. LTC Properties has a 12-month low of $33.64 and a 12-month high of $40.80. 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’s fifty day simple moving average is $38.46 and its 200-day simple moving average is $37.02. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 15.64 and a beta of 0.59.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.17. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The business had revenue of $94.41 million for the quarter, compared to the consensus estimate of $72.98 million. During the same quarter in the prior year, the company earned $0.65 EPS. The business’s revenue was up 94.7% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. On average, equities research analysts anticipate that LTC Properties will post 2.77 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, June 30th. Shareholders of record on Monday, June 22nd will be paid a $0.19 dividend. The ex-dividend date is Monday, June 22nd. This represents a c) dividend on an annualized basis and a yield of 5.9%. LTC Properties’s dividend payout ratio (DPR) is 92.31%.

Insider Buying and Selling

In other LTC Properties news, Director David L. Gruber purchased 7,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was bought at an average cost of $38.00 per share, for a total transaction of $266,000.00. Following the completion of the purchase, the director owned 36,931 shares in the company, valued at $1,403,378. This represents a 23.39% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake in shares of LTC Properties by 75.0% in the third quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 300 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of LTC Properties by 187.5% in the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 587 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of LTC Properties in the third quarter worth about $41,000. Hantz Financial Services Inc. raised its stake in shares of LTC Properties by 701.3% in the third quarter. Hantz Financial Services Inc. now owns 1,258 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,101 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of LTC Properties by 33.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 340 shares during the last quarter. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

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.