Brokerages Set LTC Properties, Inc. (NYSE:LTC) PT at $40.60

Shares of LTC Properties, Inc. (NYSE:LTC) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $40.60.

A number of research firms recently commented on LTC. Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Weiss Ratings upgraded LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Wells Fargo & Company boosted their price objective on LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Royal Bank Of Canada boosted their price objective on LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a report on Friday, March 20th. Finally, Cantor Fitzgerald reduced their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 11th.

Insider Buying and Selling

In other news, EVP David M. Boitano acquired 10,000 shares of LTC Properties stock in a transaction dated 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 acquisition, the executive vice president directly owned 46,160 shares in the company, valued at approximately $1,604,983.20. The trade was a 27.65% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David L. Gruber acquired 4,000 shares of LTC Properties stock in a transaction dated Thursday, May 21st. The shares were purchased at an average price of $38.41 per share, with a total value 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 ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On LTC Properties

A number of institutional investors have recently made changes to their positions in LTC. Keudell Morrison Wealth Management bought a new stake in LTC Properties during the fourth quarter worth $1,365,000. American Century Companies Inc. lifted 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 purchasing an additional 793,370 shares during the last quarter. Pensionfund PDN bought a new stake in LTC Properties during the fourth quarter worth $1,014,000. Vanguard Group Inc. lifted its stake in LTC Properties by 1.8% during the fourth 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 last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in LTC Properties during the fourth quarter worth $6,556,000. Institutional investors own 69.25% of the company’s stock.

LTC Properties Trading Up 0.0%

LTC Properties stock opened at $38.50 on Friday. LTC Properties has a 52 week low of $33.64 and a 52 week high of $40.80. The company has a debt-to-equity ratio of 0.73, a quick ratio of 9.20 and a current ratio of 9.20. The stock has a market capitalization of $1.97 billion, a P/E ratio of 15.59 and a beta of 0.57. The stock has a 50-day simple moving average of $37.70 and a 200 day simple moving average of $37.42.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 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 during the quarter, compared to analysts’ expectations of $72.98 million. During the same quarter last year, the company posted $0.65 earnings per share. LTC Properties’s quarterly revenue 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 expect that LTC Properties will post 2.77 earnings per share for the current year.

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.