LTC Properties (NYSE:LTC) Director David Gruber Buys 4,000 Shares

LTC Properties, Inc. (NYSE:LTC) Director David Gruber purchased 4,000 shares of the stock in a transaction on 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 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 filing with the SEC, which can be accessed through this hyperlink.

LTC Properties Trading Down 0.3%

NYSE LTC opened at $38.51 on Friday. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 0.73. LTC Properties, Inc. has a 52 week low of $33.64 and a 52 week high of $40.80. The stock has a market capitalization of $1.97 billion, a PE ratio of 15.59 and a beta of 0.59. The firm has a 50 day moving average of $38.43 and a two-hundred day moving average of $37.17.

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 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 company had revenue of $94.41 million during the quarter, compared to analysts’ expectations of $72.98 million. During the same quarter in the previous year, the business posted $0.65 EPS. The firm’s 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. As a group, research analysts expect that LTC Properties, Inc. will post 2.77 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be issued a dividend of $0.19 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Monday, June 22nd. LTC Properties’s payout ratio is 92.31%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LTC shares. Cantor Fitzgerald lowered their target price 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. Wells Fargo & Company upped their target price on shares of LTC Properties from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, March 26th. Weiss Ratings upgraded shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada upped their target price on shares of LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.40.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in shares of LTC Properties by 37.0% in the 1st quarter. Bank of America Corp DE now owns 170,814 shares of the real estate investment trust’s stock valued at $6,347,000 after buying an additional 46,163 shares in the last quarter. Amundi boosted its stake in LTC Properties by 13.8% during the 1st quarter. Amundi now owns 29,701 shares of the real estate investment trust’s stock worth $1,104,000 after purchasing an additional 3,613 shares during the period. California State Teachers Retirement System boosted its stake in LTC Properties by 14.6% during the 1st quarter. California State Teachers Retirement System now owns 46,165 shares of the real estate investment trust’s stock worth $1,715,000 after purchasing an additional 5,876 shares during the period. Eversept Partners LP acquired a new stake in LTC Properties during the 1st quarter worth $11,930,000. Finally, The Manufacturers Life Insurance Company boosted its stake in LTC Properties by 3.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 21,413 shares of the real estate investment trust’s stock worth $796,000 after purchasing an additional 616 shares during the period. 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.