LTC Properties, Inc. (NYSE:LTC) Given Average Rating of “Hold” by Analysts

LTC Properties, Inc. (NYSE:LTC) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $40.60.

LTC has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on shares of LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Weiss Ratings raised shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Cantor Fitzgerald dropped their price objective on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Finally, Citigroup reissued a “market outperform” rating on shares of LTC Properties in a research report on Wednesday, June 10th.

LTC Properties Stock Up 0.5%

Shares of NYSE:LTC opened at $41.96 on Tuesday. LTC Properties has a 1 year low of $33.64 and a 1 year high of $42.74. 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 business’s 50-day moving average is $38.10 and its 200-day moving average is $37.95. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 16.99 and a beta of 0.57.

LTC Properties (NYSE:LTC) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share 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 the consensus estimate of $72.98 million. During the same period in the previous year, the company posted $0.65 earnings per share. The firm’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. Equities research analysts predict that LTC Properties will post 2.8 earnings per share for the current year.

LTC Properties Dividend Announcement

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

Insiders Place Their Bets

In other news, Director David L. Gruber bought 4,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were bought at an average cost of $38.41 per share, with a total value of $153,640.00. Following the completion of the transaction, the director directly owned 44,045 shares of the company’s stock, valued at $1,691,768.45. This trade represents a 9.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Timothy Triche sold 3,125 shares of the stock in a transaction on Monday, July 13th. The stock was sold at an average price of $39.54, for a total value of $123,562.50. Following the completion of the transaction, the director owned 37,786 shares in the company, valued at approximately $1,494,058.44. This represents a 7.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LTC. Optiver Holding B.V. grew its holdings in shares of 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 valued at $29,000 after buying an additional 467 shares during the last quarter. Farther Finance Advisors LLC lifted its position in LTC Properties by 187.5% in the 4th quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 587 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in LTC Properties by 33.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 340 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in LTC Properties by 27.7% during the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 348 shares during the last quarter. Finally, KBC Group NV acquired a new position in LTC Properties during the 1st quarter valued at about $78,000. Institutional investors and hedge funds own 69.25% of the company’s stock.

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.