LTC Properties (NYSE:LTC) Hits New 1-Year High – Should You Buy?

Shares of LTC Properties, Inc. (NYSE:LTC) reached a new 52-week high during trading on Thursday . The stock traded as high as $43.16 and last traded at $42.87, with a volume of 29225 shares trading hands. The stock had previously closed at $42.55.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LTC. Royal Bank Of Canada upgraded shares of LTC Properties from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $41.00 to $45.00 in a research note on Friday, August 14th. Huntington started coverage on shares of LTC Properties in a research report on Thursday. They set an “outperform” rating and a $47.00 target price on the stock. Nomura raised shares of LTC Properties to a “neutral” rating in a report on Friday, August 14th. Weiss Ratings upgraded shares of LTC Properties from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday. Finally, Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.43.

LTC Properties Stock Down 0.4%

The company has a market cap of $2.28 billion, a P/E ratio of 15.62 and a beta of 0.58. The stock has a 50-day moving average of $40.58 and a 200 day moving average of $39.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. The business had revenue of $98.08 million during the quarter, compared to analysts’ expectations of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. LTC Properties’s revenue was up 63.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Research analysts anticipate that LTC Properties, Inc. will post 2.78 earnings per share for the current year.

LTC Properties Announces Dividend

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 given a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 5.4%. LTC Properties’s dividend payout ratio (DPR) is currently 84.13%.

Insider Buying and Selling

In other LTC Properties news, Director David L. Gruber bought 3,500 shares of the stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $38.30 per share, with a total value of $134,050.00. Following the completion of the purchase, the director owned 47,545 shares in the company, valued at $1,820,973.50. The trade was a 7.95% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Timothy Triche sold 3,125 shares of the stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $39.54, for a total transaction of $123,562.50. Following the completion of the transaction, the director directly owned 37,786 shares of the company’s stock, valued at $1,494,058.44. This trade represents a 7.64% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On LTC Properties

Institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. lifted its stake in LTC Properties by 153.1% in the 1st quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 467 shares during the last quarter. Nykredit A S bought a new stake in shares of LTC Properties during the second quarter worth $46,000. Markowski Investments bought a new stake in shares of LTC Properties during the second quarter worth $49,000. Hantz Financial Services Inc. increased its holdings in shares of LTC Properties by 27.7% during the fourth quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 348 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of LTC Properties during the 2nd quarter valued at $72,000. 69.25% of the stock is currently owned by institutional investors and hedge funds.

About LTC Properties

LTC Properties, Inc is a real estate investment trust (REIT) that invests in healthcare-related real estate, with a primary focus on senior housing and skilled nursing properties. The company owns, finances and leases properties to healthcare operators that provide long-term care and related services.

LTC’s portfolio activities include investments in assisted living communities, independent living facilities, memory care properties and skilled nursing centers. In addition to owning and leasing real estate, the company may provide mortgage loans and other financing to operators and participate in investments through joint ventures.

Founded in 1992 and headquartered in Westlake Village, California, LTC Properties serves the United States market.