LTC Properties, Inc. (NYSE:LTC – Get Free Report) Director Timothy Triche sold 3,125 shares of the business’s stock in a transaction that occurred on 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 sale, the director directly owned 37,786 shares of the company’s stock, valued at $1,494,058.44. This represents a 7.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
LTC Properties Stock Performance
Shares of LTC opened at $41.70 on Friday. The company’s fifty day moving average is $37.98 and its 200-day moving average is $37.85. LTC Properties, Inc. has a 12 month low of $33.64 and a 12 month high of $41.76. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 16.88 and a beta of 0.57. 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 (NYSE:LTC – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.17. The business had revenue of $94.41 million during the quarter, compared to analyst estimates of $72.98 million. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. LTC Properties’s quarterly revenue was up 94.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Equities analysts expect that LTC Properties, Inc. will post 2.77 EPS for the current fiscal year.
LTC Properties Announces Dividend
Institutional Investors Weigh In On LTC Properties
A number of hedge funds have recently bought and sold shares of the company. Keudell Morrison Wealth Management bought a new position in LTC Properties in the 4th quarter worth approximately $1,365,000. Pensionfund PDN bought a new stake in shares of LTC Properties in the fourth quarter valued at approximately $1,014,000. Vanguard Group Inc. grew its stake in shares of LTC Properties by 1.8% in 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 acquiring an additional 125,889 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of LTC Properties in the fourth quarter worth $6,556,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in LTC Properties by 178.2% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 129,100 shares of the real estate investment trust’s stock worth $4,438,000 after acquiring an additional 82,700 shares during the period. 69.25% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
LTC has been the subject of several recent analyst reports. Wells Fargo & Company upped their price target on LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Citigroup reissued a “market outperform” rating on shares of LTC Properties in a research note 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. Royal Bank Of Canada upped their target price 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. Finally, Cantor Fitzgerald lowered their price target on LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $40.60.
Get Our Latest Report on LTC Properties
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.
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