LTC Properties, Inc. (NYSE:LTC – Get Free Report) Director David Gruber bought 500 shares of LTC Properties stock in a transaction dated Wednesday, August 12th. The shares were bought at an average cost of $38.30 per share, with a total value of $19,150.00. Following the completion of the acquisition, the director owned 48,070 shares of the company’s stock, valued at $1,841,081. The trade was a 1.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
LTC Properties Trading Up 0.9%
NYSE:LTC opened at $39.03 on Friday. The company has a quick ratio of 8.60, a current ratio of 8.60 and a debt-to-equity ratio of 0.58. LTC Properties, Inc. has a 1-year low of $33.64 and a 1-year high of $43.00. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 14.40 and a beta of 0.56. The stock has a fifty day simple moving average of $39.03 and a 200 day simple moving average of $38.51.
LTC Properties (NYSE:LTC – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.The firm had revenue of $98.08 million for the quarter, compared to the consensus estimate of $79.01 million. During the same quarter in the previous year, the company earned $0.68 EPS. The business’s revenue for the quarter was up 63.6% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Sell-side analysts forecast that LTC Properties, Inc. will post 2.77 earnings per share for the current year.
LTC Properties Announces Dividend
Institutional Investors Weigh In On LTC Properties
A number of institutional investors have recently modified their holdings of LTC. BlackRock Inc. acquired a new position in shares of LTC Properties in the second quarter worth $345,915,000. Advisors Capital Management LLC purchased a new stake in shares of LTC Properties during the second quarter worth $31,148,000. Bank of New York Mellon Corp purchased a new stake in shares of LTC Properties during the second quarter worth $20,008,000. Eversept Partners LP acquired a new stake in LTC Properties during the first quarter valued at $11,930,000. Finally, Goldman Sachs Group Inc. boosted its position in LTC Properties by 177.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 323,798 shares of the real estate investment trust’s stock valued at $11,132,000 after purchasing an additional 207,043 shares during the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.
Analyst Ratings Changes
LTC has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Royal Bank Of Canada raised LTC Properties from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Friday. Cantor Fitzgerald decreased their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Nomura raised LTC Properties to a “neutral” rating in a research note on Friday. Finally, Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.40.
View Our Latest Research Report on LTC Properties
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.
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