LTC Properties (NYSE:LTC) Price Target Lowered to $40.00 at Cantor Fitzgerald

LTC Properties (NYSE:LTCGet Free Report) had its target price lowered by Cantor Fitzgerald from $42.00 to $40.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s target price points to a potential upside of 2.36% from the company’s current price.

Several other research analysts have also recently commented on LTC. Wells Fargo & Company raised their target price on LTC Properties from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 26th. Weiss Ratings raised LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Finally, Royal Bank Of Canada raised 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, LTC Properties has a consensus rating of “Moderate Buy” and a consensus price target of $40.40.

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LTC Properties Trading Down 0.1%

Shares of LTC Properties stock opened at $39.08 on Monday. The company’s fifty day simple moving average is $38.56 and its 200-day simple moving average is $36.93. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 15.82 and a beta of 0.59. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73. LTC Properties has a 1 year low of $33.64 and a 1 year high of $40.80.

LTC Properties (NYSE:LTCGet Free Report) last issued its 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. The firm had revenue of $94.41 million during the quarter, compared to analysts’ expectations of $72.98 million. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.LTC Properties’s quarterly revenue was up 94.7% compared to the same quarter last year. During the same period last year, the business earned $0.65 earnings per share. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. As a group, sell-side analysts expect that LTC Properties will post 2.77 EPS for the current year.

Insider Activity

In related news, Director David L. Gruber acquired 7,000 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was bought at an average cost of $38.00 per share, with a total value of $266,000.00. Following the completion of the acquisition, the director owned 36,931 shares in the company, valued at $1,403,378. The trade was a 23.39% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its holdings in shares of LTC Properties by 75.0% during the third quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 300 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of LTC Properties by 187.5% during the fourth 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 during the period. Aster Capital Management DIFC Ltd bought a new position in shares of LTC Properties during the third quarter valued at $41,000. Hantz Financial Services Inc. lifted its holdings in shares of LTC Properties by 701.3% during the third quarter. Hantz Financial Services Inc. now owns 1,258 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,101 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of LTC Properties by 33.8% during the fourth 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 during the period. 69.25% of the stock is owned by institutional investors.

About LTC Properties

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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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Analyst Recommendations for LTC Properties (NYSE:LTC)

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