LTC Properties, Inc. (NYSE:LTC) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of LTC Properties, Inc. (NYSE:LTCGet Free Report) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $41.40.

Several research firms recently commented on LTC. Wells Fargo & Company upped their price objective on LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Royal Bank Of Canada raised LTC Properties from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $41.00 to $45.00 in a research report on Friday. Weiss Ratings restated a “buy (b)” rating on shares of LTC Properties in a research note on Wednesday, August 5th. Nomura raised LTC Properties to a “neutral” rating in a research report on Friday. Finally, Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th.

View Our Latest Research Report on LTC Properties

LTC Properties Stock Up 3.4%

LTC opened at $40.28 on Friday. LTC Properties has a twelve month low of $33.64 and a twelve month high of $43.00. The company’s 50-day moving average price is $39.11 and its two-hundred day moving average price is $38.53. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 14.86 and a beta of 0.56. 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 (NYSE:LTCGet Free Report) last issued its quarterly earnings results 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. The company had revenue of $98.08 million during the quarter, compared to analyst estimates of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. LTC Properties’s quarterly revenue was up 63.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, equities analysts expect that LTC Properties will post 2.77 earnings per share for the current year.

LTC Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 5.7%. LTC Properties’s dividend payout ratio is 84.13%.

Insiders Place Their Bets

In other LTC Properties news, EVP David M. Boitano purchased 10,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were bought at an average price of $34.77 per share, with a total value of $347,700.00. Following the completion of the transaction, the executive vice president directly owned 46,160 shares in the company, valued at approximately $1,604,983.20. This trade represents a 27.65% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David L. Gruber purchased 4,000 shares of the stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of $38.41 per share, for a total transaction of $153,640.00. Following the transaction, the director owned 44,045 shares of the company’s stock, valued at approximately $1,691,768.45. This trade represents a 9.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 18,000 shares of company stock worth $654,540 over the last quarter. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. grew 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 buying an additional 467 shares in the last quarter. Farther Finance Advisors LLC lifted its position 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 worth $31,000 after acquiring an additional 587 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position 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 worth $46,000 after acquiring an additional 340 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of LTC Properties by 27.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 348 shares during the period. Finally, KBC Group NV bought a new position in shares of LTC Properties in the first quarter worth $78,000. 69.25% of the stock is owned by institutional investors.

LTC Properties Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for LTC Properties (NYSE:LTC)

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