Insider Buying: LTC Properties (NYSE:LTC) EVP Buys $347,700.00 in Stock

LTC Properties, Inc. (NYSE:LTC) EVP David Boitano acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average cost of $34.77 per share, with a total value of $347,700.00. Following the acquisition, the executive vice president owned 46,160 shares in the company, valued at $1,604,983.20. The trade was a 27.65% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

LTC Properties Stock Up 3.5%

LTC stock opened at $36.10 on Friday. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $1.85 billion, a PE ratio of 14.61 and a beta of 0.57. LTC Properties, Inc. has a twelve month low of $33.64 and a twelve month high of $40.80. The stock has a 50-day simple moving average of $38.20 and a two-hundred day simple moving average of $37.25.

LTC Properties (NYSE:LTC) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 10.87% and a net margin of 38.99%.The company’s quarterly revenue was up 94.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. On average, equities analysts predict that LTC Properties, Inc. will post 2.77 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be issued a dividend of $0.19 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Monday, June 22nd. LTC Properties’s payout ratio is presently 92.31%.

Analysts Set New Price Targets

Several brokerages have recently commented on LTC. Royal Bank Of Canada boosted their price objective on LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a report on Friday, March 20th. Cantor Fitzgerald cut their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Weiss Ratings raised LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Finally, Wells Fargo & Company boosted their price objective on LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.60.

Hedge Funds Weigh In On LTC Properties

Large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its position in LTC Properties by 75.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 300 shares during the period. Optiver Holding B.V. raised its position 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 worth $29,000 after purchasing an additional 467 shares during the period. Farther Finance Advisors LLC raised its position in LTC Properties by 187.5% in the 4th quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 587 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in LTC Properties in the 3rd quarter worth $41,000. Finally, Hantz Financial Services Inc. raised its position in LTC Properties by 701.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,258 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,101 shares during the period. Hedge funds and other institutional investors own 69.25% of the company’s stock.

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.