David Gruber Buys 7,000 Shares of LTC Properties (NYSE:LTC) Stock

LTC Properties, Inc. (NYSE:LTC) Director David Gruber purchased 7,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average cost of $38.00 per share, for a total transaction of $266,000.00. Following the completion of the purchase, the director owned 36,931 shares in the company, valued at $1,403,378. This trade represents a 23.39% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

LTC Properties Stock Up 0.5%

LTC traded up $0.20 during midday trading on Friday, reaching $38.36. 313,545 shares of the company were exchanged, compared to its average volume of 434,596. The company’s fifty day moving average price is $37.16 and its 200 day moving average price is $36.15. LTC Properties, Inc. has a one year low of $31.70 and a one year high of $40.80. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 15.72 and a beta of 0.59. The company has a debt-to-equity ratio of 0.72, a quick ratio of 8.04 and a current ratio of 8.04.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $2.09 EPS for the quarter, beating the consensus estimate of $0.68 by $1.41. The firm had revenue of $82.11 million during the quarter, compared to analyst estimates of $84.23 million. LTC Properties had a net margin of 44.82% and a return on equity of 10.95%. The company’s revenue for the quarter was up 60.3% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS and its Q1 2026 guidance at 0.660-0.680 EPS. As a group, analysts expect that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be paid a dividend of $0.19 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Monday, March 23rd. LTC Properties’s dividend payout ratio is presently 93.44%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wells Fargo & Company increased their target price on LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Cantor Fitzgerald set a $36.00 price objective on LTC Properties in a report on Monday, January 5th. Weiss Ratings upgraded shares of LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Finally, Royal Bank Of Canada increased their price objective on LTC Properties from $37.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $38.60.

Institutional Trading of LTC Properties

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in LTC Properties by 10.6% in the third quarter. GAMMA Investing LLC now owns 2,999 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 288 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of LTC Properties by 3.4% in the 4th quarter. ProShare Advisors LLC now owns 8,874 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 291 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of LTC Properties by 75.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 300 shares during the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of LTC Properties by 5.0% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,028 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 336 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in LTC Properties by 33.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 340 shares during the last quarter. 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.