LTC Properties (NYSE:LTC) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

LTC Properties (NYSE:LTC) had its target price increased by investment analysts at Royal Bank Of Canada from $38.00 to $41.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 9.13% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Weiss Ratings upgraded LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Cantor Fitzgerald set a $36.00 price objective on LTC Properties in a research report on Monday, January 5th. Finally, Wells Fargo & Company boosted their price objective on LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, LTC Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.20.

LTC Properties Price Performance

Shares of LTC Properties stock traded down $0.81 during trading hours on Friday, reaching $37.57. 89,405 shares of the company’s stock were exchanged, compared to its average volume of 411,713. The business has a fifty day moving average of $37.94 and a two-hundred day moving average of $36.32. The company has a market capitalization of $1.82 billion, a P/E ratio of 15.40 and a beta of 0.59. The company has a quick ratio of 8.04, a current ratio of 8.04 and a debt-to-equity ratio of 0.72. LTC Properties has a 1 year low of $31.70 and a 1 year high of $40.80.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 earnings per share for the quarter, topping the consensus estimate of $0.68 by $1.41. LTC Properties had a net margin of 44.82% and a return on equity of 10.95%. The firm had revenue of $82.11 million for the quarter, compared to the consensus estimate of $84.23 million. During the same period last year, the firm posted $0.72 earnings per share. The company’s revenue for the quarter was up 60.3% on a year-over-year basis. 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, research analysts predict that LTC Properties will post 2.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In other LTC Properties news, Director David L. Gruber acquired 7,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average cost of $38.00 per share, for a total transaction of $266,000.00. Following the completion of the transaction, the director owned 36,931 shares of the company’s stock, valued at approximately $1,403,378. The trade was a 23.39% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David M. Boitano bought 10,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were acquired at an average cost of $34.44 per share, with a total value of $344,400.00. Following the purchase, the executive vice president owned 25,626 shares of the company’s stock, valued at $882,559.44. The trade was a 64.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On LTC Properties

Large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of LTC Properties by 10.6% in the 3rd 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 during the last quarter. ProShare Advisors LLC increased its holdings in 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 valued at $305,000 after purchasing an additional 291 shares during the last quarter. Jones Financial Companies Lllp increased its holdings 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 valued at $26,000 after purchasing an additional 300 shares during the last quarter. Maryland State Retirement & Pension System raised its position in LTC Properties by 5.0% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,028 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 336 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in 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 purchasing an additional 340 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

LTC Properties Company Profile

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.