Wells Fargo & Company Increases LTC Properties (NYSE:LTC) Price Target to $40.00

LTC Properties (NYSE:LTC) had its target price lifted by research analysts at Wells Fargo & Company from $39.00 to $40.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 9.11% from the stock’s previous close.

A number of other research analysts have also commented on LTC. Weiss Ratings upgraded LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Cantor Fitzgerald cut their price objective on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Finally, Royal Bank Of Canada increased their target price on shares of LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a research note on Friday, March 20th. One equities research 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.60.

LTC Properties Stock Performance

Shares of LTC stock traded down $0.75 during trading hours on Monday, reaching $36.66. 132,955 shares of the company’s stock were exchanged, compared to its average volume of 398,765. LTC Properties has a fifty-two week low of $33.64 and a fifty-two week high of $40.80. The stock has a market capitalization of $1.88 billion, a P/E ratio of 14.84 and a beta of 0.57. The business has a fifty day moving average price of $38.36 and a 200-day moving average price of $37.27. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 0.73.

LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.17. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The company had revenue of $94.41 million during the quarter, compared to analyst estimates of $72.98 million. During the same period in the previous year, the company earned $0.65 earnings per share. The company’s quarterly revenue was up 94.7% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Analysts predict that LTC Properties will post 2.77 EPS for the current fiscal year.

Insider Activity at LTC Properties

In other news, Director David L. Gruber bought 7,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was acquired 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 of the company’s stock, valued at $1,403,378. This trade represents a 23.39% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Keybank National Association OH acquired a new position in shares of LTC Properties in the third quarter valued at $7,931,000. Versor Investments LP bought a new stake in LTC Properties in the third quarter valued at $995,000. Jupiter Asset Management Ltd. bought a new stake in LTC Properties in the third quarter valued at $6,797,000. American Century Companies Inc. grew its position in LTC Properties by 4,205.5% in the third quarter. American Century Companies Inc. now owns 812,235 shares of the real estate investment trust’s stock valued at $29,939,000 after acquiring an additional 793,370 shares during the period. Finally, Advisors Capital Management LLC grew its position in LTC Properties by 3.8% in the third quarter. Advisors Capital Management LLC now owns 750,689 shares of the real estate investment trust’s stock valued at $27,670,000 after acquiring an additional 27,686 shares during the period. 69.25% of the stock is currently owned by institutional investors and hedge funds.

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.