Timothy Triche Sells 3,125 Shares of LTC Properties (NYSE:LTC) Stock

LTC Properties, Inc. (NYSE:LTC) Director Timothy Triche sold 3,125 shares of the company’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $39.54, for a total transaction of $123,562.50. Following the sale, the director owned 37,786 shares in the company, valued at $1,494,058.44. This represents a 7.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

LTC Properties Trading Up 0.1%

LTC opened at $40.06 on Thursday. The stock has a 50-day moving average of $37.92 and a 200 day moving average of $37.80. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73. LTC Properties, Inc. has a 12 month low of $33.64 and a 12 month high of $40.80. The firm has a market cap of $2.05 billion, a P/E ratio of 16.22 and a beta of 0.57.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. The business had revenue of $94.41 million for the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $0.65 earnings per share. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. As a group, research analysts forecast that LTC Properties, Inc. will post 2.77 EPS for the current year.

LTC Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be paid a dividend of $0.19 per share. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, September 22nd. LTC Properties’s payout ratio is presently 92.31%.

Analysts Set New Price Targets

LTC has been the topic of several recent analyst reports. Weiss Ratings raised shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Wells Fargo & Company lifted their price target on shares of LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Cantor Fitzgerald reduced their price objective on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Royal Bank Of Canada raised their price objective on shares of LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research note on Friday, March 20th. Finally, Citigroup restated a “market outperform” rating on shares of LTC Properties in a research report on Wednesday, June 10th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, LTC Properties currently has an average rating of “Hold” and a consensus price target of $40.60.

Institutional Trading of LTC Properties

Several institutional investors and hedge funds have recently made changes to their positions in LTC. Royal Bank of Canada increased its stake in LTC Properties by 37.7% in the 1st quarter. Royal Bank of Canada now owns 21,344 shares of the real estate investment trust’s stock worth $757,000 after buying an additional 5,840 shares during the period. AQR Capital Management LLC boosted its position in LTC Properties by 2.8% in the 1st quarter. AQR Capital Management LLC now owns 29,259 shares of the real estate investment trust’s stock valued at $1,037,000 after buying an additional 806 shares during the period. Creative Planning boosted its position in LTC Properties by 40.6% in the 2nd quarter. Creative Planning now owns 11,198 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 3,235 shares during the period. American Century Companies Inc. boosted its position in LTC Properties by 7.4% in the 2nd quarter. American Century Companies Inc. now owns 18,865 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 1,294 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in LTC Properties by 61.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,667 shares of the real estate investment trust’s stock worth $404,000 after acquiring an additional 4,447 shares in the last quarter. 69.25% of the stock is currently owned by institutional investors.

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.