LTC Properties (NYSE:LTC) Issues Earnings Results

LTC Properties (NYSE:LTC) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.20, Zacks reports. The firm had revenue of $98.08 million during the quarter, compared to analysts’ expectations of $79.01 million. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The company’s revenue for the quarter was up 63.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. LTC Properties updated its FY 2026 guidance to 2.760-2.780 EPS.

LTC Properties Stock Up 0.8%

NYSE:LTC traded up $0.30 during trading hours on Wednesday, hitting $38.78. 457,048 shares of the company traded hands, compared to its average volume of 617,526. 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 company has a market cap of $1.98 billion, a PE ratio of 15.70 and a beta of 0.56. The firm’s 50-day simple moving average is $38.68 and its 200-day simple moving average is $38.43. LTC Properties has a one year low of $33.64 and a one year high of $43.00.

LTC Properties Dividend Announcement

The business 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. The ex-dividend date is Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 5.9%. LTC Properties’s dividend payout ratio (DPR) is 92.31%.

Insider Transactions at LTC Properties

In other news, Director Timothy Triche sold 3,125 shares of the company’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $39.54, for a total value of $123,562.50. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David M. Boitano bought 10,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was purchased at an average price of $34.77 per share, with a total value of $347,700.00. Following the acquisition, the executive vice president owned 46,160 shares of the company’s stock, valued at $1,604,983.20. The trade was a 27.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On LTC Properties

Institutional investors have recently added to or reduced their stakes in the company. Federation des caisses Desjardins du Quebec increased its stake in LTC Properties by 27.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 3,626 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 772 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of LTC Properties in the 2nd quarter worth approximately $154,000. Caitlin John LLC purchased a new position in shares of LTC Properties in the 4th quarter worth approximately $168,000. Tower Research Capital LLC TRC boosted its stake in shares of LTC Properties by 341.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,946 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 3,826 shares during the last quarter. Finally, Virtus Advisers LLC bought a new position in shares of LTC Properties in the fourth quarter valued at approximately $179,000. 69.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LTC. Weiss Ratings raised LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report 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 company an “equal weight” rating in a research report on Monday, June 1st. Citigroup restated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Finally, Cantor Fitzgerald lowered their price objective on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, LTC Properties currently has a consensus rating of “Hold” and a consensus price target of $40.60.

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.