LTC Properties, Inc. (NYSE:LTC) Receives $44.00 Average PT from Analysts

LTC Properties, Inc. (NYSE:LTC) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $44.4286.

Several research analysts have issued reports on LTC shares. Weiss Ratings raised LTC Properties from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, September 8th. Nomura raised shares of LTC Properties to a “neutral” rating in a research report on Friday, August 14th. Citigroup reissued a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Royal Bank Of Canada upgraded shares of LTC Properties from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $41.00 to $45.00 in a research report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft raised shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Thursday, August 27th.

LTC Properties Price Performance

Shares of LTC opened at $43.49 on Wednesday. The firm has a market cap of $2.34 billion, a PE ratio of 16.05 and a beta of 0.58. The company has a current ratio of 8.60, a quick ratio of 8.60 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $40.74 and a two-hundred day simple moving average of $39.05. LTC Properties has a 1-year low of $33.64 and a 1-year high of $43.56.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.The firm had revenue of $98.08 million for the quarter, compared to the consensus estimate of $79.01 million. During the same period last year, the business posted $0.68 EPS. The company’s revenue for the quarter was up 63.6% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. On average, equities analysts anticipate that LTC Properties will post 2.78 EPS for the current year.

LTC Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. LTC Properties’s payout ratio is presently 84.13%.

Insider Buying and Selling at LTC Properties

In related news, Director David L. Gruber purchased 3,500 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $38.30 per share, with a total value of $134,050.00. Following the completion of the acquisition, the director owned 47,545 shares of the company’s stock, valued at approximately $1,820,973.50. This trade represents a 7.95% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Timothy Triche sold 3,125 shares of the company’s stock in a transaction dated Monday, July 13th. The stock was 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 of the company’s stock, valued at approximately $1,494,058.44. The trade was a 7.64% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Optiver Holding B.V. increased its holdings in LTC Properties by 153.1% in the 1st quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 467 shares in the last quarter. Nykredit A S purchased a new position in LTC Properties during the second quarter valued at approximately $46,000. Markowski Investments bought a new position in shares of LTC Properties in the second quarter worth approximately $49,000. Hantz Financial Services Inc. boosted its position in shares of LTC Properties by 27.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 348 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of LTC Properties in the second quarter worth $72,000. 69.25% of the stock is owned by hedge funds and other institutional investors.

LTC Properties Company Profile

LTC Properties, Inc is a real estate investment trust (REIT) that invests in healthcare-related real estate, with a primary focus on senior housing and skilled nursing properties. The company owns, finances and leases properties to healthcare operators that provide long-term care and related services.

LTC’s portfolio activities include investments in assisted living communities, independent living facilities, memory care properties and skilled nursing centers. In addition to owning and leasing real estate, the company may provide mortgage loans and other financing to operators and participate in investments through joint ventures.

Founded in 1992 and headquartered in Westlake Village, California, LTC Properties serves the United States market.