LTC Properties, Inc. (NYSE:LTC) Receives $38.60 Consensus Price Target from Analysts

LTC Properties, Inc. (NYSE:LTCGet Free Report) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $38.60.

LTC has been the subject of several research reports. Royal Bank Of Canada boosted their price target on LTC Properties from $37.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Cantor Fitzgerald set a $36.00 price target on shares of LTC Properties in a research note on Monday, January 5th. Wells Fargo & Company upped their price objective on shares of LTC Properties from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LTC Properties in a report on Monday, December 29th.

Get Our Latest Report on LTC

Insider Transactions at LTC Properties

In related news, EVP David M. Boitano bought 10,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was 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 directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LTC Properties

Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake 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 valued at $111,000 after buying an additional 288 shares during the period. ProShare Advisors LLC increased its stake in LTC Properties by 3.4% during the fourth quarter. ProShare Advisors LLC now owns 8,874 shares of the real estate investment trust’s stock worth $305,000 after acquiring an additional 291 shares during the last quarter. Jones Financial Companies Lllp raised its position in LTC Properties by 75.0% in the third 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 period. Maryland State Retirement & Pension System lifted its stake in shares of LTC Properties by 5.0% in the 4th 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 last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of LTC Properties by 33.8% during the 4th 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 during the period. 69.25% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about LTC Properties

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LTC Properties Price Performance

LTC Properties stock opened at $39.72 on Friday. The stock has a market capitalization of $1.89 billion, a P/E ratio of 16.28 and a beta of 0.62. The company’s fifty day moving average price is $36.54 and its 200 day moving average price is $36.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 8.68 and a current ratio of 8.68. LTC Properties has a 1 year low of $31.70 and a 1 year high of $40.05.

LTC Properties (NYSE:LTCGet Free Report) last released its earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $1.41. The business had revenue of $82.11 million during the quarter, compared to analysts’ expectations of $84.23 million. LTC Properties had a net margin of 44.82% and a return on equity of 11.26%. The company’s quarterly revenue was up 60.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.72 earnings per share. 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, equities research analysts anticipate that LTC Properties will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be given a dividend of $0.19 per share. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 5.7%. LTC Properties’s dividend payout ratio (DPR) is presently 316.67%.

LTC Properties Company Profile

(Get Free Report)

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.

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Analyst Recommendations for LTC Properties (NYSE:LTC)

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