LTC Properties (NYSE:LTC) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of LTC Properties, Inc. (NYSE:LTC) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.28 and traded as high as $39.52. LTC Properties shares last traded at $39.0310, with a volume of 339,329 shares.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LTC shares. Wells Fargo & Company raised their price target on shares of LTC Properties from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Cantor Fitzgerald set a $36.00 price objective on shares of LTC Properties in a report on Monday, January 5th. Finally, Weiss Ratings upgraded LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.60.

LTC Properties Stock Performance

The company has a market cap of $1.88 billion, a price-to-earnings ratio of 15.86 and a beta of 0.59. The company has a debt-to-equity ratio of 0.72, a current ratio of 8.04 and a quick ratio of 8.04. The firm has a fifty day simple moving average of $37.89 and a 200 day simple moving average of $36.31.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $1.41. LTC Properties had a net margin of 44.82% and a return on equity of 10.95%. The business had revenue of $82.11 million during the quarter, compared to analysts’ expectations of $84.23 million. During the same period in the previous year, the company earned $0.72 earnings per share. LTC Properties’s revenue for the quarter was up 60.3% on a year-over-year basis. 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. On average, sell-side analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid a $0.19 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. LTC Properties’s payout ratio is presently 93.44%.

Insider Activity

In other LTC Properties news, Director David L. Gruber bought 7,000 shares of the stock in a transaction on Thursday, March 5th. The shares were purchased at an average price of $38.00 per share, with a total value of $266,000.00. Following the acquisition, the director directly owned 36,931 shares of the company’s stock, valued at $1,403,378. This represents a 23.39% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP David M. Boitano purchased 10,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was acquired at an average cost of $34.44 per share, for a total transaction of $344,400.00. Following the completion of the transaction, the executive vice president owned 25,626 shares in the company, valued at approximately $882,559.44. This trade represents a 64.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LTC Properties

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in LTC Properties by 10.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,999 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 288 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of LTC Properties by 3.4% during the 4th quarter. ProShare Advisors LLC now owns 8,874 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 291 shares during the period. Jones Financial Companies Lllp raised its position in shares of LTC Properties by 75.0% during the third quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 300 shares during the last quarter. Maryland State Retirement & Pension System raised its position in shares of LTC Properties by 5.0% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,028 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 336 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of LTC Properties by 33.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 340 shares during the period. Institutional investors and hedge funds own 69.25% of the company’s stock.

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.