LTC Properties (NYSE:LTC) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of LTC Properties, Inc. (NYSE:LTC) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $37.26 and traded as high as $37.83. LTC Properties shares last traded at $37.43, with a volume of 646,808 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LTC. Wells Fargo & Company raised their price objective on shares of LTC Properties from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, March 26th. Cantor Fitzgerald cut their price objective on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company 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 company a “sector perform” rating in a research report on Friday, March 20th. Finally, Weiss Ratings upgraded shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. 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 company. According to MarketBeat, LTC Properties currently has an average rating of “Moderate Buy” and an average target price of $40.40.

LTC Properties Trading Down 1.0%

The firm has a market capitalization of $1.92 billion, a P/E ratio of 15.15 and a beta of 0.59. 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 firm’s 50-day simple moving average is $38.36 and its 200-day simple moving average is $37.26.

LTC Properties (NYSE:LTC) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.17. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The business had revenue of $94.41 million during the quarter, compared to analyst estimates of $72.98 million. During the same period in the previous year, the business posted $0.65 earnings per share. LTC Properties’s revenue for the quarter was up 94.7% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Analysts anticipate that LTC Properties, Inc. will post 2.77 EPS for the current year.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be given a dividend of $0.19 per share. The ex-dividend date is Monday, June 22nd. This represents a c) annualized dividend and a yield of 6.1%. LTC Properties’s payout ratio is presently 92.31%.

Insider Transactions at LTC Properties

In related news, Director David L. Gruber bought 4,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average cost of $38.41 per share, for a total transaction of $153,640.00. Following the completion of the transaction, the director directly owned 44,045 shares in the company, valued at $1,691,768.45. This trade represents a 9.99% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LTC Properties

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in shares of LTC Properties by 37.0% during the first quarter. Bank of America Corp DE now owns 170,814 shares of the real estate investment trust’s stock worth $6,347,000 after acquiring an additional 46,163 shares in the last quarter. Amundi raised its stake in shares of LTC Properties by 13.8% during the first quarter. Amundi now owns 29,701 shares of the real estate investment trust’s stock worth $1,104,000 after acquiring an additional 3,613 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of LTC Properties by 14.6% during the first quarter. California State Teachers Retirement System now owns 46,165 shares of the real estate investment trust’s stock worth $1,715,000 after acquiring an additional 5,876 shares in the last quarter. Eversept Partners LP purchased a new position in shares of LTC Properties during the first quarter worth approximately $11,930,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of LTC Properties by 3.0% during the first quarter. The Manufacturers Life Insurance Company now owns 21,413 shares of the real estate investment trust’s stock worth $796,000 after acquiring an additional 616 shares in the last quarter. 69.25% of the stock is currently owned by institutional investors.

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.