LTC Properties, Inc. (NYSE:LTC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of LTC Properties, Inc. (NYSE:LTC) have received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $44.00.

LTC has been the subject of a number of analyst reports. Citigroup restated a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Wells Fargo & Company increased their target price on shares of LTC Properties from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 1st. Nomura raised shares of LTC Properties to a “neutral” rating in a research report on Friday, August 14th. Royal Bank Of Canada raised shares of LTC Properties from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $41.00 to $45.00 in a report on Friday, August 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of LTC Properties in a report on Wednesday, August 5th.

Insider Transactions at LTC Properties

In other LTC Properties news, Director David Gruber bought 3,500 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $38.30 per share, with a total value of $134,050.00. Following the completion of the purchase, the director owned 47,545 shares in the company, valued at approximately $1,820,973.50. The trade was a 7.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Timothy Triche sold 3,125 shares of the 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 $1,494,058.44. This trade represents a 7.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LTC Properties

Several institutional investors and hedge funds have recently modified their holdings of LTC. IFP Advisors Inc raised its holdings in LTC Properties by 8.6% during the 2nd quarter. IFP Advisors Inc now owns 3,079 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 245 shares during the period. Arizona State Retirement System lifted its stake in LTC Properties by 4.4% in the second quarter. Arizona State Retirement System now owns 13,661 shares of the real estate investment trust’s stock valued at $525,000 after buying an additional 580 shares in the last quarter. Nykredit A S acquired a new position in shares of LTC Properties in the second quarter valued at approximately $46,000. Amundi boosted its holdings in shares of LTC Properties by 6.9% in the second quarter. Amundi now owns 31,739 shares of the real estate investment trust’s stock valued at $1,220,000 after buying an additional 2,038 shares during the period. Finally, Groupe la Francaise bought a new stake in shares of LTC Properties during the second quarter worth $570,000. 69.25% of the stock is currently owned by institutional investors and hedge funds.

LTC Properties Price Performance

Shares of LTC opened at $42.05 on Wednesday. The company has a current ratio of 8.60, a quick ratio of 8.60 and a debt-to-equity ratio of 0.58. LTC Properties has a 1 year low of $33.64 and a 1 year high of $43.00. The stock has a market cap of $2.27 billion, a P/E ratio of 15.52 and a beta of 0.58. The stock’s 50-day moving average price is $40.38 and its two-hundred day moving average price is $38.93.

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

LTC Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be issued 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 5.4%. LTC Properties’s payout ratio is currently 84.13%.

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.