LTC Properties, Inc. (LTC) – What Are Analysts Thinking About This Stock?

Shares of LTC Properties, Inc. (NYSE:LTC) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $46.50.

A number of equities research analysts have recently weighed in on the company. Nomura upgraded LTC Properties to a “neutral” rating in a report on Friday, August 14th. Huntington began coverage on LTC Properties in a research report on Thursday, September 10th. They set an “outperform” rating and a $47.00 price target on the stock. Royal Bank Of Canada raised their price objective on LTC Properties from $45.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, October 2nd. Weiss Ratings downgraded shares of LTC Properties from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, September 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Thursday, August 27th.

LTC Properties Stock Up 1.0%

NYSE:LTC opened at $42.48 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 8.60 and a current ratio of 8.60. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 15.68 and a beta of 0.55. LTC Properties has a one year low of $33.64 and a one year high of $43.60. The stock has a 50-day simple moving average of $41.38 and a 200 day simple moving average of $39.54.

LTC Properties (NYSE:LTC) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $79.01 million. During the same quarter in the prior year, the firm posted $0.68 earnings per share. LTC Properties’s revenue for the quarter was up 63.6% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Sell-side analysts predict that LTC Properties will post 2.78 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 23rd will be given a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Wednesday, December 23rd. LTC Properties’s dividend payout ratio (DPR) is presently 84.13%.

Insider Activity

In other LTC Properties news, Director David Gruber acquired 3,500 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 47,545 shares in the company, valued at approximately $1,820,973.50. This represents a 7.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy Triche sold 3,125 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $39.54, for a total transaction of $123,562.50. Following the sale, the director directly owned 37,786 shares of the company’s stock, valued at approximately $1,494,058.44. This represents a 7.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On LTC Properties

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of LTC Properties in the second quarter worth $345,915,000. Alyeska Investment Group L.P. acquired a new position in shares of LTC Properties during the second quarter valued at $34,396,000. Advisors Capital Management LLC bought a new stake in shares of LTC Properties during the second quarter valued at about $31,148,000. Wellington Management Group LLP raised its stake in shares of LTC Properties by 21.1% during the second quarter. Wellington Management Group LLP now owns 728,696 shares of the real estate investment trust’s stock valued at $28,018,000 after purchasing an additional 126,884 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of LTC Properties by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 676,970 shares of the real estate investment trust’s stock valued at $25,157,000 after purchasing an additional 20,864 shares in the last quarter. 69.25% of the stock is owned by institutional investors.

LTC Properties Company Profile

LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that invests in healthcare-related properties. The company focuses primarily on senior housing and healthcare real estate, including assisted living, memory care, independent living and skilled nursing facilities.

LTC supports its portfolio through a range of investment structures, including property acquisitions, long-term leases, mortgage loans, mezzanine financing, preferred equity investments and joint ventures. Its properties are generally operated by third-party healthcare providers under lease or other investment arrangements.

Founded in 1992, LTC Properties serves markets across the United States.