Brokerages Set LTC Properties, Inc. (NYSE:LTC) Price Target at $39.60

Shares of LTC Properties, Inc. (NYSE:LTC) have received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $40.40.

LTC has been the topic of several research analyst reports. Royal Bank Of Canada raised their price objective on LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a report on Friday, March 20th. Wells Fargo & Company raised their price objective on LTC Properties from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, March 26th. Weiss Ratings raised LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Finally, Cantor Fitzgerald dropped their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday.

LTC Properties Stock Up 0.1%

Shares of LTC opened at $38.63 on Thursday. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73. LTC Properties has a 12 month low of $33.64 and a 12 month high of $40.80. The stock’s 50 day moving average is $38.46 and its two-hundred day moving average is $37.02. The firm has a market cap of $1.98 billion, a P/E ratio of 15.64 and a beta of 0.59.

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

LTC Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a $0.19 dividend. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Monday, June 22nd. LTC Properties’s dividend payout ratio (DPR) is 92.31%.

Insider Buying and Selling at LTC Properties

In other news, Director David L. Gruber bought 7,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were acquired at an average price of $38.00 per share, for a total transaction of $266,000.00. Following the completion of the transaction, the director directly owned 36,931 shares in the company, valued at $1,403,378. The trade was a 23.39% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On LTC Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC lifted its position in shares of LTC Properties by 3.4% in the fourth quarter. ProShare Advisors LLC now owns 8,874 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 291 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of 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 acquiring an additional 300 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in shares of LTC Properties by 5.0% in 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 acquiring an additional 336 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position 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 acquiring an additional 340 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in shares of LTC Properties by 27.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 348 shares in the last quarter. Hedge funds and other institutional investors 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.