LTC Properties (NYSE:LTC) Director David Gruber Buys 7,000 Shares

LTC Properties, Inc. (NYSE:LTC) Director David Gruber purchased 7,000 shares of the stock in a transaction that occurred 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 completion of the acquisition, the director directly owned 36,931 shares in the company, valued at $1,403,378. The trade was a 23.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

LTC Properties Price Performance

Shares of LTC Properties stock opened at $38.36 on Friday. The company’s fifty day simple moving average is $37.24 and its two-hundred day simple moving average is $36.17. LTC Properties, Inc. has a 12-month low of $31.70 and a 12-month high of $40.80. The firm has a market cap of $1.86 billion, a PE ratio of 15.72 and a beta of 0.59. The company has a quick ratio of 8.04, a current ratio of 8.04 and a debt-to-equity ratio of 0.72.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $2.09 EPS for the quarter, beating the consensus estimate of $0.68 by $1.41. The firm had revenue of $82.11 million during the quarter, compared to the consensus estimate of $84.23 million. LTC Properties had a net margin of 44.82% and a return on equity of 10.95%. The company’s quarterly revenue was up 60.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.72 earnings per share. 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. As a group, equities analysts expect that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

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 given a $0.19 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Monday, March 23rd. LTC Properties’s dividend payout ratio (DPR) is currently 93.44%.

Hedge Funds Weigh In On LTC Properties

Institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. boosted its position in shares of LTC Properties by 4,205.5% in the 3rd quarter. American Century Companies Inc. now owns 812,235 shares of the real estate investment trust’s stock worth $29,939,000 after purchasing an additional 793,370 shares in the last quarter. Advisors Capital Management LLC boosted its holdings in LTC Properties by 51.9% in the second quarter. Advisors Capital Management LLC now owns 723,003 shares of the real estate investment trust’s stock worth $25,023,000 after acquiring an additional 246,919 shares in the last quarter. Keybank National Association OH bought a new stake in LTC Properties in the third quarter worth $7,931,000. Goldman Sachs Group Inc. grew its stake in shares of LTC Properties by 177.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 323,798 shares of the real estate investment trust’s stock worth $11,132,000 after acquiring an additional 207,043 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of LTC Properties in the fourth quarter worth $6,556,000. Institutional investors own 69.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wells Fargo & Company raised their price target on LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Weiss Ratings raised shares of LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 27th. Royal Bank Of Canada boosted their price target on shares of LTC Properties from $37.00 to $38.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Finally, Cantor Fitzgerald set a $36.00 price target on shares of LTC Properties in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.60.

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.