Royal Bank Of Canada Issues Positive Forecast for LTC Properties (NYSE:LTC) Stock Price

LTC Properties (NYSE:LTC) had its target price upped by Royal Bank Of Canada from $38.00 to $41.00 in a research report report published on Friday,Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

LTC has been the topic of several other reports. Wells Fargo & Company increased their price objective on shares of LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Cantor Fitzgerald set a $36.00 price target on shares of LTC Properties in a research report on Monday, January 5th. Finally, 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. One investment 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.20.

LTC Properties Price Performance

LTC stock opened at $36.59 on Friday. LTC Properties has a 52-week low of $31.70 and a 52-week high of $40.80. The stock’s fifty day simple moving average is $37.97 and its 200-day simple moving average is $36.33. The company has a quick ratio of 8.04, a current ratio of 8.04 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 15.00 and a beta of 0.59.

LTC Properties (NYSE:LTC) last released its earnings results 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. LTC Properties had a return on equity of 10.95% and a net margin of 44.82%.The firm had revenue of $82.11 million during the quarter, compared to analyst estimates of $84.23 million. During the same period in the prior year, the firm posted $0.72 earnings per share. The business’s quarterly revenue was up 60.3% compared to the same quarter last year. 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. Equities research analysts expect that LTC Properties will post 2.79 EPS for the current year.

LTC Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be issued a $0.19 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Monday, March 23rd. LTC Properties’s payout ratio is currently 93.44%.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, EVP David M. Boitano bought 10,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were bought at an average cost of $34.44 per share, with a total value of $344,400.00. Following the completion of the acquisition, the executive vice president owned 25,626 shares of the company’s stock, valued at approximately $882,559.44. This trade represents a 64.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David L. Gruber purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was acquired at an average cost 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 approximately $1,403,378. This trade represents a 23.39% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On LTC Properties

Institutional investors have recently made changes to their positions in the stock. Keybank National Association OH acquired a new stake in LTC Properties in the third quarter worth about $7,931,000. Versor Investments LP acquired a new position in LTC Properties during the 3rd quarter valued at about $995,000. American Century Companies Inc. increased its stake in LTC Properties by 4,205.5% during the 3rd quarter. American Century Companies Inc. now owns 812,235 shares of the real estate investment trust’s stock valued at $29,939,000 after buying an additional 793,370 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of LTC Properties during the 3rd quarter worth about $6,797,000. Finally, Advisors Capital Management LLC raised its position in shares of LTC Properties by 3.8% during the 3rd quarter. Advisors Capital Management LLC now owns 750,689 shares of the real estate investment trust’s stock worth $27,670,000 after buying an additional 27,686 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 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.