Insider Selling: LTC Properties (NYSE:LTC) Director Sells $123,562.50 in Stock

LTC Properties, Inc. (NYSE:LTC) Director Timothy Triche sold 3,125 shares of the company’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $39.54, for a total transaction 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 represents a 7.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

LTC Properties Stock Up 1.0%

NYSE LTC traded up $0.42 during trading on Tuesday, hitting $40.09. 898,476 shares of the company traded hands, compared to its average volume of 445,890. LTC Properties, Inc. has a 12 month low of $33.64 and a 12 month high of $40.80. The business has a fifty day simple moving average of $37.85 and a 200 day simple moving average of $37.71. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $2.05 billion, a P/E ratio of 16.23 and a beta of 0.57.

LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.17. The company had revenue of $94.41 million during the quarter, compared to analysts’ expectations of $72.98 million. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The business’s quarterly revenue was up 94.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 earnings per share. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. As a group, sell-side analysts predict that LTC Properties, Inc. will post 2.77 EPS for the current year.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be issued a $0.19 dividend. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date is Tuesday, September 22nd. LTC Properties’s payout ratio is 92.31%.

Institutional Trading of LTC Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LTC. Optiver Holding B.V. increased its position in LTC Properties by 153.1% in the 1st quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 467 shares during the period. Farther Finance Advisors LLC boosted its position in shares of LTC Properties by 187.5% in the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 587 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake 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 worth $46,000 after acquiring an additional 340 shares during the last quarter. Hantz Financial Services Inc. grew its stake 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 worth $55,000 after acquiring an additional 348 shares during the last quarter. Finally, KBC Group NV bought a new position in LTC Properties during the first quarter worth $78,000. Institutional investors and hedge funds own 69.25% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on LTC shares. Cantor Fitzgerald lowered their price target on LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Wells Fargo & Company boosted their price objective on shares of LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Royal Bank Of Canada upped their price objective on shares of LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a report on Friday, March 20th. Weiss Ratings upgraded shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Finally, Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, LTC Properties has a consensus rating of “Hold” and a consensus price target of $40.60.

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.