David Gruber Buys 500 Shares of LTC Properties (NYSE:LTC) Stock

LTC Properties, Inc. (NYSE:LTC) Director David Gruber purchased 500 shares of LTC Properties stock in a transaction dated Wednesday, August 12th. The stock was bought at an average price of $38.30 per share, with a total value of $19,150.00. Following the completion of the transaction, the director owned 48,070 shares of the company’s stock, valued at $1,841,081. This represents a 1.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

LTC Properties Stock Performance

NYSE:LTC opened at $40.28 on Friday. The business’s fifty day moving average is $39.11 and its 200 day moving average is $38.53. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 14.86 and a beta of 0.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 8.60 and a current ratio of 8.60. LTC Properties, Inc. has a 52-week low of $33.64 and a 52-week high of $43.00.

LTC Properties (NYSE:LTC) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 EPS for the quarter, topping 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 business had revenue of $98.08 million during the quarter, compared to the consensus estimate of $79.01 million. During the same quarter last year, the company earned $0.68 EPS. The firm’s revenue 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. Research analysts predict that LTC Properties, Inc. will post 2.77 EPS for the current year.

LTC Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be given a $0.19 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Tuesday, September 22nd. LTC Properties’s dividend payout ratio (DPR) is 84.13%.

Institutional Trading of LTC Properties

A number of large investors have recently modified their holdings of the business. Keudell Morrison Wealth Management bought a new stake in LTC Properties during the fourth quarter valued at approximately $1,365,000. Vanguard Group Inc. increased its holdings in shares of LTC Properties by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust’s stock worth $248,843,000 after buying an additional 125,889 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of LTC Properties in the 4th quarter worth $6,556,000. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of LTC Properties by 178.2% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 129,100 shares of the real estate investment trust’s stock valued at $4,438,000 after buying an additional 82,700 shares in the last quarter. Finally, UBS Group AG raised its position in shares of LTC Properties by 140.3% during the 4th quarter. UBS Group AG now owns 238,226 shares of the real estate investment trust’s stock valued at $8,190,000 after buying an additional 139,078 shares in the last quarter. Institutional investors own 69.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Royal Bank Of Canada raised shares of LTC Properties from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $41.00 to $45.00 in a report on Friday. Nomura raised shares of LTC Properties to a “neutral” rating in a report on Friday. Cantor Fitzgerald reduced their price target on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Weiss Ratings restated a “buy (b)” rating on shares of LTC Properties in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company increased their price objective on LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, LTC Properties currently has an average rating of “Moderate Buy” and a consensus price target of $41.40.

About LTC Properties

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.