LTC Properties, Inc. (NYSE:LTC) Given Consensus Recommendation of “Moderate Buy” by Analysts

LTC Properties, Inc. (NYSE:LTC) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $44.00.

LTC has been the topic of several research reports. Citigroup restated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of LTC Properties in a research note on Wednesday, August 5th. Royal Bank Of Canada raised LTC Properties from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $41.00 to $45.00 in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft upgraded shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Thursday, August 27th. Finally, Nomura raised LTC Properties to a “neutral” rating in a research report on Friday, August 14th.

Insider Buying and Selling

In other LTC Properties news, Director David L. Gruber purchased 3,500 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $38.30 per share, with a total value of $134,050.00. Following the completion of the transaction, the director owned 47,545 shares in the company, valued at $1,820,973.50. The trade was a 7.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy Triche sold 3,125 shares of LTC Properties stock in a transaction that occurred on Monday, July 13th. The shares were 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 approximately $1,494,058.44. The trade was a 7.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. raised its position in shares of 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 valued at $29,000 after buying an additional 467 shares in the last quarter. Nykredit A S acquired a new stake in shares of LTC Properties in the 2nd quarter valued at approximately $46,000. Markowski Investments bought a new stake in shares of LTC Properties during the second quarter worth $49,000. Hantz Financial Services Inc. grew its position in LTC Properties by 27.7% during the 4th 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 stake in shares of LTC Properties during the first quarter worth about $78,000. Institutional investors and hedge funds own 69.25% of the company’s stock.

LTC Properties Stock Performance

LTC opened at $42.05 on Wednesday. The business’s 50-day moving average price is $40.38 and its two-hundred day moving average price is $38.93. LTC Properties has a 1 year low of $33.64 and a 1 year high of $43.00. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 15.52 and a beta of 0.58. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. The company had revenue of $98.08 million during the quarter, compared to analysts’ expectations of $79.01 million. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.LTC Properties’s revenue for the quarter was up 63.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Equities analysts expect that LTC Properties will post 2.78 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be issued a $0.19 dividend. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, September 22nd. LTC Properties’s dividend payout ratio is currently 84.13%.

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.