Insider Buying: LTC Properties (NYSE:LTC) Director Buys 7,000 Shares of Stock

LTC Properties, Inc. (NYSE:LTC) Director David Gruber bought 7,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average price of $38.00 per share, with a total value of $266,000.00. Following the completion of the purchase, the director directly owned 36,931 shares of the company’s stock, valued at $1,403,378. This represents a 23.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

LTC Properties Price Performance

LTC Properties stock traded up $0.20 during mid-day trading on Friday, hitting $38.36. 313,545 shares of the company were exchanged, compared to its average volume of 434,596. The business has a fifty day moving average of $37.16 and a 200 day moving average of $36.15. 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, Inc. has a 1-year low of $31.70 and a 1-year high of $40.80. The company has a market capitalization of $1.86 billion, a PE ratio of 15.72 and a beta of 0.59.

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

LTC Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be paid a $0.19 dividend. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Monday, March 23rd. LTC Properties’s dividend payout ratio is presently 93.44%.

Hedge Funds Weigh In On LTC Properties

Several large investors have recently modified their holdings of the business. Jones Financial Companies Lllp increased its position in LTC Properties by 75.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 300 shares during the period. Farther Finance Advisors LLC increased its position in shares of LTC Properties by 187.5% during the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 587 shares during the period. Harbor Capital Advisors Inc. raised its stake in LTC Properties by 55.7% during the third quarter. Harbor Capital Advisors Inc. now owns 984 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 352 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in LTC Properties during the second quarter valued at $41,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of LTC Properties in the 3rd quarter worth about $41,000. Institutional investors own 69.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Royal Bank Of Canada increased their target price on shares of LTC Properties from $37.00 to $38.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Weiss Ratings upgraded shares of LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 27th. Wells Fargo & Company boosted their target price on shares of LTC Properties from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Finally, Cantor Fitzgerald set a $36.00 price target on LTC Properties in a research report on Monday, January 5th. One investment 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 MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.60.

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.