LTC Properties (NYSE:LTC) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of LTC Properties, Inc. (NYSE:LTC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $37.28 and traded as high as $37.78. LTC Properties shares last traded at $36.9380, with a volume of 577,789 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently commented on LTC shares. Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday. 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. Cantor Fitzgerald lowered their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Weiss Ratings raised LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada increased their target price on LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.60.

LTC Properties Stock Up 0.1%

The stock has a market capitalization of $1.89 billion, a PE ratio of 14.92 and a beta of 0.57. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 0.73. The company’s fifty day moving average price is $38.14 and its 200-day moving average price is $37.28.

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, beating the consensus estimate of $0.52 by $0.17. The company had revenue of $94.41 million during the quarter, compared to the consensus estimate of $72.98 million. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The firm’s quarterly revenue was up 94.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Analysts forecast that LTC Properties, Inc. will post 2.77 earnings per share for the current year.

LTC Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 6.2%. LTC Properties’s dividend payout ratio (DPR) is 92.31%.

Insider Buying and Selling

In related news, Director David L. Gruber bought 4,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of $38.41 per share, with a total value of $153,640.00. Following the transaction, the director owned 44,045 shares in the company, valued at approximately $1,691,768.45. This trade represents a 9.99% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David M. Boitano bought 10,000 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was bought at an average cost of $34.77 per share, with a total value of $347,700.00. Following the transaction, the executive vice president owned 46,160 shares in the company, valued at $1,604,983.20. This trade represents a 27.65% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On LTC Properties

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of LTC Properties by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust’s stock valued at $248,843,000 after acquiring an additional 125,889 shares during the period. State Street Corp grew its position in shares of LTC Properties by 2.0% during the 2nd quarter. State Street Corp now owns 3,163,763 shares of the real estate investment trust’s stock valued at $109,498,000 after acquiring an additional 61,678 shares during the period. Geode Capital Management LLC grew its position in shares of LTC Properties by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,266,992 shares of the real estate investment trust’s stock valued at $43,566,000 after acquiring an additional 12,547 shares during the period. American Century Companies Inc. grew its position in shares of 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 acquiring an additional 793,370 shares during the period. Finally, Advisors Capital Management LLC grew its position in shares of LTC Properties by 1.7% during the 4th quarter. Advisors Capital Management LLC now owns 763,536 shares of the real estate investment trust’s stock valued at $26,250,000 after acquiring an additional 12,847 shares during the period. Institutional investors own 69.25% of the company’s stock.

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.