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

Shares of LTC Properties, Inc. (NYSE:LTC) have earned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $40.60.

Several research analysts have recently weighed in on the company. Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Royal Bank Of Canada lifted their price objective on shares of LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a research note on Friday, March 20th. Wells Fargo & Company lifted their price objective on shares of LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. 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, Cantor Fitzgerald cut their target price on LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 11th.

LTC Properties Stock Up 0.8%

LTC Properties stock opened at $38.37 on Friday. 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 has a market capitalization of $1.96 billion, a P/E ratio of 15.54 and a beta of 0.57. LTC Properties has a twelve month low of $33.64 and a twelve month high of $40.80. The firm has a 50 day moving average price of $37.77 and a 200-day moving average price of $37.34.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping 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 return on equity of 10.87% and a net margin of 38.99%.The firm’s quarterly revenue was up 94.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 EPS. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. As a group, equities analysts predict that LTC Properties will post 2.77 EPS for the current year.

LTC Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be given a $0.19 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Monday, June 22nd. LTC Properties’s dividend payout ratio (DPR) is 92.31%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LTC. Royal Bank of Canada boosted its holdings in LTC Properties by 37.7% in the 1st quarter. Royal Bank of Canada now owns 21,344 shares of the real estate investment trust’s stock valued at $757,000 after purchasing an additional 5,840 shares during the period. AQR Capital Management LLC boosted its position in shares of LTC Properties by 2.8% during the 1st quarter. AQR Capital Management LLC now owns 29,259 shares of the real estate investment trust’s stock valued at $1,037,000 after acquiring an additional 806 shares during the last quarter. Creative Planning boosted its position in shares of LTC Properties by 40.6% during the 2nd quarter. Creative Planning now owns 11,198 shares of the real estate investment trust’s stock valued at $388,000 after acquiring an additional 3,235 shares during the last quarter. American Century Companies Inc. boosted its position in shares of LTC Properties by 7.4% during the 2nd quarter. American Century Companies Inc. now owns 18,865 shares of the real estate investment trust’s stock valued at $653,000 after acquiring an additional 1,294 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of LTC Properties by 61.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,667 shares of the real estate investment trust’s stock valued at $404,000 after acquiring an additional 4,447 shares during the last quarter. 69.25% of the stock is owned by institutional investors.

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.