Weiss Ratings Reaffirms Hold (C+) Rating for LTC Properties (NYSE:LTC)

LTC Properties (NYSE:LTC)‘s stock had its “hold (c+)” rating reaffirmed by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other analysts have also issued research reports about the stock. Wells Fargo & Company upped their target price on shares of LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 27th. BMO Capital Markets raised shares of LTC Properties from an “underperform” rating to a “market perform” rating and set a $39.00 target price on the stock in a report on Wednesday, September 24th. Wedbush raised shares of LTC Properties to a “strong-buy” rating in a report on Wednesday, July 2nd. Cantor Fitzgerald initiated coverage on shares of LTC Properties in a report on Wednesday, October 1st. They issued a “neutral” rating and a $38.00 price target on the stock. Finally, JMP Securities increased their price target on shares of LTC Properties from $40.00 to $43.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, LTC Properties currently has a consensus rating of “Moderate Buy” and an average target price of $38.80.

LTC Properties Stock Performance

Shares of LTC stock opened at $34.57 on Wednesday. The stock has a market capitalization of $1.59 billion, a P/E ratio of 18.99 and a beta of 0.68. The company has a current ratio of 9.06, a quick ratio of 9.06 and a debt-to-equity ratio of 0.67. The firm’s 50 day moving average is $35.91 and its 200 day moving average is $35.40. LTC Properties has a 12 month low of $31.70 and a 12 month high of $39.89.

LTC Properties (NYSE:LTC) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $30.18 million for the quarter, compared to analyst estimates of $49.97 million. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. LTC Properties’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 EPS. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. On average, sell-side analysts anticipate that LTC Properties will post 2.79 earnings per share for the current year.

Institutional Trading of LTC Properties

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in LTC Properties by 10.6% during the third quarter. GAMMA Investing LLC now owns 2,999 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 288 shares during the period. Osaic Holdings Inc. boosted its position in LTC Properties by 42.1% during the second quarter. Osaic Holdings Inc. now owns 18,257 shares of the real estate investment trust’s stock valued at $632,000 after buying an additional 5,412 shares during the period. Squarepoint Ops LLC purchased a new stake in LTC Properties during the second quarter valued at about $599,000. Thrivent Financial for Lutherans boosted its position in LTC Properties by 1.6% during the second quarter. Thrivent Financial for Lutherans now owns 33,774 shares of the real estate investment trust’s stock valued at $1,169,000 after buying an additional 529 shares during the period. Finally, Anchor Investment Management LLC boosted its position in LTC Properties by 60.6% during the second quarter. Anchor Investment Management LLC now owns 2,733 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 1,031 shares during the period. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

LTC Properties Company Profile

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.