LTC Properties, Inc. (NYSE:LTC) Short Interest Down 17.6% in April

LTC Properties, Inc. (NYSE:LTC) was the target of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 2,209,738 shares, a decline of 17.6% from the March 31st total of 2,682,679 shares. Based on an average trading volume of 298,638 shares, the days-to-cover ratio is presently 7.4 days. Approximately 4.6% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LTC. Wells Fargo & Company boosted their price target on shares of LTC Properties from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, March 26th. 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. Cantor Fitzgerald set a $36.00 target price on shares of LTC Properties in a research note on Monday, January 5th. Finally, Royal Bank Of Canada boosted their target price 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. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $39.60.

Insider Transactions at LTC Properties

In related news, Director David L. Gruber bought 7,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were acquired at an average price of $38.00 per share, with a total value of $266,000.00. Following the completion of the transaction, the director owned 36,931 shares of the company’s stock, valued at $1,403,378. The trade was a 23.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On LTC Properties

Several large investors have recently made changes to their positions in the stock. Anchor Investment Management LLC boosted its holdings in shares of LTC Properties by 36.2% in the 1st quarter. Anchor Investment Management LLC now owns 4,463 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 1,185 shares during the last quarter. Diversify Wealth Management LLC acquired a new stake in LTC Properties during the 1st quarter valued at $1,448,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in LTC Properties by 24.3% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,022 shares of the real estate investment trust’s stock valued at $1,227,000 after purchasing an additional 6,460 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in LTC Properties by 159.0% during the 1st quarter. Kestra Advisory Services LLC now owns 55,593 shares of the real estate investment trust’s stock valued at $2,066,000 after purchasing an additional 34,129 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in LTC Properties by 5.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 53,006 shares of the real estate investment trust’s stock valued at $1,970,000 after purchasing an additional 2,606 shares during the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

LTC Properties Trading Up 0.7%

Shares of LTC stock traded up $0.25 on Friday, reaching $38.47. The company had a trading volume of 287,979 shares, compared to its average volume of 312,358. The company has a current ratio of 8.04, a quick ratio of 8.04 and a debt-to-equity ratio of 0.72. The stock has a market cap of $1.90 billion, a PE ratio of 15.77 and a beta of 0.59. The company has a 50-day moving average of $38.60 and a 200-day moving average of $36.81. LTC Properties has a 12 month low of $33.64 and a 12 month high of $40.80.

LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $1.41. LTC Properties had a return on equity of 10.95% and a net margin of 44.82%.The company had revenue of $82.11 million during the quarter, compared to analysts’ expectations of $84.23 million. During the same period in the prior year, the business posted $0.72 EPS. LTC Properties’s revenue was up 60.3% on a year-over-year basis. 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. On average, equities analysts forecast that LTC Properties will post 2.8 earnings per share for the current year.

LTC Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be issued a $0.19 dividend. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, June 22nd. LTC Properties’s dividend payout ratio is presently 93.44%.

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.