Insider Buying: LTC Properties (NYSE:LTC) Director Purchases $134,050.00 in Stock

LTC Properties, Inc. (NYSE:LTC) Director David Gruber bought 3,500 shares of the stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $38.30 per share, with a total value of $134,050.00. Following the acquisition, the director owned 47,545 shares in the company, valued at approximately $1,820,973.50. This represents a 7.95% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

LTC Properties Stock Performance

LTC opened at $40.28 on Friday. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 14.86 and a beta of 0.56. The business’s 50-day moving average price is $39.11 and its two-hundred day moving average price is $38.53. LTC Properties, Inc. has a 1 year low of $33.64 and a 1 year high of $43.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. The company had revenue of $98.08 million during the quarter, compared to analysts’ expectations of $79.01 million. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.LTC Properties’s revenue for the quarter was up 63.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Equities analysts expect that LTC Properties, Inc. will post 2.77 EPS for the current fiscal year.

LTC Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be paid a $0.19 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 5.7%. LTC Properties’s payout ratio is presently 84.13%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Keudell Morrison Wealth Management bought a new position in shares of LTC Properties in the fourth quarter valued at $1,365,000. Vanguard Group Inc. raised its position in LTC Properties by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust’s stock worth $248,843,000 after acquiring an additional 125,889 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in LTC Properties during the fourth quarter worth $6,556,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in LTC Properties by 178.2% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 129,100 shares of the real estate investment trust’s stock valued at $4,438,000 after acquiring an additional 82,700 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in LTC Properties by 16.8% in the fourth quarter. Legal & General Group Plc now owns 317,709 shares of the real estate investment trust’s stock valued at $10,923,000 after acquiring an additional 45,627 shares during the last quarter. 69.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Nomura raised shares of LTC Properties to a “neutral” rating in a research report on Friday. Royal Bank Of Canada upgraded shares of LTC Properties from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $41.00 to $45.00 in a report on Friday. Cantor Fitzgerald decreased their target price on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Finally, Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $41.40.

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.