LTC Properties (NYSE:LTC) Price Target Raised to $52.00

LTC Properties (NYSE:LTC) had its price objective increased by Royal Bank Of Canada from $45.00 to $52.00 in a report issued on Friday morning, MarketBeat Ratings reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other research firms also recently issued reports on LTC. Nomura raised LTC Properties to a “neutral” rating in a research note on Friday, August 14th. Wells Fargo & Company upped their price objective on LTC Properties from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft upgraded LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Thursday, August 27th. Weiss Ratings lowered shares of LTC Properties from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, September 24th. Finally, Huntington began coverage on shares of LTC Properties in a research report on Thursday, September 10th. They issued an “outperform” rating and a $47.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.50.

LTC Properties Stock Down 0.1%

LTC opened at $42.94 on Friday. The company has a market capitalization of $2.31 billion, a PE ratio of 15.85 and a beta of 0.55. The firm has a 50-day simple moving average of $41.27 and a two-hundred day simple moving average of $39.40. The company has a quick ratio of 8.60, a current ratio of 8.60 and a debt-to-equity ratio of 0.58. LTC Properties has a 52 week low of $33.64 and a 52 week high of $43.60.

LTC Properties (NYSE:LTC) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.08. The firm had revenue of $98.08 million for 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%.The business’s revenue was up 63.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Analysts forecast that LTC Properties will post 2.78 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 23rd will be given a $0.19 dividend. The ex-dividend date is Wednesday, December 23rd. This represents a $2.28 annualized dividend and a yield of 5.3%. LTC Properties’s dividend payout ratio (DPR) is currently 84.13%.

Insider Activity at LTC Properties

In related news, Director David L. Gruber acquired 3,500 shares of the stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $38.30 per share, with a total value of $134,050.00. Following the purchase, the director directly owned 47,545 shares of the company’s stock, valued at approximately $1,820,973.50. This trade represents a 7.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy Triche sold 3,125 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $39.54, for a total value of $123,562.50. Following the completion of the sale, the director directly owned 37,786 shares of the company’s stock, valued at $1,494,058.44. The trade was a 7.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On LTC Properties

Several large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in LTC Properties during the 2nd quarter valued at $345,915,000. Alyeska Investment Group L.P. purchased a new position in LTC Properties during the second quarter worth $34,396,000. Advisors Capital Management LLC purchased a new position in LTC Properties during the second quarter worth $31,148,000. Bank of New York Mellon Corp purchased a new position in LTC Properties during the second quarter worth $20,008,000. Finally, Eversept Partners LP bought a new position in LTC Properties during the first quarter valued at $11,930,000. Institutional investors own 69.25% of the company’s stock.

Key Stories Impacting LTC Properties

Here are the key news stories impacting LTC Properties this week:

• Positive Sentiment: Royal Bank of Canada raised its price target for LTC Properties to $52 from $45 and upgraded the shares to “outperform.” The new target implies approximately 21% upside from the referenced price, signaling improved analyst confidence in LTC’s outlook. TickerReport analyst price target article
• Positive Sentiment: LTC Properties announced nearly $160 million of acquisitions involving three senior housing communities. The purchases expand its Senior Housing Operating Portfolio, or SHOP, platform and increase exposure to operating senior housing assets, which may provide additional growth potential. LTC accelerates SHOP growth article
• Positive Sentiment: The company declared its monthly common-stock dividend at $0.19 per share for each month of the fourth quarter. The $2.28 annualized payout equates to a dividend yield of about 5.3%, reinforcing LTC’s appeal to income-focused investors. LTC fourth-quarter dividend announcement
• Neutral Sentiment: To fund the portfolio shift, LTC is divesting two non-SHOP triple-net property portfolios valued at approximately $260 million. The transaction sharpens the company’s strategic focus but also increases reliance on the performance and execution of its SHOP operations. LTC senior housing acquisitions and divestitures article

LTC Properties Company Profile

LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that invests in healthcare-related properties. The company focuses primarily on senior housing and healthcare real estate, including assisted living, memory care, independent living and skilled nursing facilities.

LTC supports its portfolio through a range of investment structures, including property acquisitions, long-term leases, mortgage loans, mezzanine financing, preferred equity investments and joint ventures. Its properties are generally operated by third-party healthcare providers under lease or other investment arrangements.

Founded in 1992, LTC Properties serves markets across the United States.