LTC Properties, Inc. (NYSE:LTC) Stock Has Average Price Target of $46.50 According to Brokerages

LTC Properties, Inc. (NYSE:LTC) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $46.50.

LTC has been the topic of a number of research analyst reports. Weiss Ratings downgraded LTC Properties from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, September 24th. Huntington assumed coverage on LTC Properties in a report on Thursday, September 10th. They set an “outperform” rating and a $47.00 price target for the company. Royal Bank Of Canada lifted their price objective on LTC Properties from $45.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft raised LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Thursday, August 27th. Finally, Wells Fargo & Company increased their target price on LTC Properties from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 1st.

LTC Properties Stock Performance

Shares of NYSE LTC opened at $42.39 on Friday. The company has a market cap of $2.29 billion, a P/E ratio of 15.64 and a beta of 0.55. LTC Properties has a 52-week low of $33.64 and a 52-week high of $43.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 8.60 and a current ratio of 8.60. The firm’s fifty day moving average is $41.29 and its two-hundred day moving average is $39.46.

LTC Properties (NYSE:LTC) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. The business had revenue of $98.08 million during the quarter, compared to the consensus estimate of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The business’s revenue was up 63.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, analysts anticipate that LTC Properties will post 2.78 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 23rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, December 23rd. This represents a $2.28 dividend on an annualized basis and a yield of 5.4%. LTC Properties’s dividend payout ratio is presently 84.13%.

Insider Buying and Selling at LTC Properties

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LTC. BlackRock Inc. purchased a new position in shares of LTC Properties in the 2nd quarter worth approximately $345,915,000. Alyeska Investment Group L.P. purchased a new stake in LTC Properties during the 2nd quarter valued at $34,396,000. Advisors Capital Management LLC purchased a new stake in LTC Properties during the 2nd quarter valued at $31,148,000. Bank of New York Mellon Corp bought a new stake in LTC Properties in the second quarter worth $20,008,000. Finally, Eversept Partners LP bought a new stake in LTC Properties in the first quarter worth $11,930,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.

About LTC Properties

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.