Insider Buying: LTC Properties (NYSE:LTC) Director Buys 4,000 Shares of Stock

LTC Properties, Inc. (NYSE:LTC) Director David Gruber purchased 4,000 shares of LTC Properties stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $38.41 per share, for a total transaction of $153,640.00. Following the transaction, the director directly owned 44,045 shares of the company’s stock, valued at $1,691,768.45. This trade represents a 9.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

LTC Properties Trading Down 0.3%

Shares of NYSE LTC traded down $0.14 during midday trading on Friday, hitting $38.51. 341,626 shares of the company traded hands, compared to its average volume of 363,338. LTC Properties, Inc. has a 12-month low of $33.64 and a 12-month high of $40.80. The company has a debt-to-equity ratio of 0.73, a quick ratio of 9.20 and a current ratio of 9.20. The stock has a 50-day moving average price of $38.43 and a 200 day moving average price of $37.17. The firm has a market cap of $1.97 billion, a P/E ratio of 15.59 and a beta of 0.59.

LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.17. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The company had revenue of $94.41 million for the quarter, compared to analysts’ expectations of $72.98 million. During the same quarter in the previous year, the company earned $0.65 earnings per share. LTC Properties’s quarterly revenue was up 94.7% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. As a group, analysts expect that LTC Properties, Inc. will post 2.77 earnings per share for the current year.

LTC Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a c) annualized dividend and a yield of 5.9%. LTC Properties’s payout ratio is presently 92.31%.

Wall Street Analysts Forecast Growth

LTC has been the topic of several research reports. Cantor Fitzgerald dropped their price objective on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Weiss Ratings raised shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Royal Bank Of Canada boosted their price objective on shares of LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research note on Friday, March 20th. Finally, Wells Fargo & Company boosted their price objective on shares of LTC Properties from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $40.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in shares of LTC Properties by 75.0% in the third quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 300 shares in the last quarter. Farther Finance Advisors LLC lifted its position in LTC Properties by 187.5% during the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 587 shares during the period. Aster Capital Management DIFC Ltd bought a new position in LTC Properties during the third quarter valued at approximately $41,000. Hantz Financial Services Inc. lifted its position in LTC Properties by 701.3% during the third quarter. Hantz Financial Services Inc. now owns 1,258 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,101 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in LTC Properties by 33.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 340 shares during the period. 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 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.