LTC Properties, Inc. (NYSE:LTC) Given Consensus Recommendation of “Hold” by Analysts

Shares of LTC Properties, Inc. (NYSE:LTC) have received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $40.60.

Several research firms have issued reports on LTC. Weiss Ratings upgraded LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Citigroup restated a “market outperform” rating on shares of LTC Properties in a research report on Wednesday, June 10th. Wells Fargo & Company upped 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. Royal Bank Of Canada raised their price objective 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. Finally, Cantor Fitzgerald lowered their target price on LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 11th.

LTC Properties Stock Performance

NYSE LTC opened at $39.24 on Friday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 15.89 and a beta of 0.57. The business’s 50 day moving average is $37.70 and its two-hundred day moving average is $37.48. LTC Properties has a 12-month low of $33.64 and a 12-month high of $40.80. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73.

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

LTC Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be given a $0.19 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 5.8%. LTC Properties’s payout ratio is currently 92.31%.

Insider Transactions at LTC Properties

In other LTC Properties news, Director David L. Gruber purchased 4,000 shares of LTC Properties stock in a transaction on Thursday, May 21st. The shares were bought at an average price of $38.41 per share, with a total value of $153,640.00. Following the completion of the acquisition, the director directly owned 44,045 shares of the company’s stock, valued at approximately $1,691,768.45. This trade represents a 9.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David M. Boitano purchased 10,000 shares of LTC Properties stock in a transaction on Thursday, June 4th. The stock was acquired at an average cost of $34.77 per share, for a total transaction of $347,700.00. Following the acquisition, the executive vice president directly owned 46,160 shares of the company’s stock, valued at approximately $1,604,983.20. This represents a 27.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. ProShare Advisors LLC grew its stake in LTC Properties by 3.4% during the 4th quarter. ProShare Advisors LLC now owns 8,874 shares of the real estate investment trust’s stock valued at $305,000 after purchasing an additional 291 shares in the last quarter. Maryland State Retirement & Pension System raised its position in shares of LTC Properties by 5.0% in the 4th quarter. Maryland State Retirement & Pension System now owns 7,028 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 336 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of LTC Properties by 33.8% in the 4th 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 in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of LTC Properties by 27.7% during the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 348 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its stake in shares of LTC Properties by 2.0% during the 4th quarter. Apollon Wealth Management LLC now owns 23,320 shares of the real estate investment trust’s stock valued at $802,000 after buying an additional 453 shares during the last quarter. 69.25% of the stock is owned by hedge funds and other institutional investors.

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.