LTC Properties (NYSE:LTC) Releases Quarterly Earnings Results

LTC Properties (NYSE:LTC) released its quarterly earnings results on Wednesday. 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, Zacks reports. LTC Properties had a return on equity of 10.95% and a net margin of 44.82%.The firm had revenue of $94.41 million for the quarter, compared to the consensus estimate of $72.98 million. During the same quarter last year, the business posted $0.65 EPS. The company’s revenue for the quarter was up 94.7% on a year-over-year basis. LTC Properties updated its FY 2026 guidance to 2.750-2.790 EPS.

LTC Properties Stock Down 1.3%

Shares of NYSE:LTC traded down $0.51 during midday trading on Thursday, reaching $37.96. The company had a trading volume of 63,243 shares, compared to its average volume of 394,124. The company has a quick ratio of 8.04, a current ratio of 8.04 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average price is $38.57 and its 200 day moving average price is $36.90. The stock has a market cap of $1.88 billion, a PE ratio of 15.56 and a beta of 0.59. LTC Properties has a 1-year low of $33.64 and a 1-year high of $40.80.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. LTC Properties’s payout ratio is currently 93.44%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LTC. Royal Bank Of Canada lifted their price target on LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a research note on Friday, March 20th. Wells Fargo & Company lifted their price target on LTC Properties from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, March 26th. Finally, Weiss Ratings raised LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, LTC Properties presently has an average rating of “Moderate Buy” and an average target price of $39.60.

Insider Buying and Selling

In other LTC Properties news, Director David L. Gruber purchased 7,000 shares of LTC Properties stock in a transaction that occurred on Thursday, March 5th. The stock was acquired at an average price of $38.00 per share, for a total transaction of $266,000.00. Following the completion of the acquisition, the director owned 36,931 shares of the company’s stock, valued at approximately $1,403,378. This trade represents a 23.39% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On LTC Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. Federation des caisses Desjardins du Quebec grew its holdings in LTC Properties by 27.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,626 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 772 shares during the period. Raymond James Financial Inc. bought a new position in LTC Properties during the second quarter worth about $154,000. Caitlin John LLC bought a new stake in shares of LTC Properties during the fourth quarter worth approximately $168,000. Tower Research Capital LLC TRC boosted its holdings in shares of LTC Properties by 341.6% during the second quarter. Tower Research Capital LLC TRC now owns 4,946 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 3,826 shares during the period. Finally, Virtus Advisers LLC bought a new stake in shares of LTC Properties during the fourth quarter worth approximately $179,000. 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.