Weiss Ratings Reaffirms Hold (C+) Rating for LTC Properties (NYSE:LTC)

LTC Properties (NYSE:LTC)‘s stock had its “hold (c+)” rating reissued by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently commented on LTC. Cantor Fitzgerald assumed coverage on shares of LTC Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $38.00 target price for the company. Wedbush raised shares of LTC Properties to a “strong-buy” rating in a research report on Wednesday, July 2nd. BMO Capital Markets raised shares of LTC Properties from an “underperform” rating to a “market perform” rating and set a $39.00 target price for the company in a research report on Wednesday, September 24th. Wells Fargo & Company boosted their target price on shares of LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th. Finally, JMP Securities boosted their target price on shares of LTC Properties from $40.00 to $43.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

LTC Properties Trading Down 1.0%

LTC opened at $34.57 on Wednesday. LTC Properties has a 1-year low of $31.70 and a 1-year high of $39.89. The company has a current ratio of 9.06, a quick ratio of 9.06 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.59 billion, a P/E ratio of 18.99 and a beta of 0.68. The company has a fifty day moving average price of $35.91 and a two-hundred day moving average price of $35.40.

LTC Properties (NYSE:LTC) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. The company had revenue of $30.18 million during the quarter, compared to the consensus estimate of $49.97 million. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. Analysts predict that LTC Properties will post 2.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV purchased a new position in LTC Properties in the first quarter valued at about $33,000. Elevation Point Wealth Partners LLC purchased a new position in LTC Properties in the second quarter valued at about $41,000. Rossby Financial LCC purchased a new stake in shares of LTC Properties during the 1st quarter valued at approximately $58,000. Anchor Investment Management LLC purchased a new stake in shares of LTC Properties during the 1st quarter valued at approximately $60,000. Finally, IFP Advisors Inc lifted its stake in shares of LTC Properties by 21.2% during the 2nd quarter. IFP Advisors Inc now owns 1,691 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 296 shares in the last quarter. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

About LTC Properties

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.