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

Shares of LTC Properties, Inc. (NYSE:LTC) have been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $38.60.

LTC has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on LTC Properties from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of LTC Properties in a research report on Monday, December 29th. BMO Capital Markets raised shares of LTC Properties from an “underperform” rating to a “market perform” rating and set a $39.00 price objective on the stock in a report on Wednesday, September 24th. JMP Securities reaffirmed a “market outperform” rating and issued a $43.00 target price on shares of LTC Properties in a research note on Friday, October 17th. Finally, Royal Bank Of Canada upped their target price on shares of LTC Properties from $37.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th.

LTC Properties Price Performance

NYSE:LTC opened at $35.60 on Friday. The company has a quick ratio of 8.68, a current ratio of 8.68 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1.69 billion, a PE ratio of 49.45 and a beta of 0.62. LTC Properties has a 12 month low of $31.70 and a 12 month high of $37.25. The company’s 50-day moving average price is $35.30 and its two-hundred day moving average price is $35.42.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. The company had revenue of $50.05 million during the quarter, compared to analyst estimates of $65.94 million. LTC Properties had a net margin of 14.58% and a return on equity of 3.22%. The company’s revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the business posted $0.78 earnings per share. LTC Properties has set its FY 2025 guidance at 2.690-2.710 EPS. On average, equities analysts anticipate that LTC Properties will post 2.79 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) annualized dividend and a yield of 6.4%. LTC Properties’s dividend payout ratio is currently 316.67%.

Insiders Place Their Bets

In other news, Director David L. Gruber bought 4,000 shares of the stock in a transaction dated Thursday, November 6th. The stock was bought at an average cost of $35.41 per share, with a total value of $141,640.00. Following the purchase, the director owned 28,738 shares of the company’s stock, valued at approximately $1,017,612.58. This represents a 16.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP David M. Boitano purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average cost of $34.44 per share, for a total transaction of $344,400.00. Following the purchase, the executive vice president directly owned 25,626 shares of the company’s stock, valued at $882,559.44. This trade represents a 64.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 15,000 shares of company stock worth $521,980 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LTC. State Street Corp raised its stake in shares of LTC Properties by 2.0% during the second quarter. State Street Corp now owns 3,163,763 shares of the real estate investment trust’s stock worth $109,498,000 after buying an additional 61,678 shares during the last quarter. Geode Capital Management LLC grew its holdings in LTC Properties by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,245,676 shares of the real estate investment trust’s stock worth $43,118,000 after acquiring an additional 26,631 shares during the period. American Century Companies Inc. raised its position in shares of LTC Properties by 4,205.5% during the 3rd quarter. American Century Companies Inc. now owns 812,235 shares of the real estate investment trust’s stock valued at $29,939,000 after acquiring an additional 793,370 shares during the last quarter. Advisors Capital Management LLC lifted its stake in shares of LTC Properties by 3.8% in the 3rd quarter. Advisors Capital Management LLC now owns 750,689 shares of the real estate investment trust’s stock valued at $27,670,000 after purchasing an additional 27,686 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of LTC Properties by 3.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 655,717 shares of the real estate investment trust’s stock worth $24,169,000 after purchasing an additional 22,908 shares during the last quarter. 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.