LTC Properties (NYSE:LTC) EVP David Boitano Buys 10,000 Shares of Stock

LTC Properties, Inc. (NYSE:LTC) EVP David Boitano bought 10,000 shares of LTC Properties stock in a transaction dated Thursday, June 4th. The shares were acquired at an average cost of $34.77 per share, with a total value of $347,700.00. Following the completion of the purchase, the executive vice president owned 46,160 shares in the company, valued at approximately $1,604,983.20. This trade represents a 27.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

LTC Properties Trading Down 0.5%

Shares of LTC stock opened at $34.87 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 9.20 and a quick ratio of 9.20. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 14.12 and a beta of 0.57. The stock has a 50 day simple moving average of $38.22 and a 200-day simple moving average of $37.26. LTC Properties, Inc. has a 1-year low of $33.64 and a 1-year high of $40.80.

LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping 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 firm had revenue of $94.41 million during the quarter, compared to analysts’ expectations of $72.98 million. During the same period in the previous year, the business earned $0.65 earnings per share. The firm’s revenue for the quarter was up 94.7% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. On average, equities research analysts expect that LTC Properties, Inc. will post 2.77 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be given a dividend of $0.19 per share. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date is Monday, June 22nd. LTC Properties’s payout ratio is presently 92.31%.

Institutional Trading of LTC Properties

Several large investors have recently added to or reduced their stakes in LTC. Vanguard Group Inc. lifted its stake in shares of LTC Properties by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust’s stock valued at $248,843,000 after purchasing an additional 125,889 shares during the last quarter. State Street Corp lifted its stake in shares of LTC Properties by 2.0% in the 2nd quarter. State Street Corp now owns 3,163,763 shares of the real estate investment trust’s stock valued at $109,498,000 after purchasing an additional 61,678 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of LTC Properties by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,266,992 shares of the real estate investment trust’s stock valued at $43,566,000 after purchasing an additional 12,547 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of LTC Properties by 4,205.5% in 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 purchasing an additional 793,370 shares during the last quarter. Finally, Advisors Capital Management LLC lifted its stake in shares of LTC Properties by 1.7% in the 4th quarter. Advisors Capital Management LLC now owns 763,536 shares of the real estate investment trust’s stock valued at $26,250,000 after purchasing an additional 12,847 shares during the last quarter. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on LTC shares. Weiss Ratings upgraded LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Royal Bank Of Canada boosted their price target on LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Friday, March 20th. Cantor Fitzgerald dropped their price target on LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Finally, Wells Fargo & Company upped their target price on LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday. One 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.60.

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.