LTC Properties (NYSE:LTC) Announces Earnings Results

LTC Properties (NYSE:LTC) posted its earnings results on Wednesday. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08, FiscalAI reports. The company had revenue of $98.08 million during the quarter, compared to analyst estimates of $79.01 million. LTC Properties had a return on equity of 11.95% and a net margin of 38.84%.The business’s revenue was up 63.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 earnings per share. LTC Properties updated its FY 2026 guidance to 2.760-2.780 EPS.

LTC Properties Stock Performance

Shares of NYSE:LTC traded up $0.33 on Friday, hitting $39.78. 130,870 shares of the company were exchanged, compared to its average volume of 462,417. The company’s 50 day moving average price is $38.71 and its two-hundred day moving average price is $38.45. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 14.67 and a beta of 0.56. The company has a debt-to-equity ratio of 0.73, a quick ratio of 9.20 and a current ratio of 9.20. LTC Properties has a one year low of $33.64 and a one year high of $43.00.

LTC Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be given a $0.19 dividend. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date is Tuesday, September 22nd. LTC Properties’s dividend payout ratio (DPR) is currently 84.13%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Cantor Fitzgerald lowered their price target on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Citigroup restated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Wells Fargo & Company boosted their price objective on LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of LTC Properties in a report on Wednesday. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.60.

Insider Activity at LTC Properties

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

Hedge Funds Weigh In On LTC Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its position in shares of LTC Properties by 177.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 323,798 shares of the real estate investment trust’s stock worth $11,132,000 after purchasing an additional 207,043 shares in the last quarter. Millennium Management LLC raised its stake in shares of LTC Properties by 74.1% in the third quarter. Millennium Management LLC now owns 442,930 shares of the real estate investment trust’s stock valued at $16,326,000 after acquiring an additional 188,447 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of LTC Properties by 47.4% in the third quarter. Two Sigma Investments LP now owns 483,004 shares of the real estate investment trust’s stock valued at $17,804,000 after acquiring an additional 155,226 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of LTC Properties by 68.3% in the 4th quarter. JPMorgan Chase & Co. now owns 354,226 shares of the real estate investment trust’s stock worth $12,178,000 after acquiring an additional 143,729 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of LTC Properties by 95.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 249,116 shares of the real estate investment trust’s stock worth $9,182,000 after acquiring an additional 121,896 shares in the last quarter. 69.25% of the stock is owned by institutional investors.

LTC Properties Company Profile

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.