Insider Buying: LTC Properties (NYSE:LTC) Director Purchases $19,150.00 in Stock

LTC Properties, Inc. (NYSE:LTC) Director David Gruber bought 500 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of $38.30 per share, with a total value of $19,150.00. Following the completion of the acquisition, the director owned 48,070 shares in the company, valued at approximately $1,841,081. This represents a 1.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

LTC Properties Stock Performance

LTC opened at $40.28 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60. The firm has a fifty day moving average price of $39.11 and a 200 day moving average price of $38.53. LTC Properties, Inc. has a 1 year low of $33.64 and a 1 year high of $43.00. The stock has a market cap of $2.17 billion, a P/E ratio of 14.86 and a beta of 0.56.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The company had revenue of $98.08 million for the quarter, compared to analyst estimates of $79.01 million. During the same quarter last year, the business earned $0.68 earnings per share. The firm’s revenue was up 63.6% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Equities research analysts anticipate that LTC Properties, Inc. will post 2.77 earnings per share for the current year.

LTC Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be paid a dividend of $0.19 per share. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, September 22nd. LTC Properties’s dividend payout ratio is presently 84.13%.

Institutional Investors Weigh In On LTC Properties

Several institutional investors have recently bought and sold shares of the company. Optiver Holding B.V. raised its holdings in shares of LTC Properties by 153.1% during the first quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 467 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of LTC Properties by 187.5% in the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 587 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of LTC Properties by 33.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 340 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of LTC Properties by 27.7% during the fourth quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 348 shares in the last quarter. Finally, KBC Group NV acquired a new position in LTC Properties in the 1st quarter valued at $78,000. 69.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Citigroup restated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Royal Bank Of Canada upgraded LTC Properties from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $41.00 to $45.00 in a research report on Friday. Nomura raised LTC Properties to a “neutral” rating in a report on Friday. Wells Fargo & Company boosted their price objective on LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of LTC Properties in a research note on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $41.40.

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.