LTC Properties, Inc. (NYSE:LTC) Receives Average Rating of “Moderate Buy” from Brokerages

LTC Properties, Inc. (NYSE:LTC) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $46.50.

Several equities research analysts have weighed in on the company. Weiss Ratings cut LTC Properties from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, September 24th. Huntington initiated coverage on LTC Properties in a research note on Thursday, September 10th. They set an “outperform” rating and a $47.00 price target on the stock. Royal Bank Of Canada lifted their price objective on LTC Properties from $45.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, October 2nd. Nomura raised shares of LTC Properties to a “neutral” rating in a research note on Friday, August 14th. Finally, Wells Fargo & Company increased their target price on shares of LTC Properties from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 1st.

LTC Properties Stock Performance

Shares of NYSE:LTC opened at $42.07 on Friday. The firm has a market cap of $2.27 billion, a PE ratio of 15.52 and a beta of 0.55. The firm’s 50 day simple moving average is $41.33 and its 200-day simple moving average is $39.52. LTC Properties has a one year low of $33.64 and a one year high of $43.60. The company has a debt-to-equity ratio of 0.58, a quick ratio of 8.60 and a current ratio of 8.60.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share 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 firm had revenue of $98.08 million during the quarter, compared to the consensus estimate of $79.01 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’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. As a group, equities analysts predict that LTC Properties will post 2.78 EPS for the current year.

LTC Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 23rd will be issued a $0.19 dividend. The ex-dividend date is Wednesday, December 23rd. This represents a $2.28 annualized dividend and a dividend yield of 5.4%. LTC Properties’s payout ratio is currently 84.13%.

Insider Activity at LTC Properties

In related news, Director Timothy Triche sold 3,125 shares of LTC Properties stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $39.54, for a total transaction of $123,562.50. Following the transaction, the director directly owned 37,786 shares of the company’s stock, valued at $1,494,058.44. This trade represents a 7.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David L. Gruber acquired 3,500 shares of LTC Properties stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $38.30 per share, with a total value of $134,050.00. Following the purchase, the director directly owned 47,545 shares of the company’s stock, valued at $1,820,973.50. This represents a 7.95% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 2.20% of the stock is currently owned by corporate insiders.

Institutional Trading of LTC Properties

A number of hedge funds have recently bought and sold shares of LTC. BlackRock Inc. bought a new position in shares of LTC Properties in the 2nd quarter worth $345,915,000. Alyeska Investment Group L.P. bought a new stake in LTC Properties during the second quarter valued at about $34,396,000. Advisors Capital Management LLC purchased a new position in LTC Properties in the second quarter valued at about $31,148,000. Wellington Management Group LLP grew its stake in LTC Properties by 21.1% in the second quarter. Wellington Management Group LLP now owns 728,696 shares of the real estate investment trust’s stock valued at $28,018,000 after purchasing an additional 126,884 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in LTC Properties by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 676,970 shares of the real estate investment trust’s stock worth $25,157,000 after purchasing an additional 20,864 shares in the last quarter. Hedge funds and other 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 invests in healthcare-related properties. The company focuses primarily on senior housing and healthcare real estate, including assisted living, memory care, independent living and skilled nursing facilities.

LTC supports its portfolio through a range of investment structures, including property acquisitions, long-term leases, mortgage loans, mezzanine financing, preferred equity investments and joint ventures. Its properties are generally operated by third-party healthcare providers under lease or other investment arrangements.

Founded in 1992, LTC Properties serves markets across the United States.