LTC Properties (NYSE:LTC) Reaches New 1-Year High – Here’s Why

LTC Properties, Inc. (NYSE:LTC) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $40.11 and last traded at $39.8650, with a volume of 79696 shares changing hands. The stock had previously closed at $39.60.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LTC shares. Cantor Fitzgerald set a $36.00 price target on shares of LTC Properties in a research report on Monday, January 5th. Royal Bank Of Canada boosted their price objective on LTC Properties from $37.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of LTC Properties in a report on Monday, December 29th. Finally, Wells Fargo & Company raised their target price 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. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $38.60.

LTC Properties Price Performance

The company has a debt-to-equity ratio of 0.90, a quick ratio of 8.68 and a current ratio of 8.68. The stock’s 50 day simple moving average is $36.54 and its two-hundred day simple moving average is $36.00. The firm has a market capitalization of $1.90 billion, a PE ratio of 16.35 and a beta of 0.62.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $1.41. LTC Properties had a return on equity of 11.26% and a net margin of 44.82%.The business had revenue of $82.11 million during the quarter, compared to analyst estimates of $84.23 million. During the same period in the prior year, the business earned $0.72 earnings per share. The business’s revenue was up 60.3% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS and its Q1 2026 guidance at 0.660-0.680 EPS. On average, sell-side analysts forecast that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be given 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 dividend yield of 5.7%. LTC Properties’s payout ratio is presently 316.67%.

Insider Activity

In other news, EVP David M. Boitano acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average cost of $34.44 per share, for a total transaction of $344,400.00. Following the completion of the transaction, the executive vice president owned 25,626 shares in the company, valued at approximately $882,559.44. This trade represents a 64.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On LTC Properties

Several institutional investors and hedge funds have recently bought and sold shares of LTC. Keybank National Association OH purchased a new position in shares of LTC Properties during the third quarter worth $7,931,000. Versor Investments LP acquired a new position in LTC Properties during the 3rd quarter worth about $995,000. Advisors Capital Management LLC boosted its holdings in LTC Properties by 51.9% during the 2nd quarter. Advisors Capital Management LLC now owns 723,003 shares of the real estate investment trust’s stock valued at $25,023,000 after acquiring an additional 246,919 shares during the period. Jupiter Asset Management Ltd. acquired a new position in LTC Properties in the 3rd quarter valued at about $6,797,000. Finally, Fox Run Management L.L.C. purchased a new stake in LTC Properties during the second quarter worth about $856,000. 69.25% of the stock is currently owned by institutional investors and hedge funds.

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.