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

Shares of LTC Properties, Inc. (NYSE:LTC) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $38.60.

Several equities research analysts have recently issued reports on LTC shares. Weiss Ratings raised shares of LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Cantor Fitzgerald set a $36.00 target price on shares of LTC Properties in a report on Monday, January 5th. Finally, Wells Fargo & Company upped their price target on shares of LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th.

LTC Properties Stock Performance

NYSE LTC opened at $38.77 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 8.04 and a quick ratio of 8.04. LTC Properties has a 1-year low of $31.70 and a 1-year high of $40.80. The firm has a market capitalization of $1.88 billion, a P/E ratio of 15.89 and a beta of 0.59. The business’s 50-day simple moving average is $37.83 and its 200-day simple moving average is $36.29.

LTC Properties (NYSE:LTC) last posted its earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $1.41. LTC Properties had a net margin of 44.82% and a return on equity of 10.95%. The firm had revenue of $82.11 million during the quarter, compared to the consensus estimate of $84.23 million. During the same quarter in the prior year, the company earned $0.72 EPS. The company’s revenue was up 60.3% on a year-over-year basis. 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. Equities analysts predict that LTC Properties will post 2.79 EPS for the current year.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 5.9%. LTC Properties’s dividend payout ratio is presently 93.44%.

Insider Transactions at LTC Properties

In related news, EVP David M. Boitano bought 10,000 shares of the stock in a transaction dated Wednesday, December 31st. The stock was acquired at an average price of $34.44 per share, for a total transaction of $344,400.00. Following the completion of the purchase, the executive vice president owned 25,626 shares in the company, valued at $882,559.44. This represents a 64.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David L. Gruber bought 7,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were bought at an average price of $38.00 per share, for a total transaction of $266,000.00. Following the completion of the acquisition, the director owned 36,931 shares in the company, valued at approximately $1,403,378. This trade represents a 23.39% increase in their position. The SEC filing for this purchase provides additional information. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of LTC Properties by 10.6% in the third quarter. GAMMA Investing LLC now owns 2,999 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 288 shares during the period. ProShare Advisors LLC increased its stake in LTC Properties by 3.4% during the 4th quarter. ProShare Advisors LLC now owns 8,874 shares of the real estate investment trust’s stock worth $305,000 after buying an additional 291 shares during the period. Jones Financial Companies Lllp lifted its holdings in LTC Properties by 75.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 300 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in LTC Properties by 5.0% in the 4th quarter. Maryland State Retirement & Pension System now owns 7,028 shares of the real estate investment trust’s stock worth $242,000 after buying an additional 336 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in LTC Properties by 33.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 340 shares during the last quarter. 69.25% of the stock is 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.