LTC Properties (NYSE:LTC) Releases Quarterly Earnings Results, Beats Expectations By $0.17 EPS

LTC Properties (NYSE:LTC) released its earnings results on Wednesday. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.17, Zacks reports. The business had revenue of $94.41 million during the quarter, compared to analysts’ expectations of $72.98 million. LTC Properties had a net margin of 38.99% and a return on equity of 11.12%. The company’s quarterly revenue was up 94.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 earnings per share. LTC Properties updated its FY 2026 guidance to 2.750-2.790 EPS.

LTC Properties Trading Up 1.8%

Shares of LTC traded up $0.69 during mid-day trading on Friday, reaching $39.31. The stock had a trading volume of 88,847 shares, compared to its average volume of 395,233. LTC Properties has a 52-week low of $33.64 and a 52-week high of $40.80. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 15.92 and a beta of 0.59. The business’s fifty day moving average is $38.56 and its 200 day moving average is $36.93. 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 Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. LTC Properties’s dividend payout ratio is currently 93.44%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their price objective on LTC Properties from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 26th. Royal Bank Of Canada raised their price objective on LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a report on Friday, March 20th. Finally, Weiss Ratings raised shares of LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, LTC Properties currently has an average rating of “Moderate Buy” and a consensus price target of $39.60.

Insiders Place Their Bets

In other news, Director David L. Gruber purchased 7,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was acquired at an average price of $38.00 per share, with a total value of $266,000.00. Following the purchase, the director directly owned 36,931 shares in the company, valued at approximately $1,403,378. This represents a 23.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 2.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LTC. Cerity Partners LLC lifted its stake in shares of LTC Properties by 15.2% in the 4th quarter. Cerity Partners LLC now owns 11,863 shares of the real estate investment trust’s stock valued at $408,000 after purchasing an additional 1,561 shares during the last quarter. Russell Investments Group Ltd. lifted its position in LTC Properties by 61.6% in the second quarter. Russell Investments Group Ltd. now owns 11,667 shares of the real estate investment trust’s stock valued at $404,000 after buying an additional 4,447 shares during the last quarter. Nebula Research & Development LLC purchased a new position in LTC Properties during the second quarter worth about $371,000. Mariner LLC increased its position in shares of LTC Properties by 43.8% during the third quarter. Mariner LLC now owns 9,965 shares of the real estate investment trust’s stock valued at $367,000 after acquiring an additional 3,036 shares during the last quarter. Finally, Triumph Capital Management raised its stake in shares of LTC Properties by 6.9% in the 4th quarter. Triumph Capital Management now owns 9,702 shares of the real estate investment trust’s stock valued at $334,000 after acquiring an additional 625 shares during the period. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

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.