Insider Buying: LTC Properties (NYSE:LTC) Director Purchases 4,000 Shares of Stock

LTC Properties, Inc. (NYSE:LTC) Director David Gruber acquired 4,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $38.41 per share, for a total transaction of $153,640.00. Following the transaction, the director owned 44,045 shares of the company’s stock, valued at $1,691,768.45. This trade represents a 9.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

LTC Properties Stock Performance

LTC Properties stock traded down $0.14 during midday trading on Friday, reaching $38.51. 341,626 shares of the company traded hands, compared to its average volume of 363,338. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.59 and a beta of 0.59. The business has a 50 day moving average of $38.43 and a two-hundred day moving average of $37.17. LTC Properties, Inc. has a 12 month low of $33.64 and a 12 month high of $40.80. The company has a debt-to-equity ratio of 0.73, a current ratio of 9.20 and a quick ratio of 9.20.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. The company had revenue of $94.41 million for the quarter, compared to the consensus estimate of $72.98 million. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The firm’s revenue for the quarter was up 94.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 earnings per share. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. As a group, research analysts predict that LTC Properties, Inc. will post 2.77 earnings per share for the current year.

LTC Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be given a dividend of $0.19 per share. The ex-dividend date is Monday, June 22nd. This represents a c) dividend on an annualized basis and a yield of 5.9%. LTC Properties’s dividend payout ratio is 92.31%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Cantor Fitzgerald reduced their target price on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Royal Bank Of Canada upped their target price on shares of LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a report on Friday, March 20th. Wells Fargo & Company upped their target price on shares of LTC Properties from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, March 26th. Finally, Weiss Ratings raised shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.40.

Institutional Trading of LTC Properties

A number of hedge funds and other institutional investors have recently modified their holdings of LTC. Royal Bank of Canada increased its stake in shares of LTC Properties by 37.7% in the first quarter. Royal Bank of Canada now owns 21,344 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 5,840 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of LTC Properties by 2.8% in the first quarter. AQR Capital Management LLC now owns 29,259 shares of the real estate investment trust’s stock worth $1,037,000 after purchasing an additional 806 shares in the last quarter. Creative Planning increased its stake in shares of LTC Properties by 40.6% in the second quarter. Creative Planning now owns 11,198 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 3,235 shares in the last quarter. American Century Companies Inc. increased its stake in shares of LTC Properties by 7.4% in the second quarter. American Century Companies Inc. now owns 18,865 shares of the real estate investment trust’s stock worth $653,000 after purchasing an additional 1,294 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of 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 worth $404,000 after purchasing an additional 4,447 shares in the last quarter. 69.25% of the stock is 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.