LTC Properties (NYSE:LTC) Hits New 12-Month High – What’s Next?

LTC Properties, Inc. (NYSE:LTC)’s share price reached a new 52-week high on Tuesday. The company traded as high as $45.85 and last traded at $45.9850, with a volume of 64,884 shares. The stock had previously closed at $45.14.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LTC shares. Nomura raised shares of LTC Properties to a “neutral” rating in a research note on Friday, August 14th. Weiss Ratings cut shares of LTC Properties from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, September 24th. Royal Bank Of Canada lifted their price objective on LTC Properties from $45.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, October 2nd. Huntington began coverage on shares of LTC Properties in a research note on Thursday, September 10th. They set an “outperform” rating and a $47.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Thursday, August 27th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, LTC Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.40.

LTC Properties Price Performance

The firm has a market capitalization of $2.47 billion, a PE ratio of 16.92 and a beta of 0.55. The company has a debt-to-equity ratio of 0.58, a quick ratio of 8.60 and a current ratio of 8.60. The stock has a fifty day moving average price of $42.58 and a 200-day moving average price of $39.53.

LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%. The business had revenue of $98.08 million during the quarter, compared to the consensus estimate of $79.01 million. During the same quarter last year, the company earned $0.68 earnings per share. The company’s quarterly 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. Sell-side analysts forecast that LTC Properties, Inc. will post 2.77 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 23rd will be paid a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, December 23rd. LTC Properties’s payout ratio is currently 84.13%.

Insider Activity at LTC Properties

In other news, Director David Gruber acquired 3,500 shares of LTC Properties stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $38.30 per share, with a total value of $134,050.00. Following the purchase, the director owned 47,545 shares in the company, valued at $1,820,973.50. This trade represents a 7.95% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in LTC Properties during the second quarter worth about $1,425,000. Bank of America Corp DE acquired a new position in shares of LTC Properties in the 2nd quarter valued at $6,581,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of LTC Properties in the 2nd quarter valued at $1,194,000. Legal & General Group Plc bought a new position in shares of LTC Properties in the second quarter worth about $11,300,000. Finally, Wellington Management Group LLP raised its holdings in LTC Properties by 21.1% during the 2nd quarter. Wellington Management Group LLP now owns 728,696 shares of the real estate investment trust’s stock worth $28,018,000 after purchasing an additional 126,884 shares during the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.

LTC Properties Company Profile

LTC Properties, Inc is a real estate investment trust (REIT) that invests in healthcare-related real estate. The company focuses primarily on properties serving older adults, including skilled nursing facilities, assisted living communities, memory care facilities and independent living properties.

LTC Properties generally generates revenue through long-term leases, mortgage loans and other investments involving healthcare operators and property owners. Its investment activities may include property acquisitions, sale-leaseback transactions, joint ventures and financing arrangements.