LTC Properties (NYSE:LTC) Sets New 52-Week High – Here’s What Happened

LTC Properties, Inc. (NYSE:LTC) shares reached a new 52-week high on Wednesday . The stock traded as high as $43.00 and last traded at $42.8480, with a volume of 541742 shares traded. The stock had previously closed at $41.92.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LTC shares. Cantor Fitzgerald cut their target price on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Weiss Ratings upgraded LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Citigroup reissued a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Finally, Wells Fargo & Company boosted their price objective on LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.60.

LTC Properties Price Performance

The business has a fifty day moving average price of $38.19 and a 200 day moving average price of $38.01. The company has a debt-to-equity ratio of 0.73, a current ratio of 9.20 and a quick ratio of 9.20. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 17.35 and a beta of 0.57.

LTC Properties (NYSE:LTC) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. The firm had revenue of $94.41 million during the quarter, compared to analyst estimates of $72.98 million. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. LTC Properties’s revenue was up 94.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. On average, research analysts expect that LTC Properties, Inc. will post 2.8 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 5.3%. LTC Properties’s payout ratio is presently 92.31%.

Insiders Place Their Bets

In other news, EVP David M. Boitano purchased 10,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was purchased at an average cost of $34.77 per share, with a total value of $347,700.00. Following the purchase, the executive vice president owned 46,160 shares in the company, valued at $1,604,983.20. This trade represents a 27.65% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Timothy Triche sold 3,125 shares of LTC Properties stock in a transaction on Monday, July 13th. The shares were sold at an average price of $39.54, for a total value of $123,562.50. Following the transaction, the director owned 37,786 shares in the company, valued at approximately $1,494,058.44. This trade represents a 7.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LTC Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC lifted its position in shares of LTC Properties by 3.4% in the 4th quarter. ProShare Advisors LLC now owns 8,874 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 291 shares in the last quarter. Maryland State Retirement & Pension System grew its position in LTC Properties by 5.0% during 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 purchasing an additional 336 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in LTC Properties by 33.8% during 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 purchasing an additional 340 shares during the period. Hantz Financial Services Inc. raised its stake in LTC Properties by 27.7% during the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 348 shares during the period. Finally, Apollon Wealth Management LLC lifted its holdings in shares of LTC Properties by 2.0% in the fourth quarter. Apollon Wealth Management LLC now owns 23,320 shares of the real estate investment trust’s stock valued at $802,000 after purchasing an additional 453 shares in the last quarter. 69.25% of the stock is currently owned by institutional investors.

LTC Properties Company Profile

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.