LTC Properties (NYSE:LTC) Stock Crosses Above 200-Day Moving Average – Here’s Why

LTC Properties, Inc. (NYSE:LTC)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $39.91 and traded as high as $43.55. LTC Properties shares last traded at $43.3680, with a volume of 492,637 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LTC shares. Huntington initiated coverage on LTC Properties in a research note on Thursday, September 10th. They issued an “outperform” rating and a $47.00 price objective for the company. Weiss Ratings cut LTC Properties from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, September 24th. Royal Bank Of Canada increased their target price on shares of LTC Properties from $45.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, October 2nd. Wells Fargo & Company upped their price target on shares of LTC Properties from $42.00 to $43.00 and gave the company an “equal weight” rating in a report on Monday, October 19th. Finally, Nomura raised shares of LTC Properties to a “neutral” rating in a research note on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.40.

LTC Properties Stock Up 0.9%

The business has a 50 day moving average of $42.17 and a two-hundred day moving average of $39.93. 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 market capitalization of $2.36 billion, a PE ratio of 16.14 and a beta of 0.55.

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

LTC Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 23rd will be given a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Wednesday, December 23rd. LTC Properties’s dividend payout ratio is 84.13%.

Insider Activity at LTC Properties

In other LTC Properties news, Director David Gruber bought 3,500 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was bought at an average price of $38.30 per share, with a total value of $134,050.00. Following the completion of the purchase, the director directly owned 47,545 shares in the company, valued at $1,820,973.50. The trade was a 7.95% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LTC Properties

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC increased its stake in LTC Properties by 113.5% during the third quarter. Signaturefd LLC now owns 1,266 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 673 shares during the last quarter. Wedbush Securities Inc. boosted its stake in LTC Properties by 6.5% in the third quarter. Wedbush Securities Inc. now owns 9,758 shares of the real estate investment trust’s stock valued at $418,000 after acquiring an additional 594 shares during the period. Yousif Capital Management LLC raised its position in shares of LTC Properties by 4.1% during the 3rd quarter. Yousif Capital Management LLC now owns 13,601 shares of the real estate investment trust’s stock worth $583,000 after purchasing an additional 531 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of LTC Properties by 42.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,967 shares of the real estate investment trust’s stock worth $642,000 after purchasing an additional 4,442 shares during the period. Finally, Cordatus Wealth Management LLC bought a new stake in LTC Properties in the third quarter valued at $325,000. 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.