LTC Properties, Inc. (NYSE:LTC) Stock Has Consensus Target Price of $47.40 According to Analysts

Shares of LTC Properties, Inc. (NYSE:LTC) have received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $47.40.

LTC has been the subject of a number of analyst reports. Huntington assumed coverage on shares of 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 lowered shares of LTC Properties from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, September 24th. Wells Fargo & Company lifted their target price on shares of LTC Properties from $42.00 to $43.00 and gave the stock an “equal weight” rating in a report on Monday, October 19th. Deutsche Bank Aktiengesellschaft raised shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Thursday, August 27th. Finally, Nomura upgraded shares of LTC Properties to a “neutral” rating in a report on Friday, August 14th.

Insider Activity at LTC Properties

In other LTC Properties news, Director David Gruber acquired 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $38.30 per share, with a total value of $134,050.00. Following the transaction, the director owned 47,545 shares of the company’s stock, valued at approximately $1,820,973.50. This trade represents a 7.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Institutional Trading of LTC Properties

Several hedge funds have recently added to or reduced their stakes in LTC. BlackRock Inc. acquired a new stake in LTC Properties in the 2nd quarter worth $345,915,000. Alyeska Investment Group L.P. bought a new position in shares of LTC Properties during the 2nd quarter worth about $34,396,000. Advisors Capital Management LLC bought a new position in shares of LTC Properties during the 2nd quarter worth about $31,148,000. Bank of New York Mellon Corp acquired a new position in shares of LTC Properties during the second quarter valued at about $20,008,000. Finally, Eversept Partners LP acquired a new position in shares of LTC Properties during the first quarter valued at about $11,930,000. Institutional investors own 69.25% of the company’s stock.

LTC Properties Stock Down 0.4%

Shares of LTC Properties stock opened at $42.74 on Thursday. The stock has a market capitalization of $2.30 billion, a P/E ratio of 15.77 and a beta of 0.55. The company has a quick ratio of 8.60, a current ratio of 8.60 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $42.32 and a two-hundred day moving average price of $39.39. LTC Properties has a 12-month low of $33.64 and a 12-month high of $44.63.

LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 EPS for the quarter, beating 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 company had revenue of $98.08 million for the quarter, compared to the consensus estimate of $79.01 million. During the same quarter last year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 63.6% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Equities analysts expect that LTC Properties will post 2.77 earnings per share for the current year.

LTC Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 23rd will be paid a $0.19 dividend. The ex-dividend date is Wednesday, December 23rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.3%. LTC Properties’s payout ratio is presently 84.13%.

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.