LTC Properties (NYSE:LTC) Director Acquires $35,940.00 in Stock

LTC Properties, Inc. (NYSE:LTC) Director David Gruber bought 1,000 shares of the stock in a transaction dated Friday, November 7th. The shares were bought at an average cost of $35.94 per share, with a total value of $35,940.00. Following the completion of the acquisition, the director directly owned 29,834 shares of the company’s stock, valued at approximately $1,072,233.96. The trade was a 3.47% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

LTC Properties Stock Performance

LTC Properties stock traded up $0.36 during midday trading on Friday, reaching $35.88. 430,691 shares of the stock traded hands, compared to its average volume of 354,619. LTC Properties, Inc. has a fifty-two week low of $31.70 and a fifty-two week high of $39.89. The company has a current ratio of 9.06, a quick ratio of 9.06 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 19.71 and a beta of 0.67. The firm has a fifty day moving average price of $35.64 and a two-hundred day moving average price of $35.46.

LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. LTC Properties had a return on equity of 7.95% and a net margin of 38.24%.The company had revenue of $27.84 million for the quarter, compared to analyst estimates of $65.94 million. During the same period last year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. LTC Properties has set its FY 2025 guidance at 2.690-2.710 EPS. On average, equities research analysts forecast that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Announces Dividend

The firm also recently announced a dec 25 dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd will be issued a dividend of $0.19 per share. This represents a yield of 615.0%. The ex-dividend date is Tuesday, December 23rd. LTC Properties’s dividend payout ratio (DPR) is presently 125.27%.

Institutional Investors Weigh In On LTC Properties

A number of institutional investors have recently modified their holdings of the stock. Maryland State Retirement & Pension System grew its holdings in shares of LTC Properties by 2.1% during the 2nd quarter. Maryland State Retirement & Pension System now owns 13,498 shares of the real estate investment trust’s stock valued at $467,000 after acquiring an additional 283 shares in the last quarter. GAMMA Investing LLC boosted its position in LTC Properties by 10.6% during the third quarter. GAMMA Investing LLC now owns 2,999 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 288 shares during the last quarter. IFP Advisors Inc grew its stake in LTC Properties by 21.2% in the second quarter. IFP Advisors Inc now owns 1,691 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 296 shares in the last quarter. Jones Financial Companies Lllp grew its stake in LTC Properties by 75.0% in the third quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 300 shares in the last quarter. Finally, ORG Partners LLC increased its position in LTC Properties by 2.3% in the 3rd quarter. ORG Partners LLC now owns 15,839 shares of the real estate investment trust’s stock worth $584,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

Analyst Ratings Changes

LTC has been the subject of a number of recent analyst reports. Cantor Fitzgerald assumed coverage on LTC Properties in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $38.00 price target for the company. Wells Fargo & Company decreased their target price on shares of LTC Properties from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of LTC Properties in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their price target on shares of LTC Properties from $36.00 to $37.00 and gave the company a “sector perform” rating in a report on Friday, August 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $43.00 price objective on shares of LTC Properties in a research note on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, LTC Properties currently has an average rating of “Moderate Buy” and a consensus price target of $38.60.

LTC Properties Company Profile

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.