Royal Bank Of Canada Issues Positive Forecast for LTC Properties (NYSE:LTC) Stock Price

LTC Properties (NYSE:LTC) had its price target boosted by analysts at Royal Bank Of Canada from $37.00 to $38.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 5.61% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Cantor Fitzgerald initiated coverage on shares of LTC Properties in a research report on Wednesday, October 1st. They set a “neutral” rating and a $38.00 price target for the company. BMO Capital Markets upgraded LTC Properties from an “underperform” rating to a “market perform” rating and set a $39.00 price objective on the stock in a research note on Wednesday, September 24th. JMP Securities reissued a “market outperform” rating and issued a $43.00 target price on shares of LTC Properties in a research report on Friday, October 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of LTC Properties in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company decreased their price objective on LTC Properties from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, LTC Properties currently has an average rating of “Moderate Buy” and an average price target of $38.80.

LTC Properties Stock Up 0.3%

Shares of NYSE:LTC traded up $0.10 during midday trading on Monday, hitting $35.98. 78,524 shares of the company’s stock were exchanged, compared to its average volume of 353,260. LTC Properties has a 12 month low of $31.70 and a 12 month high of $39.89. The company has a market cap of $1.71 billion, a PE ratio of 19.77 and a beta of 0.67. The company has a debt-to-equity ratio of 0.67, a current ratio of 9.06 and a quick ratio of 9.06. The stock has a 50 day moving average price of $35.63 and a 200-day moving average price of $35.46.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $0.69 EPS for the quarter, topping the consensus estimate of $0.65 by $0.04. The firm had revenue of $27.84 million during the quarter, compared to the consensus estimate of $65.94 million. LTC Properties had a return on equity of 7.95% and a net margin of 38.24%.The company’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 earnings per share. LTC Properties has set its FY 2025 guidance at 2.690-2.710 EPS. On average, sell-side analysts anticipate that LTC Properties will post 2.79 EPS for the current fiscal year.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, Director David L. Gruber acquired 4,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average price of $35.41 per share, for a total transaction of $141,640.00. Following the completion of the transaction, the director owned 28,738 shares of the company’s stock, valued at approximately $1,017,612.58. This represents a 16.17% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Rossby Financial LCC raised its stake in LTC Properties by 18.3% in the third quarter. Rossby Financial LCC now owns 2,811 shares of the real estate investment trust’s stock valued at $104,000 after purchasing an additional 434 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of LTC Properties during the 3rd quarter worth $6,797,000. Advisors Capital Management LLC lifted its stake in LTC Properties by 3.8% during the third quarter. Advisors Capital Management LLC now owns 750,689 shares of the real estate investment trust’s stock worth $27,670,000 after purchasing an additional 27,686 shares during the last quarter. Aberdeen Group plc boosted its holdings in shares of LTC Properties by 0.7% in the 3rd quarter. Aberdeen Group plc now owns 245,061 shares of the real estate investment trust’s stock worth $8,898,000 after purchasing an additional 1,789 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of LTC Properties during the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.

About LTC Properties

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.