Analysts Set LTC Properties, Inc. (NYSE:LTC) PT at $39.60

LTC Properties, Inc. (NYSE:LTC) has earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $39.60.

Several brokerages have recently issued reports on LTC. Wells Fargo & Company lifted their target price on LTC Properties from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, March 26th. Weiss Ratings raised LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, February 27th. Cantor Fitzgerald set a $36.00 target price on LTC Properties in a report on Monday, January 5th. Finally, Royal Bank Of Canada lifted their target price on LTC Properties from $38.00 to $41.00 and gave the stock a “sector perform” rating in a report on Friday, March 20th.

LTC Properties Trading Up 0.4%

Shares of LTC stock opened at $39.75 on Friday. LTC Properties has a 12-month low of $33.64 and a 12-month high of $40.80. The company has a current ratio of 8.04, a quick ratio of 8.04 and a debt-to-equity ratio of 0.72. The stock’s 50-day moving average price is $38.66 and its 200-day moving average price is $36.61. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 16.29 and a beta of 0.61.

LTC Properties (NYSE:LTC) last issued its earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $1.41. LTC Properties had a return on equity of 10.95% and a net margin of 44.82%.The firm had revenue of $82.11 million for the quarter, compared to analysts’ expectations of $84.23 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue was up 60.3% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS and its Q1 2026 guidance at 0.660-0.680 EPS. Equities research analysts predict that LTC Properties will post 2.79 EPS for the current fiscal year.

LTC Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.19 per share. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Monday, June 22nd. LTC Properties’s payout ratio is presently 93.44%.

Insiders Place Their Bets

In related news, Director David L. Gruber acquired 7,000 shares of LTC Properties stock in a transaction on Thursday, March 5th. The shares were bought at an average cost of $38.00 per share, with a total value of $266,000.00. Following the completion of the purchase, the director directly owned 36,931 shares of the company’s stock, valued at $1,403,378. The trade was a 23.39% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On LTC Properties

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of 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 buying an additional 288 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of LTC Properties by 3.4% during the fourth quarter. ProShare Advisors LLC now owns 8,874 shares of the real estate investment trust’s stock valued at $305,000 after buying an additional 291 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of LTC Properties by 75.0% during the third quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 300 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in shares of LTC Properties by 5.0% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,028 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 336 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of LTC Properties by 33.8% during the fourth 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 buying an additional 340 shares during the last quarter. 69.25% of the stock is 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.