Short Interest in LTC Properties, Inc. (NYSE:LTC) Declines By 17.6%

LTC Properties, Inc. (NYSE:LTC) saw a large decrease in short interest in April. As of April 15th, there was short interest totaling 2,209,738 shares, a decrease of 17.6% from the March 31st total of 2,682,679 shares. Based on an average daily volume of 298,638 shares, the short-interest ratio is presently 7.4 days. Approximately 4.6% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company increased their price target on LTC Properties from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Thursday, March 26th. Weiss Ratings raised LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Royal Bank Of Canada increased their price target on LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a research report on Friday, March 20th. Finally, Cantor Fitzgerald set a $36.00 price target on LTC Properties in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.60.

LTC Properties Stock Performance

Shares of NYSE LTC traded up $0.25 during mid-day trading on Friday, hitting $38.47. The company had a trading volume of 287,979 shares, compared to its average volume of 312,358. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 15.77 and a beta of 0.59. LTC Properties has a 1 year low of $33.64 and a 1 year 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 $38.60 and its 200-day moving average price is $36.81.

LTC Properties (NYSE:LTC) last posted its earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 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 business had revenue of $82.11 million during the quarter, compared to analysts’ expectations of $84.23 million. During the same period in the previous year, the business earned $0.72 earnings per share. The firm’s revenue was up 60.3% on a year-over-year basis. 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. On average, sell-side analysts forecast that LTC Properties will post 2.8 earnings per share for the current year.

LTC Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be issued a $0.19 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Monday, June 22nd. LTC Properties’s dividend payout ratio is presently 93.44%.

Insider Transactions at LTC Properties

In other news, Director David L. Gruber purchased 7,000 shares of the business’s stock in a transaction on Thursday, March 5th. The shares were acquired at an average price of $38.00 per share, for a total transaction of $266,000.00. Following the completion of the acquisition, the director owned 36,931 shares in the company, valued at approximately $1,403,378. The trade was a 23.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On LTC Properties

A number of hedge funds and other institutional investors have recently modified their holdings of LTC. Royal Bank of Canada lifted its stake in shares of LTC Properties by 37.7% in the 1st quarter. Royal Bank of Canada now owns 21,344 shares of the real estate investment trust’s stock valued at $757,000 after acquiring an additional 5,840 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of LTC Properties by 2.8% in the 1st quarter. AQR Capital Management LLC now owns 29,259 shares of the real estate investment trust’s stock valued at $1,037,000 after acquiring an additional 806 shares during the last quarter. Creative Planning lifted its stake in shares of LTC Properties by 40.6% in the 2nd quarter. Creative Planning now owns 11,198 shares of the real estate investment trust’s stock valued at $388,000 after acquiring an additional 3,235 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of LTC Properties by 7.4% in the 2nd quarter. American Century Companies Inc. now owns 18,865 shares of the real estate investment trust’s stock valued at $653,000 after acquiring an additional 1,294 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of LTC Properties by 61.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,667 shares of the real estate investment trust’s stock valued at $404,000 after acquiring an additional 4,447 shares during the last quarter. 69.25% of the stock is currently owned by hedge funds and other 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.