David Boitano Buys 10,000 Shares of LTC Properties (NYSE:LTC) Stock

LTC Properties, Inc. (NYSE:LTC) EVP David Boitano purchased 10,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were acquired at an average price of $34.77 per share, for a total transaction of $347,700.00. Following the acquisition, the executive vice president directly owned 46,160 shares of the company’s stock, valued at $1,604,983.20. This represents a 27.65% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

LTC Properties Stock Down 0.5%

Shares of LTC stock traded down $0.19 on Thursday, reaching $34.87. 493,479 shares of the company’s stock traded hands, compared to its average volume of 418,209. LTC Properties, Inc. has a 12-month low of $33.64 and a 12-month high of $40.80. The company has a debt-to-equity ratio of 0.73, a quick ratio of 9.20 and a current ratio of 9.20. The company has a market capitalization of $1.78 billion, a P/E ratio of 14.12 and a beta of 0.57. The business’s 50 day moving average price is $38.22 and its two-hundred day moving average price is $37.26.

LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The business had revenue of $94.41 million for the quarter, compared to the consensus estimate of $72.98 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. LTC Properties’s revenue for the quarter was up 94.7% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. On average, equities analysts forecast that LTC Properties, Inc. will post 2.77 earnings per share for the current year.

LTC Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be paid a $0.19 dividend. The ex-dividend date is Monday, June 22nd. This represents a c) dividend on an annualized basis and a yield of 6.5%. LTC Properties’s payout ratio is 92.31%.

Institutional Trading of LTC Properties

Large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its stake in shares of LTC Properties by 75.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 300 shares in the last quarter. Optiver Holding B.V. lifted its position in shares of LTC Properties by 153.1% during the 1st quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 467 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of LTC Properties by 187.5% during the 4th quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 587 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of LTC Properties during the 3rd quarter worth about $41,000. Finally, Hantz Financial Services Inc. lifted its position in shares of LTC Properties by 701.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,258 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,101 shares during the last quarter. Institutional investors own 69.25% of the company’s stock.

Analysts Set New Price Targets

LTC has been the topic of a number of recent research reports. Royal Bank Of Canada boosted their target price on LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a research note on Friday, March 20th. Wells Fargo & Company boosted their target price on LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday. Cantor Fitzgerald lowered their target price on LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Finally, Weiss Ratings upgraded LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.60.

About LTC Properties

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.