LTC Properties (NYSE:LTC) Research Coverage Started at Huntington

Huntington started coverage on shares of LTC Properties (NYSE:LTC) in a research report report published on Thursday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $47.00 price objective on the real estate investment trust’s stock.

LTC has been the topic of several other research reports. Nomura raised shares of LTC Properties to a “neutral” rating in a report on Friday, August 14th. Wells Fargo & Company lifted their price target on shares of LTC Properties from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Tuesday, September 1st. Royal Bank Of Canada upgraded shares of LTC Properties from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $41.00 to $45.00 in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft raised shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Thursday, August 27th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.43.

LTC Properties Stock Down 0.4%

Shares of LTC opened at $42.32 on Thursday. The company has a quick ratio of 8.60, a current ratio of 8.60 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $40.58 and a two-hundred day moving average price of $39.00. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 15.62 and a beta of 0.58. LTC Properties has a 12 month low of $33.64 and a 12 month high of $43.16.

LTC Properties (NYSE:LTC) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.The company had revenue of $98.08 million for the quarter, compared to analyst estimates of $79.01 million. During the same period in the prior year, the company posted $0.68 EPS. The company’s revenue was up 63.6% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Equities analysts predict that LTC Properties will post 2.78 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 5.4%. LTC Properties’s dividend payout ratio is currently 84.13%.

Insider Activity

In related news, Director David L. Gruber purchased 3,500 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $38.30 per share, with a total value of $134,050.00. Following the completion of the purchase, the director directly owned 47,545 shares of the company’s stock, valued at $1,820,973.50. This trade represents a 7.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy Triche sold 3,125 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $39.54, for a total transaction of $123,562.50. Following the sale, the director directly owned 37,786 shares in the company, valued at $1,494,058.44. This trade represents a 7.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On LTC Properties

Several hedge funds and other institutional investors have recently made changes to their positions in LTC. Royal Bank of Canada lifted its stake in shares of LTC Properties by 37.7% during the first 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 period. AQR Capital Management LLC lifted its position in LTC Properties by 2.8% during 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 purchasing an additional 806 shares during the period. Creative Planning lifted its position in LTC Properties by 40.6% during the 2nd quarter. Creative Planning now owns 11,198 shares of the real estate investment trust’s stock valued at $388,000 after purchasing an additional 3,235 shares during the period. American Century Companies Inc. boosted 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 purchasing an additional 1,294 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted 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 purchasing an additional 4,447 shares during the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.

LTC Properties Company Profile

LTC Properties, Inc is a real estate investment trust (REIT) that invests in healthcare-related real estate, with a primary focus on senior housing and skilled nursing properties. The company owns, finances and leases properties to healthcare operators that provide long-term care and related services.

LTC’s portfolio activities include investments in assisted living communities, independent living facilities, memory care properties and skilled nursing centers. In addition to owning and leasing real estate, the company may provide mortgage loans and other financing to operators and participate in investments through joint ventures.

Founded in 1992 and headquartered in Westlake Village, California, LTC Properties serves the United States market.