LTC Properties, Inc. (NYSE:LTC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

LTC Properties, Inc. (NYSE:LTC) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, two have given 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 ratings on the stock in the last year is $40.40.

Several equities research analysts have commented on LTC shares. Royal Bank Of Canada upped their price objective on shares of LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a report on Friday, March 20th. Wells Fargo & Company upped their price objective on shares of LTC Properties from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, March 26th. Weiss Ratings raised shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Finally, Cantor Fitzgerald dropped their price objective on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 11th.

LTC Properties Stock Performance

NYSE LTC opened at $37.43 on Monday. LTC Properties has a 52-week low of $33.64 and a 52-week high of $40.80. The company has a 50-day simple moving average of $38.36 and a 200 day simple moving average of $37.27. 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 $1.92 billion, a PE ratio of 15.15 and a beta of 0.57.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.17. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The business had revenue of $94.41 million during the quarter, compared to the consensus estimate of $72.98 million. During the same quarter last year, the company posted $0.65 earnings per share. The firm’s quarterly revenue 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, research analysts predict that LTC Properties will post 2.77 EPS for the current year.

LTC Properties Dividend Announcement

The company also recently declared 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 6.1%. The ex-dividend date of this dividend is Monday, June 22nd. LTC Properties’s dividend payout ratio is presently 92.31%.

Insider Activity

In related news, Director David L. Gruber bought 4,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of $38.41 per share, with a total value of $153,640.00. Following the completion of the purchase, the director directly owned 44,045 shares of the company’s stock, valued at $1,691,768.45. This trade represents a 9.99% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LTC. American Century Companies Inc. grew its holdings in shares of LTC Properties by 4,205.5% in the third quarter. American Century Companies Inc. now owns 812,235 shares of the real estate investment trust’s stock worth $29,939,000 after purchasing an additional 793,370 shares during the last quarter. Eversept Partners LP bought a new stake in LTC Properties in the 1st quarter worth about $11,930,000. Keybank National Association OH bought a new stake in LTC Properties in the 3rd quarter worth about $7,931,000. Goldman Sachs Group Inc. grew its stake in shares of LTC Properties by 177.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 323,798 shares of the real estate investment trust’s stock valued at $11,132,000 after purchasing an additional 207,043 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of LTC Properties during the 4th quarter valued at about $6,556,000. 69.25% of the stock is currently owned by institutional investors.

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.