LTC Properties (NYSE:LTC) Director Timothy Triche Sells 3,125 Shares of Stock

LTC Properties, Inc. (NYSE:LTC) Director Timothy Triche sold 3,125 shares of the business’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $39.54, for a total transaction of $123,562.50. Following the transaction, the director directly owned 37,786 shares of the company’s stock, valued at $1,494,058.44. The trade was a 7.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

LTC Properties Price Performance

Shares of NYSE:LTC opened at $40.09 on Wednesday. The firm’s 50 day moving average is $37.88 and its two-hundred day moving average is $37.76. LTC Properties, Inc. has a 52 week low of $33.64 and a 52 week high of $40.80. The firm has a market capitalization of $2.05 billion, a P/E ratio of 16.23 and a beta of 0.57. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $72.98 million. During the same period in the previous year, the firm posted $0.65 earnings per share. The business’s revenue was up 94.7% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Analysts anticipate that LTC Properties, Inc. will post 2.77 earnings per share for the current year.

LTC Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 5.7%. LTC Properties’s payout ratio is presently 92.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company raised their price target on LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Citigroup reaffirmed a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Weiss Ratings upgraded shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Royal Bank Of Canada raised their target price on shares of LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a research note on Friday, March 20th. Finally, Cantor Fitzgerald dropped their price target on shares of LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, LTC Properties presently has a consensus rating of “Hold” and a consensus target price of $40.60.

Hedge Funds Weigh In On LTC Properties

Several hedge funds have recently modified their holdings of the company. Eversept Partners LP bought a new position in shares of LTC Properties during the 1st quarter valued at about $11,930,000. Goldman Sachs Group Inc. raised its holdings in shares of LTC Properties by 177.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 323,798 shares of the real estate investment trust’s stock worth $11,132,000 after purchasing an additional 207,043 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in LTC Properties during the fourth quarter valued at approximately $6,556,000. Millennium Management LLC lifted its stake in LTC Properties by 74.1% during the third quarter. Millennium Management LLC now owns 442,930 shares of the real estate investment trust’s stock valued at $16,326,000 after purchasing an additional 188,447 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in LTC Properties by 47.4% during the third quarter. Two Sigma Investments LP now owns 483,004 shares of the real estate investment trust’s stock valued at $17,804,000 after purchasing an additional 155,226 shares during the last quarter. 69.25% of the stock is currently owned by institutional investors and hedge funds.

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.