LTC Properties (NYSE:LTC) Director David Gruber Buys 3,500 Shares

LTC Properties, Inc. (NYSE:LTC) Director David Gruber acquired 3,500 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $38.30 per share, for a total transaction of $134,050.00. Following the transaction, the director owned 47,545 shares of the company’s stock, valued at approximately $1,820,973.50. The trade was a 7.95% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

LTC Properties Trading Up 0.9%

Shares of LTC Properties stock opened at $39.03 on Friday. The firm has a market cap of $2.10 billion, a PE ratio of 14.40 and a beta of 0.56. LTC Properties, Inc. has a 1 year low of $33.64 and a 1 year high of $43.00. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60. The stock has a fifty day moving average price of $39.03 and a 200-day moving average price of $38.51.

LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. The company had revenue of $98.08 million for the quarter, compared to the consensus estimate of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The firm’s quarterly revenue was up 63.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Equities research analysts anticipate that LTC Properties, Inc. will post 2.77 EPS for the current year.

LTC Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 5.8%. LTC Properties’s dividend payout ratio (DPR) is presently 84.13%.

Institutional Investors Weigh In On LTC Properties

Several institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of LTC Properties in the second quarter valued at $1,194,000. Capital Square LLC purchased a new stake in LTC Properties during the 2nd quarter worth about $1,241,000. Benchmark Investment Advisors LLC purchased a new stake in LTC Properties during the 2nd quarter worth about $345,000. Quantbot Technologies LP bought a new position in LTC Properties in the 2nd quarter worth about $1,128,000. Finally, EP Wealth Advisors LLC purchased a new position in LTC Properties during the 2nd quarter valued at about $206,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.

Wall Street Analyst Weigh In

LTC has been the topic of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of LTC Properties in a research note on Wednesday, August 5th. Citigroup restated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Wells Fargo & Company increased their price target on LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Nomura raised LTC Properties to a “neutral” rating in a report on Friday. Finally, Royal Bank Of Canada upgraded LTC Properties from a “sector perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Friday. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, LTC Properties currently has an average rating of “Moderate Buy” and a consensus target price of $41.40.

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.