Cantor Fitzgerald Begins Coverage on LTC Properties (NYSE:LTC)

Cantor Fitzgerald initiated coverage on shares of LTC Properties (NYSE:LTC) in a note issued to investors on Wednesday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $38.00 price target on the real estate investment trust’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 4.30% from the company’s previous close.

Several other research analysts also recently commented on the stock. JMP Securities boosted their price objective on shares of LTC Properties from $40.00 to $43.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 6th. Royal Bank Of Canada boosted their price objective on shares of LTC Properties from $36.00 to $37.00 and gave the company a “sector perform” rating in a research report on Friday, August 8th. Wedbush upgraded shares of LTC Properties to a “strong-buy” rating in a research report on Wednesday, July 2nd. BMO Capital Markets upgraded shares of LTC Properties from an “underperform” rating to a “market perform” rating and set a $39.00 price objective for the company in a research report on Wednesday, September 24th. Finally, Wells Fargo & Company boosted their price objective on shares of LTC Properties from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

LTC Properties Trading Down 1.6%

Shares of NYSE:LTC opened at $36.44 on Wednesday. LTC Properties has a 12-month low of $31.70 and a 12-month high of $39.89. The stock has a market cap of $1.68 billion, a PE ratio of 20.02 and a beta of 0.68. The business has a 50 day moving average of $35.87 and a 200-day moving average of $35.40. The company has a quick ratio of 9.06, a current ratio of 9.06 and a debt-to-equity ratio of 0.67.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.01. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. The company had revenue of $30.18 million during the quarter, compared to the consensus estimate of $49.97 million. During the same period in the previous year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. As a group, equities research analysts forecast that LTC Properties will post 2.79 earnings per share for the current year.

Institutional Trading of LTC Properties

Several institutional investors have recently modified their holdings of LTC. GAMMA Investing LLC grew its stake in shares of LTC Properties by 3,445.0% in the first quarter. GAMMA Investing LLC now owns 86,604 shares of the real estate investment trust’s stock worth $3,070,000 after purchasing an additional 84,161 shares during the last quarter. RFG Advisory LLC bought a new stake in shares of LTC Properties in the first quarter worth $291,000. Exchange Traded Concepts LLC boosted its position in LTC Properties by 4.4% during the first quarter. Exchange Traded Concepts LLC now owns 50,552 shares of the real estate investment trust’s stock valued at $1,792,000 after acquiring an additional 2,122 shares during the last quarter. QRG Capital Management Inc. boosted its position in LTC Properties by 15.9% during the first quarter. QRG Capital Management Inc. now owns 8,571 shares of the real estate investment trust’s stock valued at $304,000 after acquiring an additional 1,177 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in LTC Properties during the 1st quarter worth about $200,000. Institutional investors own 69.25% of the company’s stock.

LTC Properties Company Profile

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.