LTC Properties, Inc. (NYSE:LTC) Given Average Recommendation of “Moderate Buy” by Analysts

LTC Properties, Inc. (NYSE:LTC) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $39.00.

A number of research analysts have recently issued reports on LTC shares. Weiss Ratings reissued a “hold (c)” rating on shares of LTC Properties in a research note on Monday, December 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $43.00 target price on shares of LTC Properties in a report on Friday, October 17th. Wells Fargo & Company raised their target price on LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Royal Bank Of Canada boosted their target price on shares of LTC Properties from $37.00 to $38.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Finally, BMO Capital Markets upgraded LTC Properties from an “underperform” rating to a “market perform” rating and set a $39.00 price objective on the stock in a research report on Wednesday, September 24th.

LTC Properties Stock Down 0.8%

Shares of NYSE LTC opened at $35.15 on Monday. The firm has a market cap of $1.67 billion, a PE ratio of 48.81 and a beta of 0.62. The company has a 50 day simple moving average of $35.58 and a 200 day simple moving average of $35.51. The company has a debt-to-equity ratio of 0.90, a current ratio of 8.68 and a quick ratio of 8.68. LTC Properties has a 1 year low of $31.70 and a 1 year high of $38.10.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. The company had revenue of $50.05 million for the quarter, compared to analysts’ expectations of $65.94 million. LTC Properties had a net margin of 14.58% and a return on equity of 3.22%. LTC Properties’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. LTC Properties has set its FY 2025 guidance at 2.690-2.710 EPS. On average, research analysts forecast that LTC Properties will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The firm also recently disclosed a dec 25 dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd will be issued a $0.19 dividend. This represents a dividend yield of 615.0%. The ex-dividend date is Tuesday, December 23rd. LTC Properties’s payout ratio is presently 316.67%.

Insider Transactions at LTC Properties

In related news, Director David L. Gruber acquired 1,000 shares of LTC Properties stock in a transaction dated Friday, November 7th. The shares were purchased at an average cost of $35.94 per share, with a total value of $35,940.00. Following the completion of the purchase, the director owned 29,834 shares of the company’s stock, valued at $1,072,233.96. This represents a 3.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LTC Properties

Several institutional investors and hedge funds have recently bought and sold shares of LTC. Jones Financial Companies Lllp lifted its stake in LTC Properties by 75.0% in the third quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 300 shares during the period. Harbor Capital Advisors Inc. raised its holdings in LTC Properties by 55.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 984 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 352 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of LTC Properties in the 2nd quarter worth about $41,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of LTC Properties in the 3rd quarter worth about $41,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of LTC Properties by 701.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,258 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,101 shares in the last quarter. 69.25% of the stock is currently owned by institutional investors.

About LTC Properties

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.