LTC Properties, Inc. (NYSE:LTC) Receives $38.60 Average Target Price from Brokerages

LTC Properties, Inc. (NYSE:LTC) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat reports. Four research 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 twelve-month price objective among brokerages that have issued a report on the stock in the last year is $39.20.

LTC has been the subject of several recent analyst reports. Wells Fargo & Company upped 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 note on Tuesday, November 25th. Weiss Ratings raised LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 27th. Cantor Fitzgerald set a $36.00 price target on LTC Properties in a report on Monday, January 5th. Finally, Royal Bank Of Canada upped their price target on LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a research report on Friday.

Insider Buying and Selling

In related news, EVP David M. Boitano purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average price of $34.44 per share, for a total transaction of $344,400.00. Following the completion of the acquisition, the executive vice president directly owned 25,626 shares in the company, valued at approximately $882,559.44. The trade was a 64.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David L. Gruber acquired 7,000 shares of LTC Properties stock in a transaction on Thursday, March 5th. The shares were bought at an average cost of $38.00 per share, for a total transaction of $266,000.00. Following the completion of the transaction, the director owned 36,931 shares in the company, valued at approximately $1,403,378. This trade represents a 23.39% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LTC Properties

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in shares of LTC Properties by 37.7% during the 1st quarter. Royal Bank of Canada now owns 21,344 shares of the real estate investment trust’s stock valued at $757,000 after purchasing an additional 5,840 shares in the last quarter. AQR Capital Management LLC raised its stake in LTC Properties by 2.8% in the first quarter. AQR Capital Management LLC now owns 29,259 shares of the real estate investment trust’s stock worth $1,037,000 after buying an additional 806 shares in the last quarter. Bank of Montreal Can lifted its holdings in LTC Properties by 7.1% in the second quarter. Bank of Montreal Can now owns 7,461 shares of the real estate investment trust’s stock worth $258,000 after buying an additional 495 shares during the period. Geode Capital Management LLC lifted its holdings in LTC Properties by 2.2% in the second quarter. Geode Capital Management LLC now owns 1,245,676 shares of the real estate investment trust’s stock worth $43,118,000 after buying an additional 26,631 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey boosted its position in LTC Properties by 7.5% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 10,104 shares of the real estate investment trust’s stock valued at $350,000 after acquiring an additional 709 shares in the last quarter. 69.25% of the stock is owned by hedge funds and other institutional investors.

LTC Properties Stock Down 4.7%

Shares of LTC Properties stock opened at $36.59 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 8.04 and a current ratio of 8.04. LTC Properties has a 52-week low of $31.70 and a 52-week high of $40.80. The company’s 50 day moving average price is $37.97 and its 200-day moving average price is $36.33. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 15.00 and a beta of 0.59.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $1.41. The company had revenue of $82.11 million during the quarter, compared to analyst estimates of $84.23 million. LTC Properties had a net margin of 44.82% and a return on equity of 10.95%. The firm’s revenue was up 60.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 EPS. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS and its Q1 2026 guidance at 0.660-0.680 EPS. Equities research analysts forecast that LTC Properties will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 6.2%. LTC Properties’s payout ratio is 93.44%.

LTC Properties Company Profile

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.