LTC Properties, Inc. (NYSE:LTC) Receives Average Rating of “Moderate Buy” from Analysts

LTC Properties, Inc. (NYSE:LTC) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $39.60.

A number of brokerages have recently weighed in on LTC. Cantor Fitzgerald set a $36.00 target price on LTC Properties in a report on Monday, January 5th. Royal Bank Of Canada upped their target price on LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a report on Friday, March 20th. Wells Fargo & Company upped their target price on LTC Properties from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, March 26th. Finally, Weiss Ratings upgraded LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, February 27th.

LTC Properties Price Performance

Shares of LTC opened at $39.92 on Friday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 16.36 and a beta of 0.61. LTC Properties has a fifty-two week low of $33.20 and a fifty-two week high of $40.80. The company has a debt-to-equity ratio of 0.72, a current ratio of 8.04 and a quick ratio of 8.04. The business’s 50-day moving average is $38.44 and its 200-day moving average is $36.53.

LTC Properties (NYSE:LTC) last issued its earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $1.41. The company had revenue of $82.11 million for the quarter, compared to the consensus estimate of $84.23 million. LTC Properties had a return on equity of 10.95% and a net margin of 44.82%.The firm’s quarterly revenue was up 60.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 expect that LTC Properties will post 2.79 EPS for the current fiscal year.

LTC Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 22nd will be issued a $0.19 dividend. The ex-dividend date is Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. LTC Properties’s dividend payout ratio is currently 93.44%.

Insider Activity at LTC Properties

In other news, Director David L. Gruber purchased 7,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was acquired at an average price of $38.00 per share, with a total value of $266,000.00. Following the purchase, the director owned 36,931 shares in the company, valued at $1,403,378. This represents a 23.39% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On LTC Properties

Large investors have recently made changes to their positions in the company. Keybank National Association OH bought a new stake in shares of LTC Properties in the 3rd quarter valued at approximately $7,931,000. Versor Investments LP bought a new stake in shares of LTC Properties in the 3rd quarter valued at approximately $995,000. American Century Companies Inc. grew its stake in shares of LTC Properties by 4,205.5% in the 3rd quarter. American Century Companies Inc. now owns 812,235 shares of the real estate investment trust’s stock valued at $29,939,000 after buying an additional 793,370 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of LTC Properties in the 3rd quarter valued at approximately $6,797,000. Finally, Advisors Capital Management LLC grew its stake in shares of LTC Properties by 3.8% in the 3rd quarter. Advisors Capital Management LLC now owns 750,689 shares of the real estate investment trust’s stock valued at $27,670,000 after buying an additional 27,686 shares in the last quarter. Institutional investors own 69.25% of the company’s stock.

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.