Brokerages Set LTC Properties, Inc. (NYSE:LTC) Price Target at $40.60

Shares of LTC Properties, Inc. (NYSE:LTC) have earned an average rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $40.60.

A number of research analysts recently weighed in on LTC shares. Citigroup reissued a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Cantor Fitzgerald cut their price target on LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Weiss Ratings raised shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Finally, Wells Fargo & Company upped their price objective on shares of LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, June 1st.

LTC Properties Stock Down 1.0%

Shares of LTC stock opened at $41.82 on Tuesday. LTC Properties has a 52-week low of $33.64 and a 52-week high of $43.00. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 16.93 and a beta of 0.57. The firm’s 50-day moving average is $38.33 and its 200-day moving average is $38.12. The company has a debt-to-equity ratio of 0.73, a quick ratio of 9.20 and a current ratio of 9.20.

LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.17. The firm had revenue of $94.41 million for the quarter, compared to the consensus estimate of $72.98 million. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The business’s revenue was up 94.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 earnings per share. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Sell-side analysts predict that LTC Properties will post 2.8 EPS for the current year.

LTC Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be paid a $0.19 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 5.5%. LTC Properties’s dividend payout ratio is 92.31%.

Insider Buying and Selling at LTC Properties

In related news, Director David L. Gruber acquired 4,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average cost of $38.41 per share, for a total transaction of $153,640.00. Following the completion of the transaction, the director directly owned 44,045 shares of the company’s stock, valued at approximately $1,691,768.45. The trade was a 9.99% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David M. Boitano bought 10,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was purchased at an average cost of $34.77 per share, for a total transaction of $347,700.00. Following the transaction, the executive vice president directly owned 46,160 shares of the company’s stock, valued at $1,604,983.20. The trade was a 27.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 2.20% of the company’s stock.

Institutional Trading of LTC Properties

A number of institutional investors have recently bought and sold shares of LTC. Optiver Holding B.V. lifted its position in shares of LTC Properties by 153.1% during the 1st quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 467 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of LTC Properties by 187.5% in the 4th quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 587 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of LTC Properties by 33.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 340 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of LTC Properties by 27.7% during the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 348 shares during the last quarter. Finally, KBC Group NV bought a new stake in shares of LTC Properties during the 1st quarter valued at approximately $78,000. 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.