LTC Properties, Inc. (NYSE:LTC) Given Average Recommendation of “Hold” by Brokerages

LTC Properties, Inc. (NYSE:LTC) has received an average rating of “Hold” from the seven analysts that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $38.60.

Several brokerages recently weighed in on LTC. Cantor Fitzgerald set a $36.00 price objective on shares of LTC Properties in a research report on Monday, January 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $43.00 price objective on shares of LTC Properties in a research note on Friday, October 17th. Weiss Ratings reissued a “hold (c)” rating on shares of LTC Properties in a research report on Monday, December 29th. Royal Bank Of Canada boosted their price target on LTC Properties from $37.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Finally, Wells Fargo & Company upped their price target on LTC Properties from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th.

LTC Properties Price Performance

LTC opened at $36.31 on Tuesday. The stock has a fifty day moving average price of $35.47 and a 200 day moving average price of $35.55. The company has a current ratio of 8.68, a quick ratio of 8.68 and a debt-to-equity ratio of 0.90. LTC Properties has a 1 year low of $31.70 and a 1 year high of $37.95. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 50.43 and a beta of 0.62.

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

LTC Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) dividend on an annualized basis and a yield of 6.3%. LTC Properties’s dividend payout ratio is presently 316.67%.

Insider Activity at LTC Properties

In other news, Director David L. Gruber bought 4,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average cost of $35.41 per share, for a total transaction of $141,640.00. Following the purchase, the director owned 28,738 shares of the company’s stock, valued at $1,017,612.58. This represents a 16.17% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David M. Boitano purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of $34.44 per share, with a total value of $344,400.00. Following the completion of the acquisition, the executive vice president directly owned 25,626 shares of the company’s stock, valued at approximately $882,559.44. This trade represents a 64.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 15,000 shares of company stock worth $521,980. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of LTC Properties

Hedge funds have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System increased its position in LTC Properties by 2.1% in the 2nd quarter. Maryland State Retirement & Pension System now owns 13,498 shares of the real estate investment trust’s stock worth $467,000 after buying an additional 283 shares during the period. GAMMA Investing LLC grew its stake in shares of LTC Properties by 10.6% in the third quarter. GAMMA Investing LLC now owns 2,999 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 288 shares during the last quarter. IFP Advisors Inc increased its position in LTC Properties by 21.2% during the second quarter. IFP Advisors Inc now owns 1,691 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 296 shares during the period. Jones Financial Companies Lllp raised its stake in LTC Properties by 75.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 300 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in 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 during the period. Institutional investors own 69.25% of the company’s stock.

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.