LTC Properties (NYSE:LTC) Given New $39.00 Price Target at Wells Fargo & Company

LTC Properties (NYSE:LTC) had its price objective lifted by Wells Fargo & Company from $37.00 to $39.00 in a research report sent to investors on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the real estate investment trust’s stock.

LTC has been the topic of a number of other reports. Cantor Fitzgerald set a $36.00 price target on LTC Properties in a research note on Monday, January 5th. Weiss Ratings raised LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, February 27th. Finally, Royal Bank Of Canada raised their price objective on LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, LTC Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.60.

LTC Properties Stock Down 0.4%

LTC opened at $37.10 on Thursday. LTC Properties has a twelve month low of $31.70 and a twelve month high of $40.80. The company has a quick ratio of 8.04, a current ratio of 8.04 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $38.06 and a 200 day moving average price of $36.35. The company has a market cap of $1.80 billion, a PE ratio of 15.21 and a beta of 0.59.

LTC Properties (NYSE:LTC) last issued its quarterly 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. LTC Properties had a net margin of 44.82% and a return on equity of 10.95%. The firm had revenue of $82.11 million for the quarter, compared to analyst estimates of $84.23 million. During the same period last year, the company posted $0.72 EPS. LTC Properties’s quarterly revenue was up 60.3% compared to the same quarter last year. 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. Sell-side analysts expect that LTC Properties will post 2.79 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid a $0.19 dividend. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, March 23rd. LTC Properties’s dividend payout ratio is 93.44%.

Insider Buying and Selling at LTC Properties

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

Institutional Investors Weigh In On LTC Properties

A number of institutional investors and hedge funds have recently made changes to their positions in LTC. Jones Financial Companies Lllp boosted its position in shares of 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 worth $26,000 after purchasing an additional 300 shares during the period. Farther Finance Advisors LLC increased its holdings in 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 during the last quarter. Harbor Capital Advisors Inc. raised its position in LTC Properties by 55.7% in the third quarter. Harbor Capital Advisors Inc. now owns 984 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 352 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in LTC Properties during the second quarter worth $41,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in LTC Properties during the third quarter worth $41,000. 69.25% of the stock is owned by hedge funds and other institutional investors.

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.