LTC Properties, Inc. (NYSE:LTC) Stock Has Average Target Price of $47.40

Key Points

• Analyst sentiment is moderately bullish: Eight analysts rate LTC Properties a “Moderate Buy,” with five buy ratings and three holds. The average 12-month price target is $47.40, including targets as high as $55.
• Recent financial results exceeded expectations: LTC reported quarterly EPS of $0.56 versus the $0.48 consensus estimate, while revenue rose 63.6% year over year to $98.08 million. Analysts expect full-year EPS of approximately $2.77.
• The REIT offers a substantial income yield: LTC declared a monthly dividend of $0.19 per share, equivalent to $2.28 annually and a 5.3% yield, though its payout ratio is relatively high at 84.13%.

Shares of LTC Properties, Inc. (NYSE:LTC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $47.40.

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of LTC Properties from $45.00 to $52.00 and gave the company an "outperform" rating in a research note on Friday, October 2nd. Huntington initiated coverage on shares of LTC Properties in a research note on Thursday, September 10th. They issued an "outperform" rating and a $47.00 price target on the stock. Wells Fargo & Company increased their price objective on LTC Properties from $42.00 to $43.00 and gave the stock an "equal weight" rating in a report on Monday, October 19th. Weiss Ratings cut LTC Properties from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday, September 24th. Finally, Deutsche Bank Aktiengesellschaft raised LTC Properties from a "hold" rating to a "buy" rating and set a $55.00 price objective for the company in a research report on Thursday, August 27th.

LTC Properties Price Performance

NYSE LTC opened at $42.74 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 15.77 and a beta of 0.55. The company has a 50 day simple moving average of $42.32 and a 200-day simple moving average of $39.39. LTC Properties has a 52-week low of $33.64 and a 52-week high of $44.63.

LTC Properties (NYSE:LTC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.08. The firm had revenue of $98.08 million for the quarter, compared to the consensus estimate of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The firm's revenue was up 63.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Equities research analysts predict that LTC Properties will post 2.77 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 23rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, December 23rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.3%. LTC Properties's dividend payout ratio (DPR) is 84.13%.

Insider Buying and Selling at LTC Properties

In other news, Director David Gruber purchased 3,500 shares of LTC Properties stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $38.30 per share, for a total transaction of $134,050.00. Following the acquisition, the director directly owned 47,545 shares in the company, valued at $1,820,973.50. This represents a 7.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On LTC Properties

Large investors have recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in LTC Properties during the second quarter worth $1,425,000. Bank of America Corp DE bought a new position in LTC Properties during the second quarter valued at about $6,581,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of LTC Properties in the second quarter worth about $1,194,000. Legal & General Group Plc acquired a new stake in shares of LTC Properties in the second quarter worth about $11,300,000. Finally, Wellington Management Group LLP lifted its position in shares of LTC Properties by 21.1% in the second quarter. Wellington Management Group LLP now owns 728,696 shares of the real estate investment trust's stock worth $28,018,000 after buying an additional 126,884 shares during the last quarter. Institutional investors own 69.25% of the company's stock.

About LTC Properties

LTC Properties, Inc is a real estate investment trust (REIT) that invests in healthcare-related real estate. The company focuses primarily on properties serving older adults, including skilled nursing facilities, assisted living communities, memory care facilities and independent living properties.

LTC Properties generally generates revenue through long-term leases, mortgage loans and other investments involving healthcare operators and property owners. Its investment activities may include property acquisitions, sale-leaseback transactions, joint ventures and financing arrangements.

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