LTC Properties, Inc. (NYSE:LTC) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• LTC Properties carries a “Moderate Buy” consensus from nine brokerages, with six buy ratings, three holds, and an average 12-month price target of $46.50.
• The healthcare REIT reported quarterly EPS of $0.56, exceeding the $0.48 consensus estimate, while revenue rose 63.6% year over year to $98.08 million.
• LTC declared a monthly dividend of $0.19 per share, equivalent to $2.28 annually and a 5.3% yield, while shifting its portfolio through nearly $160 million of senior-housing acquisitions and approximately $260 million of triple-net property divestitures.

LTC Properties, Inc. (NYSE:LTC - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $46.50.

A number of brokerages have recently weighed in on LTC. Weiss Ratings cut shares of LTC Properties from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday, September 24th. Wells Fargo & Company upped their price objective on shares of LTC Properties from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 1st. Citigroup reaffirmed a "market outperform" rating on shares of LTC Properties in a research note on Wednesday, June 10th. Nomura upgraded LTC Properties to a "neutral" rating in a report on Friday, August 14th. Finally, Huntington initiated coverage on LTC Properties in a research note on Thursday, September 10th. They issued an "outperform" rating and a $47.00 target price for the company.

LTC Properties Stock Performance

Shares of LTC stock opened at $42.94 on Friday. The stock has a market cap of $2.31 billion, a PE ratio of 15.85 and a beta of 0.55. The stock has a 50-day moving average of $41.27 and a 200-day moving average of $39.40. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60. LTC Properties has a one year low of $33.64 and a one year high of $43.60.

LTC Properties (NYSE:LTC - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. The business had revenue of $98.08 million for the quarter, compared to analyst estimates of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. LTC Properties's quarterly revenue was up 63.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, sell-side analysts expect that LTC Properties will post 2.78 earnings per share for the current year.

LTC Properties Dividend Announcement

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

Insider Activity at LTC Properties

In related news, Director Timothy Triche sold 3,125 shares of the business's stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $39.54, for a total value of $123,562.50. Following the completion of the transaction, the director directly owned 37,786 shares in the company, valued at approximately $1,494,058.44. The trade was a 7.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Gruber bought 3,500 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $38.30 per share, with a total value of $134,050.00. Following the completion of the purchase, the director owned 47,545 shares in the company, valued at $1,820,973.50. This represents a 7.95% increase in their position. The SEC filing for this purchase provides additional information. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Optiver Holding B.V. raised its holdings in shares of LTC Properties by 153.1% during the first quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 467 shares during the period. Nykredit A S acquired a new position in LTC Properties in the 2nd quarter worth $46,000. Markowski Investments acquired a new position in LTC Properties in the 2nd quarter worth $49,000. Integrated Wealth Concepts LLC bought a new position in LTC Properties during the 2nd quarter worth about $72,000. Finally, KBC Group NV bought a new position in LTC Properties during the 1st quarter worth about $78,000. Institutional investors and hedge funds own 69.25% of the company's stock.

Key Stories Impacting LTC Properties

Here are the key news stories impacting LTC Properties this week:

• Positive Sentiment: Royal Bank of Canada raised its price target for LTC Properties to $52 from $45 and upgraded the shares to “outperform.” The new target implies approximately 21% upside from the referenced price, signaling improved analyst confidence in LTC’s outlook. TickerReport analyst price target article
• Positive Sentiment: LTC Properties announced nearly $160 million of acquisitions involving three senior housing communities. The purchases expand its Senior Housing Operating Portfolio, or SHOP, platform and increase exposure to operating senior housing assets, which may provide additional growth potential. LTC accelerates SHOP growth article
• Positive Sentiment: The company declared its monthly common-stock dividend at $0.19 per share for each month of the fourth quarter. The $2.28 annualized payout equates to a dividend yield of about 5.3%, reinforcing LTC’s appeal to income-focused investors. LTC fourth-quarter dividend announcement
• Neutral Sentiment: To fund the portfolio shift, LTC is divesting two non-SHOP triple-net property portfolios valued at approximately $260 million. The transaction sharpens the company’s strategic focus but also increases reliance on the performance and execution of its SHOP operations. LTC senior housing acquisitions and divestitures article

LTC Properties Company Profile

LTC Properties, Inc NYSE: LTC is a real estate investment trust that invests in healthcare-related properties. The company focuses primarily on senior housing and healthcare real estate, including assisted living, memory care, independent living and skilled nursing facilities.

LTC supports its portfolio through a range of investment structures, including property acquisitions, long-term leases, mortgage loans, mezzanine financing, preferred equity investments and joint ventures. Its properties are generally operated by third-party healthcare providers under lease or other investment arrangements.

Founded in 1992, LTC Properties serves markets across the United States.

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