LTC Properties, Inc. (NYSE:LTC) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts have given LTC Properties an average rating of "Moderate Buy" from seven firms (four holds, two buys, one strong buy) with a 1‑year average price target of $39.60.
• LTC reported $0.69 EPS vs. $0.52 expected and $94.41M revenue (vs. $72.98M est.) for the quarter, and set FY2026 guidance of 2.750–2.790 EPS (sell‑side ~2.8).
• Director David L. Gruber purchased 7,000 shares at $38, boosting his stake ~23%, and the company declared a monthly dividend of $0.19, implying about a 5.9% yield.

LTC Properties, Inc. (NYSE:LTC - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven ratings firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $39.60.

A number of research firms recently weighed in on LTC. Royal Bank Of Canada upped their price target on LTC Properties from $38.00 to $41.00 and gave the stock a "sector perform" rating in a report on Friday, March 20th. Wells Fargo & Company upped their price target on LTC Properties from $37.00 to $39.00 and gave the stock an "equal weight" rating in a report on Thursday, March 26th. Finally, Weiss Ratings raised LTC Properties from a "hold (c)" rating to a "buy (b-)" rating in a report on Friday, February 27th.

Insider Activity at LTC Properties

In other news, Director David L. Gruber bought 7,000 shares of LTC Properties stock in a transaction on Thursday, March 5th. The stock was acquired at an average price of $38.00 per share, with a total value of $266,000.00. Following the completion of the acquisition, the director directly owned 36,931 shares of the company's stock, valued at $1,403,378. The trade was a 23.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by insiders.

Hedge Funds Weigh In On LTC Properties

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of LTC Properties by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust's stock valued at $248,843,000 after acquiring an additional 125,889 shares during the last quarter. State Street Corp raised its holdings in shares of LTC Properties by 2.0% during the second quarter. State Street Corp now owns 3,163,763 shares of the real estate investment trust's stock valued at $109,498,000 after acquiring an additional 61,678 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of LTC Properties by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,266,992 shares of the real estate investment trust's stock valued at $43,566,000 after acquiring an additional 12,547 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of LTC Properties by 4,205.5% during the third quarter. American Century Companies Inc. now owns 812,235 shares of the real estate investment trust's stock valued at $29,939,000 after acquiring an additional 793,370 shares during the last quarter. Finally, Advisors Capital Management LLC raised its holdings in shares of LTC Properties by 1.7% during the fourth quarter. Advisors Capital Management LLC now owns 763,536 shares of the real estate investment trust's stock valued at $26,250,000 after acquiring an additional 12,847 shares during the last quarter. Institutional investors and hedge funds own 69.25% of the company's stock.

LTC Properties Stock Performance

NYSE LTC opened at $38.50 on Thursday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 15.78 and a beta of 0.59. LTC Properties has a twelve month low of $33.64 and a twelve month high of $40.80. The company has a current ratio of 8.04, a quick ratio of 8.04 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average of $38.57 and a 200 day moving average of $36.90.

LTC Properties (NYSE:LTC - Get Free Report) last released 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 company had revenue of $94.41 million during the quarter, compared to analysts' expectations of $72.98 million. LTC Properties had a return on equity of 10.95% and a net margin of 44.82%.LTC Properties's quarterly revenue was up 94.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Sell-side analysts anticipate that LTC Properties will post 2.8 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 22nd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. LTC Properties's dividend payout ratio is presently 93.44%.

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.

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