LTC Properties, Inc. (NYSE:LTC) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• LTC Properties, Inc. has received an average recommendation of "Moderate Buy" from analysts, with five holding, one buying, and two strongly buying the stock.
• The company recently reported $0.68 earnings per share for the last quarter, surpassing analyst expectations, along with a revenue of $30.18 million.
• LTC Properties announced a dividend of $0.19 per share, set to be paid on December 31, representing a yield of 615.0% with a dividend payout ratio of 125.27%.

Shares of LTC Properties, Inc. (NYSE:LTC - Get Free Report) have been given an average rating of "Moderate Buy" by the eight brokerages that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $38.80.

A number of research firms recently weighed in on LTC. Royal Bank Of Canada boosted their price target on shares of LTC Properties from $36.00 to $37.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. BMO Capital Markets upgraded shares of LTC Properties from an "underperform" rating to a "market perform" rating and set a $39.00 target price on the stock in a report on Wednesday, September 24th. Wells Fargo & Company boosted their target price on shares of LTC Properties from $36.00 to $37.00 and gave the company an "equal weight" rating in a report on Wednesday, August 27th. Wedbush upgraded shares of LTC Properties to a "strong-buy" rating in a report on Wednesday, July 2nd. Finally, Cantor Fitzgerald began coverage on shares of LTC Properties in a report on Wednesday, October 1st. They issued a "neutral" rating and a $38.00 target price on the stock.

LTC Properties Stock Performance

LTC opened at $35.20 on Friday. The firm has a market capitalization of $1.62 billion, a PE ratio of 19.34 and a beta of 0.68. LTC Properties has a twelve month low of $31.70 and a twelve month high of $39.89. The firm's 50-day moving average price is $35.85 and its 200 day moving average price is $35.37. The company has a current ratio of 9.06, a quick ratio of 9.06 and a debt-to-equity ratio of 0.67.

LTC Properties (NYSE:LTC - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.01. The firm had revenue of $30.18 million for the quarter, compared to analyst estimates of $49.97 million. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. LTC Properties's quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. As a group, sell-side analysts expect that LTC Properties will post 2.79 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The firm also recently announced a dec 25 dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd will be paid a dividend of $0.19 per share. This represents a yield of 615.0%. The ex-dividend date of this dividend is Tuesday, December 23rd. LTC Properties's dividend payout ratio is presently 125.27%.

Institutional Investors Weigh In On LTC Properties

Several institutional investors have recently modified their holdings of the company. QRG Capital Management Inc. grew its stake in shares of LTC Properties by 15.9% during the first quarter. QRG Capital Management Inc. now owns 8,571 shares of the real estate investment trust's stock worth $304,000 after purchasing an additional 1,177 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of LTC Properties in the 1st quarter valued at $200,000. Asset Management One Co. Ltd. grew its position in shares of LTC Properties by 7.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 124,312 shares of the real estate investment trust's stock valued at $4,407,000 after buying an additional 8,651 shares during the last quarter. Keudell Morrison Wealth Management grew its position in shares of LTC Properties by 0.9% in the 1st quarter. Keudell Morrison Wealth Management now owns 36,693 shares of the real estate investment trust's stock valued at $1,301,000 after buying an additional 328 shares during the last quarter. Finally, Aurora Private Wealth Inc. purchased a new position in shares of LTC Properties in the 1st quarter valued at $1,022,000. 69.25% of the stock is owned by hedge funds and other institutional investors.

About LTC Properties

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.

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