LTC Properties, Inc. (NYSE:LTC) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• LTC Properties has a “Moderate Buy” consensus rating from eight analysts, with four buy ratings and four hold ratings. The average 12-month price target is $41.40, while RBC upgraded the stock to outperform with a $45 target.
• The healthcare REIT reported quarterly EPS of $0.56, beating estimates by $0.08, while revenue rose 63.6% year over year to $98.08 million. Shares opened at $40.28 and recently traded up 3.4%.
• LTC Properties declared a monthly dividend of $0.19 per share, representing an annualized yield of approximately 5.7%. Institutional investors own 69.25% of the stock, and insiders have bought 18,000 shares over the past 90 days.

Shares of LTC Properties, Inc. (NYSE:LTC - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eight research firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $41.40.

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada upgraded LTC Properties from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $41.00 to $45.00 in a report on Friday. Nomura raised shares of LTC Properties to a "neutral" rating in a report on Friday. Cantor Fitzgerald reduced their target price on shares of LTC Properties from $42.00 to $40.00 and set a "neutral" rating for the company in a research note on Monday, May 11th. Weiss Ratings reiterated a "buy (b)" rating on shares of LTC Properties in a report on Wednesday, August 5th. Finally, Wells Fargo & Company raised their price target on shares of LTC Properties from $39.00 to $40.00 and gave the company an "equal weight" rating in a research report on Monday, June 1st.

LTC Properties Trading Up 3.4%

NYSE:LTC opened at $40.28 on Friday. 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 $43.00. The company has a market cap of $2.17 billion, a PE ratio of 14.86 and a beta of 0.56. The firm has a 50-day moving average of $39.11 and a 200-day moving average of $38.53.

LTC Properties (NYSE:LTC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. The business had revenue of $98.08 million for the quarter, compared to analysts' expectations 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 for the quarter 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, equities research analysts expect that LTC Properties will post 2.77 EPS for the current fiscal year.

LTC Properties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be paid a $0.19 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 5.7%. LTC Properties's dividend payout ratio (DPR) is 84.13%.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, Director David L. Gruber bought 3,500 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $38.30 per share, for a total transaction of $134,050.00. Following the purchase, the director directly owned 47,545 shares of the company's stock, valued at approximately $1,820,973.50. This represents a 7.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy Triche sold 3,125 shares of the company's stock in a transaction that occurred on Monday, July 13th. The shares were 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 of the company's stock, valued at approximately $1,494,058.44. This represents a 7.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders bought 18,000 shares of company stock worth $654,540. Insiders own 2.20% of the company's stock.

Institutional Trading of LTC Properties

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new position in LTC Properties in the 2nd quarter valued at $345,915,000. Vanguard Group Inc. raised its stake in shares of LTC Properties by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust's stock worth $248,843,000 after purchasing an additional 125,889 shares during the period. State Street Corp raised its stake in shares of LTC Properties by 2.0% during the 2nd quarter. State Street Corp now owns 3,163,763 shares of the real estate investment trust's stock worth $109,498,000 after purchasing an additional 61,678 shares during the period. Geode Capital Management LLC boosted its holdings in shares of LTC Properties by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,266,992 shares of the real estate investment trust's stock worth $43,566,000 after buying an additional 12,547 shares during the last quarter. Finally, Advisors Capital Management LLC purchased a new position in shares of LTC Properties in the 2nd quarter worth about $31,148,000. 69.25% of the stock is currently owned by 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.

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