LTC Properties (NYSE:LTC) Director David Gruber Acquires 3,500 Shares of Stock

Key Points

• Director David Gruber bought 3,500 LTC Properties shares at an average price of $38.30, investing $134,050 and increasing his direct ownership by 7.95% to 47,545 shares.
• LTC Properties reported quarterly EPS of $0.56, beating the $0.48 consensus estimate, while revenue rose 63.6% year over year to $98.08 million. The company provided fiscal 2026 EPS guidance of $2.76–$2.78.
• The REIT declared a monthly dividend of $0.19 per share, representing an annualized yield of approximately 5.8%. Analysts maintain a consensus “Hold” rating with an average price target of $40.60.

LTC Properties, Inc. (NYSE:LTC - Get Free Report) Director David Gruber acquired 3,500 shares of the company's 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 completion of the acquisition, the director directly owned 47,545 shares in the company, valued at approximately $1,820,973.50. The trade was a 7.95% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

LTC Properties Stock Performance

Shares of NYSE:LTC traded up $0.34 during midday trading on Thursday, reaching $39.03. The company's stock had a trading volume of 368,970 shares, compared to its average volume of 553,903. The company has a quick ratio of 8.60, a current ratio of 8.60 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average of $39.03 and a 200 day moving average of $38.51. LTC Properties, Inc. has a twelve month low of $33.64 and a twelve month high of $43.00. The firm has a market capitalization of $2.10 billion, a PE ratio of 14.40 and a beta of 0.56.

LTC Properties (NYSE:LTC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. The company 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%. The firm's revenue was up 63.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. On average, equities analysts expect that LTC Properties, Inc. will post 2.77 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be issued a dividend of $0.19 per share. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, September 22nd. LTC Properties's dividend payout ratio (DPR) is 84.13%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Cantor Fitzgerald decreased their price target on LTC Properties from $42.00 to $40.00 and set a "neutral" rating for the company in a report on Monday, May 11th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of LTC Properties in a report on Wednesday, August 5th. Citigroup reissued a "market outperform" rating on shares of LTC Properties in a report on Wednesday, June 10th. 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. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $40.60.

Hedge Funds Weigh In On LTC Properties

Large investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. increased its stake 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 purchasing an additional 467 shares in the last quarter. Farther Finance Advisors LLC increased its stake in LTC Properties by 187.5% during the 4th quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust's stock worth $31,000 after buying an additional 587 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of LTC Properties by 33.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 340 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of LTC Properties by 27.7% during the fourth quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 348 shares during the last quarter. Finally, KBC Group NV purchased a new position in shares of LTC Properties in the first quarter valued at approximately $78,000. 69.25% of the stock is currently owned by institutional investors and hedge funds.

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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