LTC Properties (NYSE:LTC) Given "Market Outperform" Rating at JMP Securities

Key Points

• JMP Securities has restated LTC Properties' stock rating as "market outperform" with a price target of $43.00, indicating a potential upside of 24.10% from its previous close.
• A consensus rating of "Moderate Buy" exists for LTC Properties, with various analysts setting price targets ranging from $37.00 to $43.00.
• LTC Properties reported $0.68 earnings per share for the last quarter, exceeding expectations, and had revenue growth of 20.2% compared to the previous year.

LTC Properties (NYSE:LTC - Get Free Report)'s stock had its "market outperform" rating restated by research analysts at JMP Securities in a research report issued on Friday,Benzinga reports. They presently have a $43.00 price objective on the real estate investment trust's stock. JMP Securities' price objective would indicate a potential upside of 24.10% from the company's previous close.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company upped their price target on shares of LTC Properties from $36.00 to $37.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. BMO Capital Markets raised shares of LTC Properties from an "underperform" rating to a "market perform" rating and set a $39.00 price objective for the company in a research note on Wednesday, September 24th. Weiss Ratings reiterated a "hold (c+)" rating on shares of LTC Properties in a research note on Wednesday, October 8th. Cantor Fitzgerald assumed coverage on LTC Properties in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $38.00 target price on the stock. Finally, Wedbush upgraded LTC Properties to a "strong-buy" rating in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, LTC Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.80.

LTC Properties Trading Down 0.1%

NYSE:LTC opened at $34.65 on Friday. LTC Properties has a 12 month low of $31.70 and a 12 month high of $39.89. The company has a current ratio of 9.06, a quick ratio of 9.06 and a debt-to-equity ratio of 0.67. The firm's 50 day moving average is $35.86 and its 200 day moving average is $35.37. The stock has a market capitalization of $1.60 billion, a PE ratio of 19.04 and a beta of 0.68.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LTC. CWM LLC lifted its holdings in shares of LTC Properties by 23.7% in the 3rd quarter. CWM LLC now owns 26,218 shares of the real estate investment trust's stock worth $966,000 after acquiring an additional 5,027 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in LTC Properties by 55.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 984 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 352 shares during the period. Exchange Traded Concepts LLC lifted its stake in LTC Properties by 4.6% in the third quarter. Exchange Traded Concepts LLC now owns 55,154 shares of the real estate investment trust's stock worth $2,033,000 after purchasing an additional 2,437 shares during the last quarter. Corsicana & Co. bought a new stake in LTC Properties in the third quarter worth $74,000. Finally, GAMMA Investing LLC boosted its position in LTC Properties by 10.6% during the third quarter. GAMMA Investing LLC now owns 2,999 shares of the real estate investment trust's stock valued at $111,000 after buying an additional 288 shares during the period. 69.25% of the stock is owned by hedge funds and other institutional investors.

LTC Properties Company Profile

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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