LTC Properties (NYSE:LTC) Releases Earnings Results, Beats Expectations By $0.17 EPS

Key Points

• LTC Properties beat expectations, reporting $0.69 EPS versus $0.52 expected and revenue of $94.41M (up 94.7% YoY); the company updated FY 2026 guidance to 2.750–2.790 EPS.
• The board declared a monthly dividend of $0.19 payable June 30, which implies an annualized yield of 5.9% and a payout ratio of 93.44%.
• Shares traded at $38.50 (up 0.8%), the market cap is $1.91B with a P/E of 15.78, a director bought 7,000 shares, and analysts have an average rating of "Moderate Buy" with a $39.60 target.

LTC Properties (NYSE:LTC - Get Free Report) announced its earnings results on Wednesday. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.17, Zacks reports. LTC Properties had a net margin of 44.82% and a return on equity of 10.95%. The company had revenue of $94.41 million during the quarter, compared to analysts' expectations of $72.98 million. During the same quarter in the previous year, the business posted $0.65 earnings per share. LTC Properties's quarterly revenue was up 94.7% on a year-over-year basis. LTC Properties updated its FY 2026 guidance to 2.750-2.790 EPS.

LTC Properties Trading Up 0.8%

Shares of LTC Properties stock traded up $0.30 on Wednesday, hitting $38.50. The stock had a trading volume of 278,628 shares, compared to its average volume of 326,325. The stock has a 50 day moving average of $38.57 and a 200 day moving average of $36.90. LTC Properties has a twelve month low of $33.64 and a twelve month high of $40.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 8.04 and a current ratio of 8.04. The firm has a market capitalization of $1.91 billion, a P/E ratio of 15.78 and a beta of 0.59.

LTC Properties Announces Dividend

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

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Federation des caisses Desjardins du Quebec increased its position in LTC Properties by 27.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 3,626 shares of the real estate investment trust's stock valued at $125,000 after purchasing an additional 772 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of LTC Properties during the 2nd quarter worth approximately $154,000. Caitlin John LLC acquired a new stake in LTC Properties in the 4th quarter valued at $168,000. Tower Research Capital LLC TRC grew its position in LTC Properties by 341.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,946 shares of the real estate investment trust's stock valued at $171,000 after purchasing an additional 3,826 shares during the period. Finally, Virtus Advisers LLC acquired a new stake in LTC Properties in the 4th quarter valued at $179,000. Institutional investors and hedge funds own 69.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LTC. Royal Bank Of Canada upped their price objective on shares of LTC Properties from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research report on Friday, March 20th. Weiss Ratings raised LTC Properties from a "hold (c)" rating to a "buy (b-)" rating in a research note on Friday, February 27th. Finally, Wells Fargo & Company boosted their target price on LTC Properties from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $39.60.

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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