LTC Properties (NYSE:LTC) Coverage Initiated by Analysts at Cantor Fitzgerald

Key Points

• LTC Properties has been upgraded to a "hold" rating by Cantor Fitzgerald in a recent research note.
• Analysts have varied opinions on the stock, with two giving it a Strong Buy rating, while four suggest a Hold, leading to a consensus target price of $38.80.
• The company reported a 20.2% increase in revenue year-over-year for the last quarter, although it missed analysts' expectations with revenue of $30.18 million.

Analysts at Cantor Fitzgerald began coverage on shares of LTC Properties (NYSE:LTC - Get Free Report) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage set a "neutral" rating and a $38.00 price target on the real estate investment trust's stock. Cantor Fitzgerald's price target suggests a potential upside of 2.51% from the company's previous close.

A number of other research firms have also weighed in on LTC. Wells Fargo & Company upped their target price on LTC Properties from $36.00 to $37.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Royal Bank Of Canada upped their target price on LTC Properties from $36.00 to $37.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. Wedbush upgraded LTC Properties to a "strong-buy" rating in a report on Wednesday, July 2nd. JMP Securities upped their target price on LTC Properties from $40.00 to $43.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. Finally, BMO Capital Markets upgraded LTC Properties from an "underperform" rating to a "market perform" rating and set a $39.00 target price for the company in a report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.80.

LTC Properties Stock Up 0.6%

Shares of NYSE:LTC opened at $37.07 on Wednesday. LTC Properties has a 52-week low of $31.70 and a 52-week high of $39.89. The stock has a market cap of $1.71 billion, a P/E ratio of 20.37 and a beta of 0.68. The business's 50 day moving average is $35.85 and its 200 day moving average is $35.40. The company has a quick ratio of 9.06, a current ratio of 9.06 and a debt-to-equity ratio of 0.67.

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 (EPS) for the quarter, topping 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 company had revenue of $30.18 million for the quarter, compared to analysts' expectations of $49.97 million. During the same quarter in the prior year, the firm 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 predict that LTC Properties will post 2.79 EPS for the current year.

Institutional Trading of LTC Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of LTC Properties by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,000,767 shares of the real estate investment trust's stock valued at $248,177,000 after purchasing an additional 39,833 shares during the last quarter. State Street Corp increased its position in shares of LTC Properties by 2.0% in the 2nd quarter. State Street Corp now owns 3,163,763 shares of the real estate investment trust's stock valued at $109,498,000 after acquiring an additional 61,678 shares during the period. Geode Capital Management LLC increased its position in shares of LTC Properties by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,245,676 shares of the real estate investment trust's stock valued at $43,118,000 after acquiring an additional 26,631 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of LTC Properties by 15.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 949,322 shares of the real estate investment trust's stock valued at $33,653,000 after acquiring an additional 126,598 shares during the period. Finally, Advisors Capital Management LLC increased its position in shares of LTC Properties by 51.9% in the 2nd quarter. Advisors Capital Management LLC now owns 723,003 shares of the real estate investment trust's stock valued at $25,023,000 after acquiring an additional 246,919 shares during the period. Hedge funds and other institutional investors own 69.25% of the company's stock.

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.