LTC Properties (NYSE:LTC) Reaches New 1-Year High - Time to Buy?

Key Points

• LTC Properties reached a new 52-week high, trading as high as $43.16, while analysts maintain a “Moderate Buy” consensus with an average price target of $44.43.
• The healthcare REIT reported quarterly EPS of $0.56, beating the $0.48 estimate, while revenue rose 63.6% year over year to $98.08 million.
• LTC declared a monthly dividend of $0.19 per share, representing an annualized yield of approximately 5.3%; its payout ratio is 84.13%.

Shares of LTC Properties, Inc. (NYSE:LTC - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $43.16 and last traded at $42.87, with a volume of 29225 shares traded. The stock had previously closed at $42.55.

Analysts Set New Price Targets

Several equities analysts have commented on LTC shares. Nomura upgraded shares of LTC Properties to a "neutral" rating in a report on Friday, August 14th. Citigroup reaffirmed a "market outperform" rating on shares of LTC Properties in a report on Wednesday, June 10th. Wells Fargo & Company upped their price target on shares of LTC Properties from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 1st. Weiss Ratings upgraded shares of LTC Properties from a "buy (b)" rating to a "buy (b+)" rating in a research note on Tuesday. Finally, Royal Bank Of Canada raised shares of LTC Properties from a "sector perform" rating to an "outperform" rating and increased their price target for the company from $41.00 to $45.00 in a report on Friday, August 14th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $44.43.

LTC Properties Price Performance

The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 15.76 and a beta of 0.58. The company's 50 day moving average is $40.45 and its 200 day moving average is $38.95. The company has a quick ratio of 8.60, a current ratio of 8.60 and a debt-to-equity ratio of 0.58.

LTC Properties (NYSE:LTC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The business had revenue of $98.08 million during the quarter, compared to analysts' expectations of $79.01 million. During the same quarter in the previous year, the company earned $0.68 EPS. The business's revenue was up 63.6% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. On average, equities research analysts anticipate that LTC Properties, Inc. will post 2.78 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 22nd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 5.3%. LTC Properties's dividend payout ratio is currently 84.13%.

Insiders Place Their Bets

In other news, Director Timothy Triche sold 3,125 shares of the company's stock in a transaction on Monday, July 13th. The stock was sold at an average price of $39.54, for a total transaction of $123,562.50. Following the completion of the sale, the director directly owned 37,786 shares in the company, valued at approximately $1,494,058.44. This represents a 7.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David L. Gruber bought 3,500 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of $38.30 per share, with a total value of $134,050.00. Following the completion of the transaction, the director owned 47,545 shares in the company, valued at approximately $1,820,973.50. This trade represents a 7.95% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. IFP Advisors Inc grew its stake in LTC Properties by 8.6% during the second quarter. IFP Advisors Inc now owns 3,079 shares of the real estate investment trust's stock worth $118,000 after buying an additional 245 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of LTC Properties by 3.4% during the 4th quarter. ProShare Advisors LLC now owns 8,874 shares of the real estate investment trust's stock worth $305,000 after acquiring an additional 291 shares during the period. Maryland State Retirement & Pension System boosted its position in shares of LTC Properties by 5.0% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,028 shares of the real estate investment trust's stock worth $242,000 after acquiring an additional 336 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of LTC Properties by 27.7% during the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust's stock worth $55,000 after acquiring an additional 348 shares in the last quarter. Finally, Nissay Asset Management Corp Japan increased its stake in LTC Properties by 5.8% in the second quarter. Nissay Asset Management Corp Japan now owns 7,999 shares of the real estate investment trust's stock valued at $308,000 after acquiring an additional 439 shares during the last quarter. Institutional investors own 69.25% of the company's stock.

LTC Properties Company Profile

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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