LTC Properties (NYSE:LTC) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• LTC Properties shares rose above their 200-day moving average, reaching $43.55 and last trading near $43.37, compared with a 200-day average of $39.91.
• Analyst sentiment is favorable, with five Buy ratings and three Holds producing a consensus “Moderate Buy” rating and a $47.40 price target.
• The healthcare REIT reported quarterly EPS and revenue above expectations and announced a $0.19 monthly dividend, equivalent to a 5.3% annual yield, though its 84.13% payout ratio is relatively high.

Shares of LTC Properties, Inc. (NYSE:LTC - Get Free Report) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $39.91 and traded as high as $43.55. LTC Properties shares last traded at $43.3680, with a volume of 492,637 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LTC shares. Huntington started coverage on shares of LTC Properties in a research report on Thursday, September 10th. They set an "outperform" rating and a $47.00 price target on the stock. Royal Bank Of Canada upped their price objective on shares of LTC Properties from $45.00 to $52.00 and gave the stock an "outperform" rating in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft raised shares of LTC Properties from a "hold" rating to a "buy" rating and set a $55.00 price objective for the company in a research report on Thursday, August 27th. Nomura upgraded shares of LTC Properties to a "neutral" rating in a research note on Friday, August 14th. Finally, Weiss Ratings cut shares of LTC Properties from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday, September 24th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, LTC Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.40.

LTC Properties Stock Up 2.8%

The company has a market capitalization of $2.34 billion, a PE ratio of 16.00 and a beta of 0.55. The stock's fifty day moving average is $42.10 and its two-hundred day moving average is $39.91. The company has a current ratio of 8.60, a quick ratio of 8.60 and a debt-to-equity ratio of 0.58.

LTC Properties (NYSE:LTC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.08. The business had revenue of $98.08 million during the quarter, compared to the consensus estimate of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The firm's quarterly revenue was up 63.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, analysts predict that LTC Properties, Inc. will post 2.77 EPS for the current year.

LTC Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 23rd will be given a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, December 23rd. LTC Properties's dividend payout ratio is currently 84.13%.

Insider Activity

In other news, Director David Gruber acquired 3,500 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $38.30 per share, for a total transaction of $134,050.00. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by insiders.

Institutional Trading of LTC Properties

A number of large investors have recently bought and sold shares of LTC. Wedbush Securities Inc. grew its stake in LTC Properties by 6.5% during the third quarter. Wedbush Securities Inc. now owns 9,758 shares of the real estate investment trust's stock valued at $418,000 after acquiring an additional 594 shares in the last quarter. Yousif Capital Management LLC increased its holdings in LTC Properties by 4.1% during the 3rd quarter. Yousif Capital Management LLC now owns 13,601 shares of the real estate investment trust's stock worth $583,000 after acquiring an additional 531 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in LTC Properties by 42.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,967 shares of the real estate investment trust's stock worth $642,000 after acquiring an additional 4,442 shares during the period. Cordatus Wealth Management LLC purchased a new stake in LTC Properties in the 3rd quarter worth approximately $325,000. Finally, Capital Square LLC lifted its stake in LTC Properties by 8.9% in the 3rd quarter. Capital Square LLC now owns 34,776 shares of the real estate investment trust's stock worth $1,491,000 after purchasing an additional 2,835 shares in the last quarter. 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 (REIT) that invests in healthcare-related real estate. The company focuses primarily on properties serving older adults, including skilled nursing facilities, assisted living communities, memory care facilities and independent living properties.

LTC Properties generally generates revenue through long-term leases, mortgage loans and other investments involving healthcare operators and property owners. Its investment activities may include property acquisitions, sale-leaseback transactions, joint ventures and financing arrangements.

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