Wells Fargo & Company Forecasts Strong Price Appreciation for LTC Properties (NYSE:LTC) Stock

Key Points

• Wells Fargo raised its price target on LTC Properties to $39 (an implied ~4.2% upside) with an "equal weight" rating, while other firms (RBC at $41) leave the stock at a consensus price target of about $39.60 and a "Moderate Buy" consensus.
• LTC reported a blowout quarter with $2.09 EPS vs. $0.68 expected and revenue up 60.3% year-over-year, and it set FY2026 guidance of 2.750–2.790 EPS (analysts forecast ~2.79).
• Company insiders increased holdings—EVP David Boitano bought 10,000 shares at $34.44 and Director David Gruber bought 7,000 shares at $38—bringing insiders' ownership to about 2.10%.

LTC Properties (NYSE:LTC - Get Free Report) had its price target increased by equities researchers at Wells Fargo & Company from $37.00 to $39.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's price target would suggest a potential upside of 4.15% from the company's previous close.

Several other research firms have also issued reports on LTC. Cantor Fitzgerald set a $36.00 target price on LTC Properties in a report on Monday, January 5th. Weiss Ratings raised LTC Properties from a "hold (c)" rating to a "buy (b-)" rating in a report on Friday, February 27th. Finally, Royal Bank Of Canada increased their price objective on LTC Properties from $38.00 to $41.00 and gave the company a "sector perform" rating in a research report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, LTC Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.60.

LTC Properties Price Performance

Shares of LTC Properties stock traded up $0.20 during trading on Thursday, hitting $37.45. 37,848 shares of the company's stock traded hands, compared to its average volume of 426,526. The company has a market cap of $1.82 billion, a PE ratio of 15.36 and a beta of 0.59. The company has a debt-to-equity ratio of 0.72, a current ratio of 8.04 and a quick ratio of 8.04. LTC Properties has a twelve month low of $31.70 and a twelve month high of $40.80. The firm's fifty day moving average price is $38.05 and its 200 day moving average price is $36.34.

LTC Properties (NYSE:LTC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $2.09 earnings per share for the quarter, topping the consensus estimate of $0.68 by $1.41. LTC Properties had a net margin of 44.82% and a return on equity of 10.95%. The company had revenue of $82.11 million during the quarter, compared to analyst estimates of $84.23 million. During the same quarter last year, the business posted $0.72 earnings per share. The company's revenue was up 60.3% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS and its Q1 2026 guidance at 0.660-0.680 EPS. Analysts forecast that LTC Properties will post 2.79 earnings per share for the current year.

Insider Buying and Selling at LTC Properties

In related news, EVP David M. Boitano purchased 10,000 shares of the business's stock in a transaction that occurred on Wednesday, December 31st. The shares were purchased at an average cost of $34.44 per share, for a total transaction of $344,400.00. Following the purchase, the executive vice president directly owned 25,626 shares of the company's stock, valued at $882,559.44. The trade was a 64.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David L. Gruber acquired 7,000 shares of the firm's stock in a transaction on 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 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 ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LTC. Jones Financial Companies Lllp grew its position in shares of LTC Properties by 75.0% in the third quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 300 shares during the period. Farther Finance Advisors LLC lifted its position in LTC Properties by 187.5% during the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 587 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in LTC Properties by 55.7% during the third quarter. Harbor Capital Advisors Inc. now owns 984 shares of the real estate investment trust's stock worth $36,000 after buying an additional 352 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in shares of LTC Properties in the 2nd quarter valued at $41,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in LTC Properties during the 3rd quarter worth $41,000. Hedge funds and other 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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