LTC Properties, Inc. (NYSE:LTC) Receives Consensus Rating of “Hold” from Analysts

by · The Cerbat Gem

LTC Properties, Inc. (NYSE:LTCGet Free Report) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $38.60.

Several research firms have recently issued reports on LTC. Cantor Fitzgerald set a $36.00 target price on shares of LTC Properties in a research note on Monday, January 5th. JMP Securities reiterated a “market outperform” rating and set a $43.00 price target on shares of LTC Properties in a research report on Friday, October 17th. Wells Fargo & Company boosted their price objective on LTC Properties from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Royal Bank Of Canada upped their target price on LTC Properties from $37.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of LTC Properties in a research report on Monday, December 29th.

View Our Latest Report on LTC Properties

LTC Properties Trading Up 0.9%

LTC Properties stock opened at $36.51 on Tuesday. The firm has a market cap of $1.74 billion, a PE ratio of 50.71 and a beta of 0.62. LTC Properties has a 12 month low of $31.70 and a 12 month high of $37.95. The stock’s 50 day simple moving average is $35.47 and its two-hundred day simple moving average is $35.57. The company has a current ratio of 8.68, a quick ratio of 8.68 and a debt-to-equity ratio of 0.90.

LTC Properties (NYSE:LTCGet Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. The firm had revenue of $50.05 million for the quarter, compared to the consensus estimate of $65.94 million. LTC Properties had a net margin of 14.58% and a return on equity of 3.22%. The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 earnings per share. LTC Properties has set its FY 2025 guidance at 2.690-2.710 EPS. Analysts anticipate that LTC Properties will post 2.79 earnings per share for the current year.

LTC Properties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be given a $0.19 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 6.2%. LTC Properties’s dividend payout ratio (DPR) is 316.67%.

Insider Transactions at LTC Properties

In related news, Director David L. Gruber purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average cost of $35.94 per share, with a total value of $35,940.00. Following the purchase, the director owned 29,834 shares of the company’s stock, valued at $1,072,233.96. This represents a 3.47% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David M. Boitano acquired 10,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of $34.44 per share, with a total value of $344,400.00. Following the completion of the purchase, the executive vice president owned 25,626 shares in the company, valued at $882,559.44. This represents a 64.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 15,000 shares of company stock valued at $521,980 in the last three months. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised 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 buying an additional 300 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in LTC Properties by 187.5% in the 4th quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 587 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of LTC Properties by 55.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 984 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 352 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of LTC Properties in the second quarter valued at approximately $41,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of LTC Properties in the third quarter valued at approximately $41,000. 69.25% of the stock is owned by institutional investors and hedge funds.

LTC Properties Company Profile

(Get Free Report)

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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