Key Points
- Director David Gruber bought 7,000 shares at $38.00 each on March 5 for a total of $266,000, increasing his stake by 23.39% to 36,931 shares valued at about $1.403 million.
- LTC Properties reported a major beat with Q EPS $2.09 vs. $0.68 expected and revenue up 60.3% year-over-year, and it issued FY2026 guidance of $2.750–$2.790 EPS.
- The company announced a monthly dividend of $0.19 per share (record March 23, paid March 31), implying a ~5.9% yield while its dividend payout ratio is 93.44%.
LTC Properties, Inc. (NYSE:LTC - Get Free Report) Director David Gruber acquired 7,000 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average cost of $38.00 per share, for a total transaction of $266,000.00. Following the completion of the transaction, the director directly owned 36,931 shares in the company, valued at $1,403,378. The trade was a 23.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
LTC Properties Stock Up 0.5%
NYSE:LTC opened at $38.36 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 8.04 and a current ratio of 8.04. The firm has a market cap of $1.86 billion, a P/E ratio of 15.72 and a beta of 0.59. LTC Properties, Inc. has a fifty-two week low of $31.70 and a fifty-two week high of $40.80. The firm has a 50-day simple moving average of $37.24 and a two-hundred day simple moving average of $36.17.
LTC Properties (NYSE:LTC - Get Free Report) last issued its earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 earnings per share (EPS) 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 firm had revenue of $82.11 million for the quarter, compared to the consensus estimate of $84.23 million. During the same quarter in the prior year, the firm posted $0.72 earnings per share. The business'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 predict that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.
LTC Properties Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be paid a dividend of $0.19 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Monday, March 23rd. LTC Properties's dividend payout ratio (DPR) is currently 93.44%.
Institutional Trading of LTC Properties
Hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in 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 worth $26,000 after purchasing an additional 300 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of 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 during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of LTC Properties by 55.7% in 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 last quarter. Elevation Point Wealth Partners LLC bought a new stake in LTC Properties during the second quarter valued at approximately $41,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in LTC Properties during the third quarter valued at approximately $41,000. Hedge funds and other institutional investors own 69.25% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Royal Bank Of Canada increased their price objective on LTC Properties from $37.00 to $38.00 and gave the company a "sector perform" rating in a research report on Monday, November 10th. Wells Fargo & Company raised their price target on shares of LTC Properties from $36.00 to $37.00 and gave the company an "equal weight" rating in a report on Tuesday, November 25th. Cantor Fitzgerald set a $36.00 price objective on shares of LTC Properties in a report on Monday, January 5th. Finally, Weiss Ratings upgraded shares of LTC Properties from a "hold (c)" rating to a "buy (b-)" rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, LTC Properties has a consensus rating of "Moderate Buy" and a consensus price target of $38.60.
Read Our Latest Stock Analysis on LTC Properties
About LTC Properties
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
