Key Points
- LTC Properties EVP David Boitano bought 10,000 shares on June 4 at an average price of $34.77, a $347,700 purchase that increased his stake by 27.65% to 46,160 shares.
- The REIT recently beat quarterly expectations, reporting EPS of $0.69 versus the $0.52 consensus and revenue of $94.41 million, while raising full-year 2026 guidance to $2.75–$2.79 EPS.
- LTC Properties also declared a monthly dividend of $0.19 per share, payable June 30, which annualizes to a 6.5% yield, while analysts currently rate the stock “Moderate Buy” with a consensus target of $40.60.
LTC Properties, Inc. (NYSE:LTC - Get Free Report) EVP David Boitano purchased 10,000 shares of the firm's stock in a transaction dated Thursday, June 4th. The stock was acquired at an average cost of $34.77 per share, for a total transaction of $347,700.00. Following the purchase, the executive vice president owned 46,160 shares in the company, valued at approximately $1,604,983.20. The trade was a 27.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
LTC Properties Stock Performance
Shares of LTC Properties stock opened at $34.87 on Friday. LTC Properties, Inc. has a 52 week low of $33.64 and a 52 week high of $40.80. The business's fifty day simple moving average is $38.22 and its 200-day simple moving average is $37.26. The firm has a market cap of $1.78 billion, a PE ratio of 14.12 and a beta of 0.57. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 0.73.
LTC Properties (NYSE:LTC - Get Free Report) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.17. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The firm had revenue of $94.41 million for the quarter, compared to analyst estimates of $72.98 million. During the same quarter in the prior year, the company earned $0.65 EPS. LTC Properties's revenue was up 94.7% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Equities analysts forecast that LTC Properties, Inc. will post 2.77 earnings per share for the current year.
LTC Properties Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 22nd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a c) annualized dividend and a yield of 6.5%. LTC Properties's dividend payout ratio is presently 92.31%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Cantor Fitzgerald decreased their target price on LTC Properties from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Monday, May 11th. Wells Fargo & Company increased their target price on LTC Properties from $39.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Monday. Weiss Ratings raised LTC Properties from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada increased their target price on LTC Properties from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $40.60.
View Our Latest Stock Analysis on LTC Properties
Institutional Investors Weigh In On LTC Properties
A number of hedge funds have recently bought and sold shares of LTC. ProShare Advisors LLC raised its holdings in LTC Properties by 3.4% during the fourth quarter. ProShare Advisors LLC now owns 8,874 shares of the real estate investment trust's stock worth $305,000 after purchasing an additional 291 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in LTC Properties by 75.0% during 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. Maryland State Retirement & Pension System raised its holdings in LTC Properties by 5.0% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,028 shares of the real estate investment trust's stock worth $242,000 after purchasing an additional 336 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in LTC Properties by 33.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust's stock worth $46,000 after buying an additional 340 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in LTC Properties by 27.7% during the fourth quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust's stock worth $55,000 after buying an additional 348 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company's stock.
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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