Key Points
- Insider sale: LTC Properties Director Timothy Triche sold 3,125 shares on July 13 at an average price of $39.54, totaling $123,562.50. After the sale, he still owned 37,786 shares, reducing his stake by 7.64%.
- Stock performance and fundamentals: LTC shares were up 1.0% and opened at $40.09, near the 52-week high of $40.80. The REIT has a market cap of $2.05 billion and recently reported stronger-than-expected quarterly results, with EPS of $0.69 and revenue of $94.41 million.
- Dividend and analyst outlook: The company announced a monthly dividend of $0.19 per share, implying a 5.7% annualized yield, though its payout ratio is high at 92.31%. Analysts currently rate the stock as a consensus Hold with an average target price of $40.60.
LTC Properties, Inc. (NYSE:LTC - Get Free Report) Director Timothy Triche sold 3,125 shares of LTC Properties stock in a transaction on Monday, July 13th. The stock was sold at an average price of $39.54, for a total value of $123,562.50. Following the completion of the transaction, the director owned 37,786 shares in the company, valued at $1,494,058.44. The trade was a 7.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
LTC Properties Stock Up 1.0%
Shares of LTC Properties stock opened at $40.09 on Wednesday. LTC Properties, Inc. has a 12-month low of $33.64 and a 12-month high of $40.80. The firm has a market capitalization of $2.05 billion, a PE ratio of 16.23 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. The stock's fifty day moving average is $37.88 and its 200-day moving average is $37.76.
LTC Properties (NYSE:LTC - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.17. The business had revenue of $94.41 million during the quarter, compared to analyst estimates of $72.98 million. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.LTC Properties's revenue for the quarter was up 94.7% on a year-over-year basis. During the same quarter last year, the company posted $0.65 EPS. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Equities analysts anticipate that LTC Properties, Inc. will post 2.77 earnings per share for the current year.
LTC Properties Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be given a $0.19 dividend. This represents a c) annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, September 22nd. LTC Properties's dividend payout ratio (DPR) is 92.31%.
Institutional Trading of LTC Properties
Several institutional investors have recently made changes to their positions in LTC. Handelsbanken Fonder AB grew its position in LTC Properties by 13.7% during the second quarter. Handelsbanken Fonder AB now owns 29,830 shares of the real estate investment trust's stock valued at $1,147,000 after purchasing an additional 3,600 shares in the last quarter. Pensionfund PDN lifted its position in LTC Properties by 7.2% in the 2nd quarter. Pensionfund PDN now owns 44,500 shares of the real estate investment trust's stock worth $1,711,000 after buying an additional 3,000 shares in the last quarter. Pensionfund Sabic boosted its stake in shares of LTC Properties by 10.3% during the 2nd quarter. Pensionfund Sabic now owns 21,500 shares of the real estate investment trust's stock valued at $827,000 after buying an additional 2,000 shares during the period. Optiver Holding B.V. grew its holdings in shares of LTC Properties by 153.1% during the 1st quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 467 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of LTC Properties by 37.0% during the 1st quarter. Bank of America Corp DE now owns 170,814 shares of the real estate investment trust's stock valued at $6,347,000 after acquiring an additional 46,163 shares in the last quarter. 69.25% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages recently commented on LTC. Citigroup restated a "market outperform" rating on shares of LTC Properties in a research report on Wednesday, June 10th. Weiss Ratings upgraded shares of LTC Properties from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, May 8th. Royal Bank Of Canada boosted their target price on shares of LTC Properties from $38.00 to $41.00 and gave the company a "sector perform" rating in a research note on Friday, March 20th. Wells Fargo & Company increased their target price on LTC Properties from $39.00 to $40.00 and gave the company an "equal weight" rating in a report on Monday, June 1st. Finally, Cantor Fitzgerald lowered their price target on LTC Properties from $42.00 to $40.00 and set a "neutral" rating on the stock in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $40.60.
Read Our Latest Stock Analysis on LTC
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.
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