Key Points
- LTC Properties director David Gruber purchased 3,500 shares at an average price of $38.30, investing $134,050 and increasing his ownership by 7.95% to 47,545 shares.
- The healthcare REIT reported quarterly EPS of $0.56, exceeding the $0.48 consensus estimate, while revenue rose 63.6% year over year to $98.08 million. The company maintained FY 2026 EPS guidance of $2.76–$2.78.
- LTC declared a monthly dividend of $0.19 per share, representing a 5.8% yield, while analysts collectively assign the stock a “Moderate Buy” rating with an average price target of $41.40.
LTC Properties, Inc. (NYSE:LTC - Get Free Report) Director David Gruber purchased 500 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average cost of $38.30 per share, with a total value of $19,150.00. Following the purchase, the director owned 48,070 shares in the company, valued at $1,841,081. This represents a 1.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
LTC Properties Trading Up 0.9%
NYSE:LTC opened at $39.03 on Friday. The company has a market capitalization of $2.10 billion, a P/E ratio of 14.40 and a beta of 0.56. The stock's 50 day moving average price is $39.03 and its 200 day moving average price is $38.51. The company has a debt-to-equity ratio of 0.58, a quick ratio of 8.60 and a current ratio of 8.60. LTC Properties, Inc. has a 52 week low of $33.64 and a 52 week high of $43.00.
LTC Properties (NYSE:LTC - Get Free Report) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.08. The firm had revenue of $98.08 million during the quarter, compared to analysts' expectations of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The company's revenue was up 63.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. On average, research analysts forecast that LTC Properties, Inc. will post 2.77 EPS for the current fiscal year.
LTC Properties Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 22nd will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. LTC Properties's dividend payout ratio (DPR) is currently 84.13%.
Hedge Funds Weigh In On LTC Properties
A number of institutional investors have recently modified their holdings of the company. Optiver Holding B.V. raised its position in shares of LTC Properties by 153.1% in the first quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 467 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of LTC Properties by 187.5% during the 4th quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust's stock worth $31,000 after buying an additional 587 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of LTC Properties by 33.8% during the 4th 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 during the period. Hantz Financial Services Inc. grew its stake in LTC Properties by 27.7% in the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust's stock valued at $55,000 after buying an additional 348 shares during the last quarter. Finally, KBC Group NV acquired a new position in LTC Properties in the 1st quarter valued at $78,000. Institutional investors own 69.25% of the company's stock.
Analyst Ratings Changes
LTC has been the subject of a number of recent research reports. Nomura upgraded shares of LTC Properties to a "neutral" rating in a report on Friday. Cantor Fitzgerald cut their target price on LTC Properties from $42.00 to $40.00 and set a "neutral" rating on the stock in a report on Monday, May 11th. Weiss Ratings restated a "buy (b)" rating on shares of LTC Properties in a report on Wednesday, August 5th. Wells Fargo & Company boosted their price target on LTC Properties from $39.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Monday, June 1st. Finally, Citigroup reiterated a "market outperform" rating on shares of LTC Properties in a research note on Wednesday, June 10th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $41.40.
Check Out Our Latest Research Report on LTC Properties
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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