LTC Properties (NYSE:LTC) Releases FY 2026 Earnings Guidance
by Mitch Edgeman · The Markets DailyLTC Properties (NYSE:LTC – Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 2.760-2.780 for the period, compared to the consensus earnings per share estimate of 2.770. The company issued revenue guidance of -.
LTC Properties Trading Up 0.8%
LTC opened at $38.78 on Thursday. The firm has a market capitalization of $1.98 billion, a P/E ratio of 15.70 and a beta of 0.56. The firm’s 50 day moving average is $38.68 and its 200-day moving average is $38.43. LTC Properties has a 52-week low of $33.64 and a 52-week high of $43.00. 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 announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The business had revenue of $98.08 million during the quarter, compared to the consensus estimate of $79.01 million. During the same period in the prior year, the firm earned $0.68 earnings per share. The business’s quarterly revenue was up 63.6% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Analysts expect that LTC Properties will post 2.8 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. Investors of record on Tuesday, September 22nd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 5.9%. LTC Properties’s dividend payout ratio is currently 92.31%.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on LTC Properties from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Cantor Fitzgerald reduced their target price on LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Citigroup restated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Finally, Weiss Ratings raised shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.60.
Get Our Latest Stock Analysis on LTC
Insider Activity
In related news, Director Timothy Triche sold 3,125 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $39.54, for a total transaction of $123,562.50. Following the sale, the director directly owned 37,786 shares of the company’s stock, valued at approximately $1,494,058.44. This represents a 7.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David M. Boitano acquired 10,000 shares of LTC Properties stock in a transaction that occurred on Thursday, June 4th. The shares were purchased at an average price of $34.77 per share, for a total transaction of $347,700.00. Following the completion of the purchase, the executive vice president directly owned 46,160 shares of the company’s stock, valued at $1,604,983.20. The trade was a 27.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 2.20% of the company’s stock.
Institutional Investors Weigh In On LTC Properties
A number of institutional investors have recently modified their holdings of LTC. Triumph Capital Management increased its position in LTC Properties by 6.9% in the 4th quarter. Triumph Capital Management now owns 9,702 shares of the real estate investment trust’s stock valued at $334,000 after acquiring an additional 625 shares during the period. Mariner LLC grew its stake in shares of LTC Properties by 43.8% in the third quarter. Mariner LLC now owns 9,965 shares of the real estate investment trust’s stock worth $367,000 after purchasing an additional 3,036 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of LTC Properties in the third quarter worth $282,000. Brevan Howard Capital Management LP acquired a new position in shares of LTC Properties during the third quarter valued at $343,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of LTC Properties during the third quarter valued at $204,000. Institutional investors own 69.25% of the company’s stock.
LTC Properties Company Profile
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.