LTC Properties (NYSE:LTC) Director Purchases $134,050.00 in Stock

by · The Markets Daily

LTC Properties, Inc. (NYSE:LTC – Get Free Report) Director David Gruber bought 3,500 shares of the stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $38.30 per share, for a total transaction of $134,050.00. Following the purchase, the director owned 47,545 shares in the company, valued at $1,820,973.50. The trade was a 7.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

LTC Properties Price Performance

Shares of LTC Properties stock traded up $0.34 during trading hours on Thursday, reaching $39.03. 368,970 shares of the company’s stock were exchanged, compared to its average volume of 553,903. The business has a fifty day moving average of $39.03 and a two-hundred day moving average of $38.51. The company has a market capitalization of $2.10 billion, a P/E ratio of 14.40 and a beta of 0.56. The company has a quick ratio of 8.60, a current ratio of 8.60 and a debt-to-equity ratio of 0.58. LTC Properties, Inc. has a 1 year low of $33.64 and a 1 year high of $43.00.

LTC Properties (NYSE:LTC – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. The firm had revenue of $98.08 million for the quarter, compared to the consensus estimate 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 for the quarter was up 63.6% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, research analysts predict that LTC Properties, Inc. will post 2.77 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The business also recently announced 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. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Tuesday, September 22nd. LTC Properties’s payout ratio is currently 84.13%.

Hedge Funds Weigh In On LTC Properties

Large investors have recently modified their holdings of the business. Keudell Morrison Wealth Management purchased a new position in shares of LTC Properties in the fourth quarter valued at approximately $1,365,000. Vanguard Group Inc. lifted its holdings in LTC Properties by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 7,238,012 shares of the real estate investment trust’s stock worth $248,843,000 after buying an additional 125,889 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in LTC Properties in the 4th quarter valued at approximately $6,556,000. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of LTC Properties by 178.2% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 129,100 shares of the real estate investment trust’s stock worth $4,438,000 after acquiring an additional 82,700 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of LTC Properties by 140.3% in the fourth quarter. UBS Group AG now owns 238,226 shares of the real estate investment trust’s stock worth $8,190,000 after acquiring an additional 139,078 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on LTC. Cantor Fitzgerald reduced their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Wells Fargo & Company boosted their price target on shares of LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Weiss Ratings reissued a “buy (b)” rating on shares of LTC Properties in a report on Wednesday, August 5th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, LTC Properties currently has an average rating of “Hold” and an average target price of $40.60.

View Our Latest Report 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.

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