LTC Properties (LTC) AI Stock Analysis

• Market Cap: $1.62B
• Dividend Yield: 6.5%
• Average Volume (3M): 314.78K
• Price to Earnings (P/E): 18.2
• Beta (1Y): 0.35
• Revenue Growth: 4.46%
• EPS Growth: 2.24%
• Country: US
• Employees: 23
• Sector: Real Estate
• Sector Strength: 63
• Industry: REIT - Healthcare Facilities
• EPS (TTM): 0.45
• Shares Outstanding: 45,930,570
• 10 Day Avg. Volume: 275,030
• 30 Day Avg. Volume: 314,776
• PEG Ratio: -3.53
• Price to Book (P/B): 1.71
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 12.65
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $37.00
• Price Target Upside: 6.05% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 3

• Rating: 76 Outperform
• Price Target: $40.00 ▲(14.65%Upside)

LTC Properties shows strong financial performance and strategic growth plans. While technical indicators suggest stability without significant momentum, the company's attractive valuation and high dividend yield make it appealing for income-focused investors. The earnings call further underscores growth potential despite existing challenges.

Positive Factors

Acquisition Pipeline

LTC saw its acquisition pipeline ramp to $300M, indicating strong growth potential.

Leverage and Financial Strategy

Leverage has declined to one of the lowest points on LTC’s record, suggesting improved financial health.

Valuation and Shareholder Returns

Valuation is attractive with a price target based on a combination of leased and SHOP peers, while considering LTC’s low leverage profile.

Negative Factors

Investment Activity

LTC didn't complete any new investments in recent quarters, possibly limiting growth opportunities.

Lease Transitions

Some transitions of existing leases to SHOP could be initially dilutive.

Occupancy Rates

AL occupancy declined, underperforming peers and typical seasonality.

LTC Properties Business Overview & Revenue Model

Company Description

LTC Properties, Inc. is a real estate investment trust (REIT) that primarily invests in senior housing and healthcare properties. The company is engaged in the acquisition, development, and management of properties across the United States, focusing on skilled nursing facilities, assisted living facilities, independent living facilities, and memory care properties. LTC Properties aims to provide a stable source of income and capital appreciation for its investors through its diversified portfolio of healthcare-related real estate assets.

How the Company Makes Money

LTC Properties makes money primarily through the collection of rental income from its portfolio of healthcare-related properties. As a REIT, the company leases its properties to operators and tenants in the senior housing and healthcare sectors, generating steady rental revenue. Additionally, LTC Properties may engage in financing activities, such as providing mortgage loans or mezzanine loans to operators, earning interest income. The company's revenue streams are bolstered by strategic partnerships with experienced operators in the healthcare space, which help ensure high occupancy rates and stable lease agreements. Furthermore, LTC Properties may realize gains through the strategic sale of properties or other real estate investments, contributing to its overall earnings.

LTC Properties Financial Statement Overview

Summary

LTC Properties shows strong revenue growth and cost management with high gross profit margins. The debt-to-equity ratio has improved, but increasing total debt remains a concern. Cash flow generation is solid, supporting operations and investments effectively.

Income Statement

LTC Properties has demonstrated a consistent revenue growth with a notable increase in EBIT margin over the years. The gross profit margin is strong, consistently above 90%, indicating efficient management of cost of goods sold. However, the net profit margin shows a slight decline in TTM, which could be due to increased expenses or other non-operating factors.

Balance Sheet

The company's debt-to-equity ratio has improved, reflecting better leverage management. The equity ratio suggests a solid capital structure, with stockholders' equity forming a significant part of total assets. However, there is a consistent increase in total debt, which poses a potential risk if not managed properly.

Cash Flow

LTC Properties has shown strong free cash flow generation, with a positive growth trajectory in recent periods. The operating cash flow to net income ratio is robust, indicating effective conversion of profits into cash. However, the decline in financing cash flow suggests increased repayments or reduced capital raising activities, which may impact future liquidity.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
208.04M	209.85M	197.24M	175.15M	155.32M	159.34M
	Gross Profit
197.84M	196.92M	182.83M	159.67M	139.93M	144.27M
	EBIT
106.64M	92.44M	89.96M	99.08M	80.57M	95.63M
	EBITDA
142.90M	168.93M	175.89M	136.58M	93.10M	134.70M
	Net Income Common Stockholders
87.49M	91.04M	89.73M	100.02M	27.07M	65.91M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
940.01M	935.26M	20.29M	10.38M	5.16M	7.77M
	Total Assets
1.78B	1.79B	1.86B	1.66B	1.50B	1.46B
	Total Debt
582.33M	684.60M	891.32M	767.85M	722.72M	649.38M
	Net Debt
559.04M	675.19M	871.03M	757.48M	717.56M	641.61M
	Total Liabilities
726.21M	733.14M	938.83M	805.80M	759.70M	683.68M
	Stockholders Equity
961.90M	960.63M	881.28M	828.37M	736.71M	767.40M
Cash Flow		Free Cash Flow
131.48M	125.17M	104.40M	96.59M	84.89M	115.75M
	Operating Cash Flow
133.68M	125.17M	104.40M	105.59M	91.18M	116.10M
	Investing Cash Flow
81.10M	90.68M	-174.91M	-119.95M	-69.79M	43.93M
	Financing Cash Flow
-200.49M	-226.72M	80.42M	19.58M	-24.01M	-156.50M

LTC Properties Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 34.89
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LTC, the sentiment is Neutral. The current price of 34.89 is below the 20-day moving average (MA) of 35.39, below the 50-day MA of 35.00, and below the 200-day MA of 34.92, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.71 is Neutral, neither overbought nor oversold. The STOCH value of 24.72 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LTC.

LTC Properties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LTC	76 Outperform	$1.62B	18.17	9.39%	6.50%	4.46%	2.24%
OHI	72 Outperform	$10.72B	23.24	10.53%	7.23%	10.56%	45.37%
SILA	66 Neutral	$1.37B	39.00	2.46%	5.92%	-2.94%	46.24%
DHC	62 Neutral	$762.35M	―	-13.96%	1.24%	5.33%	10.68%
Sector *	61 Neutral	$2.81B	10.77	0.40%	8439.00%	5.73%	-20.81%
GMRE	56 Neutral	$459.92M	202.56	1.45%	13.25%	-1.66%	-86.24%
MPW	44 Neutral	$2.69B	―	-28.86%	8.61%	19.56%	-12.73%

LTC Properties Corporate Events

LTC Properties Increases Authorized Shares for Growth

On May 28, 2025, LTC Properties held its annual stockholders meeting virtually, where several key proposals were voted upon. Stockholders elected six directors to the board, approved executive compensation, ratified Ernst & Young LLP as the accounting firm for 2025, and agreed to amend the company’s charter to increase authorized shares from 60 million to 110 million, reflecting strategic growth plans.

The most recent analyst rating on (LTC) stock is a Hold with a $34.00 price target. To see the full list of analyst forecasts on LTC Properties stock, see the LTC Stock Forecast page.