LTC Properties stock price target raised to $43 from $40 at JMP

Investing.com - JMP Securities has raised its price target on LTC Properties (NYSE:LTC) to $43.00 from $40.00 while maintaining a Market Outperform rating following the healthcare real estate investment trust’s second-quarter 2025 results. The $1.62 billion market cap company, which boasts a "GREAT" financial health score according to InvestingPro, has maintained dividend payments for 24 consecutive years.

LTC Properties reported Core FFO of $0.68 per share for the quarter, matching JMP’s estimate and exceeding the consensus expectation of $0.60 per share. The company also increased its full-year Core FFO guidance by $0.02 per share, supported by strong revenue growth of 8.74% over the last twelve months and an impressive 86.43% gross profit margin.

A key development during the quarter was the initial transition of 13 senior housing assets into a new RIDEA pool, allowing LTC to participate in the underlying cash flows of these properties. JMP noted this transition comes at an advantageous time given the limited new supply and high demand in the senior housing market. For deeper insights into LTC’s financial health and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.

LTC management announced a $300 million pipeline of additional senior housing operating portfolio acquisitions, which will increase the company’s overall exposure to this asset class to approximately 20% of its portfolio.

JMP’s new price target of $43, based on 15 times 2026 estimated FAD (Funds Available for Distribution), represents a 22% upside potential from current levels, in addition to the stock’s 6.5% dividend yield.

In other recent news, LTC Properties Inc . announced its financial results for the second quarter of 2025. The company reported revenue of $60.24 million, which significantly surpassed the expected $37.7 million, marking a revenue surprise of 59.79%. However, the earnings per share (EPS) did not meet expectations, coming in at $0.32, which was 28.89% below the forecasted $0.45. These mixed results highlight the company’s strong revenue performance but also a shortfall in profitability. No major mergers or acquisitions were reported during this period. Analyst firm assessments regarding LTC Properties’ stock were not mentioned in the latest updates. There were no additional developments provided regarding changes in company strategy or leadership. These recent developments offer a snapshot of LTC Properties’ current financial standing.

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