On December 11, 2024, David Gruber, a Director at LTC Properties Inc, purchased 3,000 shares of the company. Following this transaction, the insider now owns a total of 21,516 shares. The purchase was documented in an SEC Filing.
LTC Properties Inc (LTC, Financial) is a real estate investment trust (REIT) that primarily invests in senior housing and health care properties. The company focuses on acquiring, managing, and developing properties that provide long-term care services.
The insider's recent purchase is part of a broader trend observed over the past year, where David Gruber has acquired a total of 9,000 shares and has not sold any shares. In contrast, the overall insider transaction history for LTC Properties Inc shows 2 insider buys and 4 insider sells over the same period.
On the day of the purchase, shares of LTC Properties Inc were trading at $37.16, resulting in a market cap of $1.666 billion. The company's price-earnings ratio stands at 15.80, which is slightly below the industry median of 15.85 and also lower than the company's historical median price-earnings ratio.
The stock's GF Value is estimated at $35.76, giving it a price-to-GF-Value ratio of 1.04. This indicates that the stock is fairly valued according to its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company's past returns and growth, as well as future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
