Wells Fargo Notes Resilient REIT Operations, Raises LTC Target

LTC Properties, Inc. (NYSE:LTC) is included among the 13 Highest Paying Monthly Dividend Stocks to Buy.

On November 26, Wells Fargo lifted its price target on LTC Properties, Inc. (NYSE:LTC) to $37 from $36 and kept an Equal Weight rating on the stock. The firm said that, aside from a few high-profile exceptions, most REITs posted Q3 2025 results and outlooks that pointed to healthy operating conditions, even with ongoing macro and labor market concerns.

The pandemic was especially tough on senior housing. Many of LTC Properties, Inc. (NYSE:LTC)’s tenants struggled to pay rent, and some ended up filing for bankruptcy. That period tested the balance sheet. LTC’s financial strength helped it get through the disruption. The company replaced some lost income with new investments and managed to keep its monthly dividend intact.

Today, LTC Properties, Inc. (NYSE:LTC) owns 192 properties across 25 states. Its opportunity set keeps growing as the US population ages. In the most recent quarter, occupancy across its core senior housing operating portfolio held steady at 81%.

LTC pays dividends every month and currently offers a forward yield of about 6.6%. Dividend growth isn’t consistent year to year. Management expects core FFO to stay roughly flat, moving from $2.68 per share in 2024 to a range of $2.67 to $2.71 in 2025. That outlook won’t turn heads, but it comfortably covers the forward annual dividend of $2.28 per share.

LTC Properties, Inc. (NYSE:LTC) is a REIT focused on senior housing and care assets. It invests through senior housing operating properties, triple-net leases, joint ventures, and structured finance arrangements.

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Disclosure: None.