LTC Properties (LTC) Expected to Announce Earnings on Monday

LTC Properties (NYSE:LTC - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect LTC Properties to post earnings of $0.65 per share and revenue of $45.25 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

LTC Properties Trading Down 0.2 %

LTC stock traded down $0.08 during midday trading on Thursday, reaching $34.61. The stock had a trading volume of 319,256 shares, compared to its average volume of 327,111. The business has a fifty day simple moving average of $34.61 and a two-hundred day simple moving average of $36.14. The company has a quick ratio of 11.60, a current ratio of 11.60 and a debt-to-equity ratio of 0.75. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 14.85 and a beta of 0.93. LTC Properties has a twelve month low of $31.14 and a twelve month high of $39.89.

LTC Properties Announces Dividend

The company also recently disclosed a jan 25 dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 21st will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a yield of 6.45%. LTC Properties's payout ratio is 97.85%.

Insider Activity at LTC Properties

In other LTC Properties news, Director David L. Gruber acquired 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of $37.16 per share, for a total transaction of $111,480.00. Following the transaction, the director now owns 21,516 shares of the company's stock, valued at $799,534.56. This trade represents a 16.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citizens Jmp upgraded LTC Properties from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. JMP Securities upgraded LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 target price for the company in a research report on Tuesday, January 7th.

About LTC Properties

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.