LTC Properties (NYSE:LTC) Issues Quarterly Earnings Results, Beats Expectations By $0.07 EPS

LTC Properties (NYSE:LTC - Get Free Report) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.07, Zacks reports. The business had revenue of $34.81 million for the quarter, compared to the consensus estimate of $45.25 million. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%.

LTC Properties Trading Up 0.3 %

LTC traded up $0.11 during trading on Thursday, reaching $34.82. 113,274 shares of the stock traded hands, compared to its average volume of 335,453. 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 stock has a market capitalization of $1.58 billion, a PE ratio of 14.94 and a beta of 0.93. The stock's 50-day moving average is $34.43 and its 200 day moving average is $36.10. LTC Properties has a 12 month low of $31.14 and a 12 month high of $39.89.

LTC Properties Dividend Announcement

The company also recently declared a jan 25 dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be given a dividend of $0.19 per share. The ex-dividend date is Friday, March 21st. This represents a yield of 6.45%. LTC Properties's dividend payout ratio (DPR) is currently 111.22%.

Analyst Upgrades and Downgrades

LTC has been the subject of a number of analyst reports. JMP Securities raised LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 price objective for the company in a report on Tuesday, January 7th. Citizens Jmp raised LTC Properties from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th.

Insider Activity

In other LTC Properties news, Director David L. Gruber acquired 3,000 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of $37.16 per share, with a total value of $111,480.00. Following the acquisition, the director now owns 21,516 shares in the company, valued at approximately $799,534.56. This represents a 16.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company's stock.

LTC Properties Company Profile

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.