LTC Properties (LTC) to Release Earnings on Monday

LTC Properties (NYSE:LTC - Get Free Report) is set to release its earnings data after the market closes on Monday, October 28th. Analysts expect LTC Properties to post earnings of $0.68 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

LTC Properties (NYSE:LTC - Get Free Report) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.22). The business had revenue of $50.12 million for the quarter, compared to the consensus estimate of $33.47 million. LTC Properties had a net margin of 46.78% and a return on equity of 10.22%. LTC Properties's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. On average, analysts expect LTC Properties to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

LTC Properties Trading Down 1.4 %

LTC Properties stock traded down $0.49 during trading hours on Monday, reaching $35.62. The stock had a trading volume of 196,060 shares, compared to its average volume of 281,342. The stock has a market cap of $1.55 billion, a PE ratio of 18.55 and a beta of 0.91. The company has a fifty day simple moving average of $36.35 and a 200-day simple moving average of $35.00. The company has a debt-to-equity ratio of 0.88, a current ratio of 11.29 and a quick ratio of 11.29. LTC Properties has a 52 week low of $30.30 and a 52 week high of $38.28.

LTC Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be given a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.40%. The ex-dividend date of this dividend is Thursday, November 21st. LTC Properties's dividend payout ratio is currently 118.75%.

Insider Buying and Selling

In other news, Director Timothy Triche sold 5,000 shares of LTC Properties stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $36.45, for a total transaction of $182,250.00. Following the completion of the sale, the director now owns 34,522 shares of the company's stock, valued at approximately $1,258,326.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director David L. Gruber bought 6,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $35.75 per share, for a total transaction of $214,500.00. Following the purchase, the director now directly owns 18,412 shares of the company's stock, valued at approximately $658,229. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy Triche sold 5,000 shares of the business's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $36.45, for a total value of $182,250.00. Following the sale, the director now owns 34,522 shares in the company, valued at approximately $1,258,326.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LTC shares. Wells Fargo & Company reiterated an "equal weight" rating and set a $37.00 target price (up from $36.00) on shares of LTC Properties in a report on Tuesday, October 1st. Wedbush restated an "outperform" rating and set a $40.00 price objective on shares of LTC Properties in a research report on Friday, September 20th.

LTC Properties Company Profile

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 201 properties in 26 states with 29 operating partners.