LTC Properties (LTC) Stock Price, News & Analysis

Company Overview

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. Based on its gross real estate investments, LTC's investment portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.

Key Stats

• Today's Range: $38.16 to $38.29
• 50-Day Range: $35.36 to $39.44
• 52-Week Range: $30.30 to $39.89
• Volume: 7,165 shs
• Average Volume: 281,814 shs
• Market Capitalization: $1.73 billion
• P/E Ratio: 16.40
• Dividend Yield: 5.97%
• Price Target: $37.00
• Consensus Rating: Hold

LTC Properties Stock Analysis - MarketRank™

LTC Properties scored higher than 30% of companies evaluated by MarketBeat, and ranked 764th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

LTC Properties has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

LTC Properties has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -2.51%

Earnings Growth

Earnings for LTC Properties are expected to decrease by -2.51% in the coming year, from $2.79 to $2.72 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of LTC Properties is 16.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of LTC Properties is 16.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.86.

Price to Book Value per Share Ratio

LTC Properties has a P/B Ratio of 1.67. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.16% of the outstanding shares of LTC Properties have been sold short.

Short Interest Ratio / Days to Cover

LTC Properties has a short interest ratio ("days to cover") of 5.1.

Change versus previous month

Short interest in LTC Properties has recently decreased by 2.05%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

LTC Properties is a leading dividend payer. It pays a dividend yield of 5.91%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

LTC Properties does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of LTC Properties is 97.85%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, LTC Properties will have a dividend payout ratio of 83.82% in the coming year. This indicates that LTC Properties may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.16% of the outstanding shares of LTC Properties have been sold short.

Short Interest Ratio / Days to Cover

LTC Properties has a short interest ratio ("days to cover") of 5.1.

Change versus previous month

Short interest in LTC Properties has recently decreased by 2.05%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.6 / 5
• News Sentiment: 0.83

News Sentiment

LTC Properties has a news sentiment score of 0.83. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for LTC Properties this week, compared to 3 articles on an average week.

Search Interest

Only 5 people have searched for LTC on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added LTC Properties to their MarketBeat watchlist in the last 30 days. This is a decrease of -83% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, LTC Properties insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $414,750.00 in company stock.

Percentage Held by Insiders

Only 2.00% of the stock of LTC Properties is held by insiders.

Percentage Held by Institutions

69.25% of the stock of LTC Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

LTC Stock Analysis - Frequently Asked Questions

How have LTC shares performed this year?

LTC Properties' stock was trading at $32.12 at the start of the year. Since then, LTC stock has increased by 19.4% and is now trading at $38.3550.
View the best growth stocks for 2024 here.

How were LTC Properties' earnings last quarter?

LTC Properties, Inc. (NYSE:LTC) posted its quarterly earnings data on Monday, October, 28th. The real estate investment trust reported $0.66 EPS for the quarter, missing the consensus estimate of $0.71 by $0.05. The firm's revenue for the quarter was up 13.1% compared to the same quarter last year.

Who are LTC Properties' major shareholders?

LTC Properties' top institutional investors include State Street Corp (7.30%), Geode Capital Management LLC (2.49%), Charles Schwab Investment Management Inc. (1.67%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (0.73%). Insiders that own company stock include Wendy Simpson, Clint B Malin, Caroline Chikhale, Timothy Triche, Boyd W Hendrickson and David L Gruber.
View institutional ownership trends.

How do I buy shares of LTC Properties?

Shares of LTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of LTC Properties own?

Based on aggregate information from My MarketBeat watchlists, some other companies that LTC Properties investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), Humana (HUM), The RMR Group (RMR), Voyager Therapeutics (VYGR) and AUO (AUOTY).

Company Calendar

• Last Earnings: 10/28/2024
• Today: 11/21/2024
• Ex-Dividend for 11/29 Dividend: 11/21/2024
• Dividend Payable: 11/29/2024
• Ex-Dividend for 12/31 Dividend: 12/23/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Specialized REITs
• Current Symbol: NYSE:LTC
• CUSIP: 50217510
• CIK: 887905
• Web: www.ltcreit.com
• Phone: (805) 981-8655
• Fax: 805-981-8663
• Employees: 20
• Year Founded: 1992

Price Target and Rating

• Average Stock Price Target: $37.00
• High Stock Price Target: $40.00
• Low Stock Price Target: $34.00
• Potential Upside/Downside: -3.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.33
• Trailing P/E Ratio: 16.46
• Forward P/E Ratio: 13.75
• P/E Growth: N/A
• Net Income: $89.74 million
• Net Margins: 48.77%
• Pretax Margin: 50.11%
• Return on Equity: 10.49%
• Return on Assets: 5.44%

Debt

• Debt-to-Equity Ratio: 0.75
• Current Ratio: 11.60
• Quick Ratio: 11.60

Sales & Book Value

• Annual Sales: $207.46 million
• Price / Sales: 8.37
• Cash Flow: $3.13 per share
• Price / Cash Flow: 12.25
• Book Value: $22.13 per share
• Price / Book: 1.73

Miscellaneous

• Outstanding Shares: 45,261,000
• Free Float: 44,356,000
• Market Cap: $1.74 billion
• Optionable: Optionable
• Beta: 0.90