Wedbush Estimates LTC Properties' FY2025 Earnings (NYSE:LTC)

LTC Properties, Inc. (NYSE:LTC - Free Report) - Analysts at Wedbush raised their FY2025 earnings per share (EPS) estimates for shares of LTC Properties in a research note issued to investors on Monday, November 4th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings of $2.74 per share for the year, up from their prior forecast of $2.73. Wedbush has a "Outperform" rating and a $40.00 price target on the stock. The consensus estimate for LTC Properties' current full-year earnings is $2.79 per share.

LTC Properties (NYSE:LTC - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.05). The company had revenue of $55.78 million for the quarter, compared to analyst estimates of $35.45 million. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The company's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 EPS.

Separately, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $37.00 target price (up previously from $36.00) on shares of LTC Properties in a research note on Tuesday, October 1st.

LTC Properties Stock Performance

LTC Properties stock traded down $0.01 during mid-day trading on Wednesday, hitting $37.93. 454,697 shares of the company's stock traded hands, compared to its average volume of 276,048. The firm has a 50 day moving average price of $36.62 and a 200 day moving average price of $35.42. 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 company has a market cap of $1.72 billion, a PE ratio of 16.28 and a beta of 0.90. LTC Properties has a one year low of $30.30 and a one year high of $39.64.

Institutional Investors Weigh In On LTC Properties

Institutional investors and hedge funds have recently modified their holdings of the stock. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of LTC Properties by 180.4% during the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 47,034 shares of the real estate investment trust's stock worth $1,623,000 after purchasing an additional 30,258 shares during the period. Cetera Advisors LLC purchased a new position in shares of LTC Properties during the first quarter valued at $276,000. Strategic Financial Concepts LLC grew its holdings in shares of LTC Properties by 3,401.1% during the second quarter. Strategic Financial Concepts LLC now owns 673,369 shares of the real estate investment trust's stock valued at $232,000 after buying an additional 654,136 shares in the last quarter. Millennium Management LLC grew its holdings in shares of LTC Properties by 33.7% during the second quarter. Millennium Management LLC now owns 111,188 shares of the real estate investment trust's stock valued at $3,836,000 after buying an additional 28,039 shares in the last quarter. Finally, MQS Management LLC purchased a new position in shares of LTC Properties during the second quarter valued at $550,000. 69.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at LTC Properties

In other news, Director Timothy Triche sold 5,000 shares of the business's stock in a transaction on Friday, August 30th. The stock was 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 of the company's stock, valued at approximately $1,258,326.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company's stock.

LTC Properties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date is Thursday, November 21st. LTC Properties's dividend payout ratio is presently 97.85%.

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.