NYSE:LTC

LTC Properties (LTC) Stock Price, News & Analysis

$33.96
+0.32 (+0.95%)
(As of 01:41 PM ET)
Today's Range
$33.68
$33.98
50-Day Range
$31.32
$33.64
52-Week Range
$30.30
$35.72
Volume
78,878 shs
Average Volume
286,701 shs
Market Capitalization
$1.48 billion
P/E Ratio
17.69
Dividend Yield
6.71%
Price Target
$33.40

LTC Properties MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
1.4% Downside
$33.40 Price Target
Short Interest
Healthy
3.31% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$97,607 Sold Last Quarter
Proj. Earnings Growth
2.27%
From $2.64 to $2.70 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.47 out of 5 stars

Finance Sector

664th out of 874 stocks

Real Estate Investment Trusts Industry

134th out of 180 stocks

LTC stock logo

About LTC Properties Stock (NYSE:LTC)

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.

LTC Stock Price History

LTC Stock News Headlines

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Proof that the Musk/Bezos rivalry is about to hit a new level
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LTC Properties Q1 FFO Rises
LTC Properties Declares Monthly Cash Dividend Of $0.19/shr For Q2
See More Headlines
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Company Calendar

Last Earnings
4/28/2022
Today
5/09/2024
Ex-Dividend for 5/31 Dividend
5/22/2024
Dividend Payable
5/31/2024
Ex-Dividend for 6/28 Dividend
6/20/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
CUSIP
50217510
Employees
23
Year Founded
1992

Price Target and Rating

Average Stock Price Target
$33.40
High Stock Price Target
$36.00
Low Stock Price Target
$29.00
Potential Upside/Downside
-0.7%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$89.74 million
Pretax Margin
41.48%

Debt

Sales & Book Value

Annual Sales
$199.11 million
Cash Flow
$3.14 per share
Book Value
$22.13 per share

Miscellaneous

Free Float
42,606,000
Market Cap
$1.46 billion
Optionable
Optionable
Beta
0.86
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Key Executives

  • Ms. Wendy L. Simpson (Age 75)
    Chairman & CEO
    Comp: $2.3M
  • Ms. Pamela J. Shelley-Kessler CPA (Age 58)
    CFO, Co-President & Corporate Secretary
    Comp: $1.2M
  • Mr. Clint B. Malin (Age 52)
    Chief Investment Officer & Co-President
    Comp: $1.2M
  • Ms. Caroline L. Chikhale (Age 47)
    Executive VP, Chief Accounting Officer & Treasurer
    Comp: $376.56k
  • Ms. Mandi M. Hogan
    Senior VP of Marketing, Investor Relations & ESG
  • Ms. Leanne Davis
    Human Resource Manager
  • Mr. Douglas A. Korey
    Executive VP & MD of Business Development
  • Mr. J. Gibson Satterwhite
    Senior Vice President of Asset Management
  • Ms. H. Rachel Son
    VP & Controller

LTC Stock Analysis - Frequently Asked Questions

Should I buy or sell LTC Properties stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for LTC Properties in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" LTC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LTC, but not buy additional shares or sell existing shares.
View LTC analyst ratings
or view top-rated stocks.

What is LTC Properties' stock price target for 2024?

5 analysts have issued 1-year price objectives for LTC Properties' shares. Their LTC share price targets range from $29.00 to $36.00. On average, they predict the company's share price to reach $33.40 in the next year. This suggests that the stock has a possible downside of 1.4%.
View analysts price targets for LTC
or view top-rated stocks among Wall Street analysts.

How have LTC shares performed in 2024?

LTC Properties' stock was trading at $32.12 at the beginning of the year. Since then, LTC stock has increased by 5.4% and is now trading at $33.87.
View the best growth stocks for 2024 here
.

When is LTC Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our LTC earnings forecast
.

How were LTC Properties' earnings last quarter?

LTC Properties, Inc. (NYSE:LTC) released its quarterly earnings results on Thursday, April, 28th. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.62 by $0.26. The real estate investment trust earned $40.80 million during the quarter, compared to analysts' expectations of $37.08 million. LTC Properties had a trailing twelve-month return on equity of 9.09% and a net margin of 40.60%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share.

How often does LTC Properties pay dividends? What is the dividend yield for LTC Properties?

LTC Properties announced a monthly dividend on Wednesday, April 3rd. Stockholders of record on Thursday, June 20th will be paid a dividend of $0.19 per share on Friday, June 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date is Thursday, June 20th.
Read our dividend analysis for LTC
.

Is LTC Properties a good dividend stock?

LTC Properties (NYSE:LTC) pays an annual dividend of $2.28 per share and currently has a dividend yield of 6.82%. LTC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 118.75%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, LTC will have a dividend payout ratio of 84.44% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for LTC.

What other stocks do shareholders of LTC Properties own?

Based on aggregate information from My MarketBeat watchlists, some companies that other LTC Properties investors own include AT&T (T), Realty Income (O), Exxon Mobil (XOM), Ventas (VTR), STAG Industrial (STAG), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Verizon Communications (VZ), EPR Properties (EPR).

Who are LTC Properties' major shareholders?

LTC Properties' stock is owned by a variety of institutional and retail investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (0.68%), Principal Financial Group Inc. (0.50%), New York State Teachers Retirement System (0.18%), GraniteShares Advisors LLC (0.12%), Keudell Morrison Wealth Management (0.10%) and Texas Permanent School Fund Corp (0.08%). Insiders that own company stock include Boyd W Hendrickson, Caroline Chikhale, David L Gruber, Pamela Shelley-Kessler, Timothy Triche and Wendy Simpson.
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.

This page (NYSE:LTC) was last updated on 5/9/2024 by MarketBeat.com Staff

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