LTC Properties (NYSE:LTC - Get Free Report) will likely be releasing its Q1 2025 earnings data after the market closes on Monday, May 5th. Analysts expect the company to announce earnings of $0.66 per share and revenue of $44.43 million for the quarter.
LTC Properties (NYSE:LTC - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.07. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The company had revenue of $34.81 million for the quarter, compared to analyst estimates of $45.25 million. 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 Price Performance
Shares of NYSE:LTC traded down $0.44 during midday trading on Friday, reaching $35.27. The company's stock had a trading volume of 403,229 shares, compared to its average volume of 303,326. The business's fifty day simple moving average is $35.14 and its 200-day simple moving average is $35.69. The company has a market capitalization of $1.62 billion, a P/E ratio of 15.14 and a beta of 0.74. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60. LTC Properties has a fifty-two week low of $31.70 and a fifty-two week high of $39.89.
LTC Properties Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 20th will be paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date is Friday, June 20th. LTC Properties's dividend payout ratio is presently 111.22%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Citizens Jmp upgraded shares of LTC Properties from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. JMP Securities upgraded LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 price target on the stock in a report on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their price objective on LTC Properties from $38.00 to $36.00 and set an "equal weight" rating for the company in a report on Monday, March 10th.
Read Our Latest Report on LTC
About LTC Properties
(
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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.
Further Reading
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