LTC Properties (NYSE:LTC) Issues FY 2025 Earnings Guidance

Key Points

• LTC Properties has updated its FY 2025 earnings guidance, projecting an EPS of $2.670-2.71, exceeding the consensus estimate of $2.634.
• Royal Bank of Canada and Wedbush have given conflicting ratings, with RBC maintaining a "sector perform" rating and a price target of $36.00, while Wedbush upgraded the stock to "strong-buy."
• The company announced a dividend of $0.19 per share, with a high dividend payout ratio of 117.53%, indicating heavy returns to shareholders.

LTC Properties (NYSE:LTC - Get Free Report) updated its FY 2025 earnings guidance on Monday. The company provided EPS guidance of 2.670-2.71 for the period, compared to the consensus EPS estimate of 2.634. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $36.00 price target on shares of LTC Properties in a research note on Monday, May 19th. Wedbush raised LTC Properties to a "strong-buy" rating in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, LTC Properties currently has a consensus rating of "Buy" and an average target price of $38.00.

LTC Properties Price Performance

Shares of NYSE:LTC traded up $0.36 on Monday, reaching $34.65. 390,306 shares of the company traded hands, compared to its average volume of 345,685. LTC Properties has a fifty-two week low of $31.70 and a fifty-two week high of $39.89. The company's 50 day moving average is $35.08 and its 200-day moving average is $35.03. The stock has a market capitalization of $1.59 billion, a PE ratio of 17.86 and a beta of 0.66. The company has a debt-to-equity ratio of 0.65, a current ratio of 10.55 and a quick ratio of 10.55.

LTC Properties (NYSE:LTC - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). The business had revenue of $49.03 million during the quarter, compared to analysts' expectations of $44.43 million. LTC Properties had a net margin of 42.16% and a return on equity of 8.48%. LTC Properties's revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 EPS. As a group, analysts anticipate that LTC Properties will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 24th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, July 23rd. This represents a dividend yield of 647.0%. LTC Properties's dividend payout ratio is 117.53%.

Insider Buying and Selling at LTC Properties

In related news, EVP David M. Boitano purchased 6,000 shares of the company's stock in a transaction dated Friday, June 27th. The shares were acquired at an average cost of $34.71 per share, with a total value of $208,260.00. Following the completion of the purchase, the executive vice president owned 15,626 shares of the company's stock, valued at $542,378.46. The trade was a 62.33% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company's stock.

Hedge Funds Weigh In On LTC Properties

A hedge fund recently raised its stake in LTC Properties stock. AQR Capital Management LLC grew its holdings in LTC Properties, Inc. (NYSE:LTC - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,259 shares of the real estate investment trust's stock after purchasing an additional 806 shares during the quarter. AQR Capital Management LLC owned about 0.06% of LTC Properties worth $1,037,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 69.25% of the company's stock.

About LTC Properties

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.

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