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) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share guidance of 2.670-2.71 for the period, compared to the consensus earnings per share estimate of 2.634. The company issued revenue guidance of -.

LTC Properties Trading Up 0.9%

Shares of LTC stock traded up $0.33 during trading on Friday, hitting $35.64. 54,735 shares of the stock traded hands, compared to its average volume of 347,538. The firm has a market capitalization of $1.64 billion, a P/E ratio of 19.58 and a beta of 0.66. The company has a debt-to-equity ratio of 0.67, a current ratio of 9.06 and a quick ratio of 10.55. The firm's fifty day moving average price is $35.06 and its 200-day moving average price is $35.04. LTC Properties has a 52-week low of $31.70 and a 52-week high of $39.89.

LTC Properties (NYSE:LTC - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. The firm had revenue of $30.18 million for the quarter, compared to analyst estimates of $49.97 million. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. The business's revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. As a group, research analysts forecast 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. This represents a dividend yield of 647.0%. The ex-dividend date of this dividend was Wednesday, July 23rd. LTC Properties's payout ratio is 125.27%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wedbush raised shares of LTC Properties to a "strong-buy" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $36.00 target price on shares of LTC Properties in a research note on Monday, May 19th. Finally, JMP Securities upped their target price on shares of LTC Properties from $40.00 to $43.00 and gave the stock a "market outperform" rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $38.75.

Insider Buying and Selling

In other news, EVP David M. Boitano purchased 6,000 shares of the stock in a transaction on Friday, June 27th. The stock was bought at an average price of $34.71 per share, for a total transaction of $208,260.00. Following the acquisition, the executive vice president directly owned 15,626 shares of the company's stock, valued at approximately $542,378.46. The trade was a 62.33% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in LTC Properties stock. AQR Capital Management LLC grew its stake in LTC Properties, Inc. (NYSE:LTC - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,259 shares of the real estate investment trust's stock after buying an additional 806 shares during the period. AQR Capital Management LLC owned 0.06% of LTC Properties worth $1,037,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.