LTC Properties (NYSE:LTC - Get Free Report) issued its earnings results on Monday. The real estate investment trust reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.01, Zacks reports. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. The firm had revenue of $30.18 million during the quarter, compared to analyst estimates of $49.97 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. LTC Properties's revenue for the quarter was up 20.2% on a year-over-year basis. LTC Properties updated its FY 2025 guidance to 2.670-2.71 EPS.
LTC Properties Trading Up 0.9%
Shares of NYSE:LTC traded up $0.33 during trading hours on Friday, hitting $35.64. 72,602 shares of the company's stock traded hands, compared to its average volume of 347,627. 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 business has a fifty day moving average price of $35.06 and a 200-day moving average price of $35.04. LTC Properties has a 1 year low of $31.70 and a 1 year high of $39.89. The firm has a market capitalization of $1.64 billion, a P/E ratio of 19.60 and a beta of 0.66.
LTC Properties Announces Dividend
The company also recently disclosed a dividend, which was paid on Thursday, July 31st. Shareholders 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 yield of 647.0%. LTC Properties's dividend payout ratio (DPR) is presently 125.27%.
Analyst Upgrades and Downgrades
LTC has been the subject of a number of research reports. Wedbush raised LTC Properties to a "strong-buy" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada reiterated a "sector perform" rating and set a $36.00 target price on shares of LTC Properties in a research report on Monday, May 19th. Finally, JMP Securities boosted their price target on shares of LTC Properties from $40.00 to $43.00 and gave the stock a "market outperform" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, LTC Properties currently has a consensus rating of "Buy" and an average target price of $38.75.
Read Our Latest Research Report on LTC Properties
Insider Buying and Selling at LTC Properties
In related news, EVP David M. Boitano purchased 6,000 shares of the business's stock in a transaction dated Friday, June 27th. The shares were purchased at an average cost of $34.71 per share, for a total transaction of $208,260.00. Following the completion of the acquisition, the executive vice president owned 15,626 shares in the company, valued at approximately $542,378.46. This trade represents a 62.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.10% of the company's stock.
Institutional Trading of LTC Properties
An institutional investor recently raised its position in LTC Properties stock. AQR Capital Management LLC lifted its holdings in LTC Properties, Inc. (NYSE:LTC - Free Report) by 2.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 29,259 shares of the real estate investment trust's stock after purchasing an additional 806 shares during the period. AQR Capital Management LLC owned about 0.06% of LTC Properties worth $1,037,000 at the end of the most recent quarter. Institutional investors own 69.25% of the company's stock.
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.
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