LTC Properties (NYSE:LTC) Posts Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• LTC Properties reported quarterly earnings of $0.68 EPS, surpassing analysts' expectations by $0.01, and experienced a 20.2% year-over-year revenue growth.
• The company announced a $0.19 dividend per share, resulting in a remarkable yield of 647.0%, despite a payout ratio of 117.53%.
• Research analysts have given LTC Properties a consensus rating of "Buy"** with a target price of $38.00, indicating positive sentiment towards the stock's performance.

LTC Properties (NYSE:LTC - Get Free Report) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.01, Zacks reports. LTC Properties had a return on equity of 8.48% and a net margin of 42.16%. LTC Properties's quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the firm earned $0.45 EPS. LTC Properties updated its FY 2025 guidance to 2.670-2.71 EPS.

LTC Properties Trading Up 1.0%

NYSE:LTC traded up $0.36 during trading hours on Monday, hitting $34.65. The company had a trading volume of 391,440 shares, compared to its average volume of 398,074. LTC Properties has a 1 year low of $31.70 and a 1 year high of $39.89. The company has a current ratio of 10.55, a quick ratio of 10.55 and a debt-to-equity ratio of 0.65. The company has a market cap of $1.59 billion, a P/E ratio of 17.86 and a beta of 0.66. The company has a 50-day moving average of $35.08 and a 200 day moving average of $35.03.

LTC Properties Dividend Announcement

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

Wall Street Analyst Weigh In

LTC has been the topic of a number of research analyst reports. Wedbush raised LTC Properties to a "strong-buy" rating in a research note on Wednesday, July 2nd. Royal Bank Of Canada restated a "sector perform" rating and issued a $36.00 target price on shares of LTC Properties in a report on Monday, May 19th. Two equities research 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $38.00.

Insider Buying and Selling

In other LTC Properties news, EVP David M. Boitano bought 6,000 shares of LTC Properties stock in a transaction on Friday, June 27th. The shares were bought at an average price of $34.71 per share, for a total transaction of $208,260.00. Following the completion of the transaction, the executive vice president directly owned 15,626 shares of the company's stock, valued at $542,378.46. This trade represents a 62.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LTC Properties

A hedge fund recently raised its stake in LTC Properties stock. Royal Bank of Canada raised its holdings in LTC Properties, Inc. (NYSE:LTC - Free Report) by 37.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,344 shares of the real estate investment trust's stock after purchasing an additional 5,840 shares during the quarter. Royal Bank of Canada's holdings in LTC Properties were worth $757,000 as of its most recent SEC filing. 69.25% of the stock is owned by hedge funds and other institutional investors.

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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