LTC Properties (NYSE:LTC - Get Free Report) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 2.650-2.690 for the period, compared to the consensus EPS estimate of 2.660. The company issued revenue guidance of -.
LTC Properties Stock Up 0.3 %
Shares of NYSE:LTC traded up $0.11 during midday trading on Friday, reaching $35.93. The company had a trading volume of 247,843 shares, compared to its average volume of 307,342. LTC Properties has a 1-year low of $31.70 and a 1-year high of $39.89. The stock has a market cap of $1.65 billion, a PE ratio of 15.42 and a beta of 0.68. The company has a quick ratio of 11.60, a current ratio of 11.60 and a debt-to-equity ratio of 0.75. The business's 50 day moving average price is $35.19 and its 200 day moving average price is $35.68.
LTC Properties (NYSE:LTC - Get Free Report) last announced its quarterly earnings data 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). LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The company had revenue of $49.03 million for the quarter, compared to the consensus estimate of $44.43 million. During the same quarter in the prior year, the company earned $0.69 EPS. The company's revenue for the quarter was down 4.5% on a year-over-year basis. Research analysts forecast that LTC Properties will post 2.79 EPS for the current fiscal year.
LTC Properties Announces Dividend
The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.28 annualized dividend and a yield of 6.35%. LTC Properties's dividend payout ratio is 117.53%.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company decreased their target price on LTC Properties from $38.00 to $36.00 and set an "equal weight" rating on the stock in a report on Monday, March 10th.
Get Our Latest Analysis on LTC Properties
LTC Properties Company Profile
(
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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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