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

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 (EPS) guidance of 2.650-2.690 for the period, compared to the consensus estimate of 2.660. The company issued revenue guidance of -.

Analyst Ratings Changes

Separately, Wells Fargo & Company reduced their price target 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.

LTC Properties Stock Performance

Shares of LTC Properties stock traded down $0.33 during trading hours on Thursday, reaching $35.91. The company's stock had a trading volume of 73,899 shares, compared to its average volume of 305,543. The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.60. LTC Properties has a one year low of $31.70 and a one year high of $39.89. The company's 50 day simple moving average is $35.19 and its 200 day simple moving average is $35.68. The stock has a market cap of $1.65 billion, a P/E ratio of 15.41 and a beta of 0.68.

LTC Properties (NYSE:LTC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The company had revenue of $49.03 million during the quarter, compared to the consensus estimate of $44.43 million. During the same period in the prior year, the company posted $0.69 EPS. LTC Properties's quarterly revenue was down 4.5% on a year-over-year basis. As a group, analysts expect that LTC Properties will post 2.79 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 20th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $2.28 dividend on an annualized basis and a yield of 6.35%. LTC Properties's dividend payout ratio is currently 117.53%.

LTC Properties Company Profile

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.