Wedbush Estimates LTC Properties' FY2025 Earnings (NYSE:LTC)

LTC Properties, Inc. (NYSE:LTC - Free Report) - Investment analysts at Wedbush cut their FY2025 earnings estimates for shares of LTC Properties in a research report issued on Wednesday, May 7th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings of $2.67 per share for the year, down from their prior forecast of $2.71. The consensus estimate for LTC Properties' current full-year earnings is $2.79 per share. Wedbush also issued estimates for LTC Properties' FY2026 earnings at $2.70 EPS.

LTC Properties (NYSE:LTC - Get Free Report) last issued its earnings results 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). The company had revenue of $49.03 million during the quarter, compared to analyst estimates of $44.43 million. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The business's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS.

Separately, Wells Fargo & Company cut their target price on shares of LTC Properties from $38.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Monday, March 10th.

LTC Properties Stock Down 0.1%

Shares of LTC Properties stock traded down $0.02 during trading on Thursday, reaching $35.48. The company had a trading volume of 168,397 shares, compared to its average volume of 306,811. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 15.23 and a beta of 0.68. The firm's fifty day moving average is $35.18 and its 200-day moving average is $35.68. 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 fifty-two week low of $31.70 and a fifty-two week high of $39.89.

LTC Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Investors 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 annualized dividend and a yield of 6.43%. LTC Properties's dividend payout ratio (DPR) is 117.53%.

Institutional Investors Weigh In On LTC Properties

Several institutional investors and hedge funds have recently bought and sold shares of LTC. Barclays PLC raised its stake in LTC Properties by 148.8% during the third quarter. Barclays PLC now owns 87,972 shares of the real estate investment trust's stock worth $3,228,000 after acquiring an additional 52,619 shares during the period. JPMorgan Chase & Co. raised its stake in LTC Properties by 80.4% during the third quarter. JPMorgan Chase & Co. now owns 253,807 shares of the real estate investment trust's stock worth $9,312,000 after acquiring an additional 113,100 shares during the period. GAMMA Investing LLC raised its stake in LTC Properties by 35.3% during the fourth quarter. GAMMA Investing LLC now owns 2,443 shares of the real estate investment trust's stock worth $84,000 after acquiring an additional 638 shares during the period. Exchange Traded Concepts LLC raised its stake in LTC Properties by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 48,430 shares of the real estate investment trust's stock worth $1,673,000 after acquiring an additional 1,987 shares during the period. Finally, Ausbil Investment Management Ltd bought a new position in LTC Properties in the 4th quarter worth about $334,000. 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.