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LTC Properties (LTC) Stock Forecast, Price & News

$31.02
-0.48 (-1.52%)
(As of 10/3/2023 ET)
Compare
Today's Range
$30.92
$31.75
50-Day Range
$30.73
$35.52
52-Week Range
$30.73
$40.52
Volume
325,782 shs
Average Volume
249,940 shs
Market Capitalization
$1.28 billion
P/E Ratio
18.14
Dividend Yield
7.35%
Price Target
$34.63

LTC Properties MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
12.2% Upside
$34.78 Price Target
Short Interest
Bearish
2.61% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.67mentions of LTC Properties in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.41%
From $2.64 to $2.73 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.05 out of 5 stars

Finance Sector

805th out of 872 stocks

Real Estate Investment Trusts Industry

167th out of 183 stocks


LTC stock logo

About LTC Properties (NYSE:LTC) Stock

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 213 properties in 29 states with 29 operating partners. Based on its gross real estate investments, LTC's investment portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.

LTC Price History

LTC Stock News Headlines

Nursing Home REITs: The Surprise Heroes of High Yield Investing (LTC)
Income seekers are finding value and yield in nursing home REITs Omega, Sabra and LTC Properties, as they offer stable dividends and tax benefits.
Analysts Say to Sell These 6.3%-12.6% Dividends, But…
The Ultimate Passive Income Play
The #1 income play for 2023 is NOT a stock, bond or private company... Rather, it's a little-known alternative investment that could hand you big monthly income from oil and gas.
LTC Properties (NYSE:LTC) Research Coverage Started at Berenberg Bank
Has Coinbase (NASDAQ: COIN) Lost Its FOMO Appeal?
The Ultimate Passive Income Play
The #1 income play for 2023 is NOT a stock, bond or private company... Rather, it's a little-known alternative investment that could hand you big monthly income from oil and gas.
LTC Properties goes ex-dividend tomorrow
Jefferies Sticks to Its Hold Rating for LTC Properties (LTC)
Unveiling the Dividend Prospects of LTC Properties Inc
Magnificent Monthly Mailbox Money
City Office REIT (CIO) Gets a Hold from RBC Capital
RBC Capital Reaffirms Their Hold Rating on LTC Properties (LTC)
LTC Properties (LTC) Receives a Hold from JMP Securities
Q2 2023 LTC Properties Inc Earnings Call
BMO Capital Reaffirms Their Sell Rating on LTC Properties (LTC)
LTC Properties Q2 Income Retreats, misses estimates
See More Headlines
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LTC Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 9/29 Dividend
9/20/2023
Dividend Payable
9/29/2023
Today
10/03/2023
Ex-Dividend for 10/31 Dividend
10/20/2023
Next Earnings (Estimated)
10/26/2023
Dividend Payable
10/31/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
50217510
Employees
24
Year Founded
1992

Price Target and Rating

Average Stock Price Forecast
$34.78
High Stock Price Forecast
$38.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
+11.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$100.02 million
Pretax Margin
37.95%

Debt

Sales & Book Value

Annual Sales
$175.15 million
Cash Flow
$3.32 per share
Book Value
$20.99 per share

Miscellaneous

Free Float
40,581,000
Market Cap
$1.28 billion
Optionable
Optionable
Beta
0.92
Beginners Guide To Retirement Stocks Cover

Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report

Key Executives

  • Ms. Wendy L. Simpson (Age 74)
    Chairman & CEO
    Comp: $2.16M
  • Ms. Pamela J. Shelley-Kessler CPA (Age 57)
    CPA, CFO, Co-Pres & Corp. Sec.
    Comp: $1.13M
  • Mr. Clint B. Malin (Age 51)
    Chief Investment Officer & Co-Pres
    Comp: $1.13M
  • Ms. Caroline L. Chikhale (Age 46)
    Exec. VP, Chief Accounting Officer & Treasurer
  • Ms. Mandi M. Hogan
    Sr. VP of Marketing, Investor Relations & ESG
  • Ms. Leanne Davis
    Human Resource Mang.
  • Mr. Douglas A. Korey
    Exec. VP & MD of Bus. Devel.
  • Mr. J. Gibson Satterwhite
    Sr. VP of Asset Management
  • Ms. H. Rachel Son
    VP & Controller













LTC Stock - Frequently Asked Questions

Should I buy or sell LTC Properties stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for LTC Properties in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LTC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LTC, but not buy additional shares or sell existing shares.
View LTC analyst ratings
or view top-rated stocks.

What is LTC Properties' stock price forecast for 2023?

7 brokers have issued twelve-month price targets for LTC Properties' stock. Their LTC share price forecasts range from $29.00 to $38.00. On average, they expect the company's share price to reach $34.78 in the next year. This suggests a possible upside of 12.2% from the stock's current price.
View analysts price targets for LTC
or view top-rated stocks among Wall Street analysts.

How have LTC shares performed in 2023?

LTC Properties' stock was trading at $35.53 at the start of the year. Since then, LTC shares have decreased by 12.7% and is now trading at $31.00.
View the best growth stocks for 2023 here
.

When is LTC Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our LTC earnings forecast
.

How were LTC Properties' earnings last quarter?

LTC Properties, Inc. (NYSE:LTC) announced its quarterly earnings results on Thursday, April, 28th. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.62 by $0.26. The real estate investment trust had revenue of $40.80 million for the quarter, compared to the consensus estimate of $37.08 million. LTC Properties had a net margin of 37.24% and a trailing twelve-month return on equity of 8.28%. The business's revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share.

How often does LTC Properties pay dividends? What is the dividend yield for LTC Properties?

LTC Properties declared a monthly dividend on Monday, October 2nd. Shareholders of record on Monday, October 23rd will be given a dividend of $0.19 per share on Tuesday, October 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date of this dividend is Friday, October 20th.
Read our dividend analysis for LTC
.

Is LTC Properties a good dividend stock?

LTC Properties (NYSE:LTC) pays an annual dividend of $2.28 per share and currently has a dividend yield of 7.10%. LTC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 133.33%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, LTC will have a dividend payout ratio of 83.52% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for LTC.

What other stocks do shareholders of LTC Properties own?

Based on aggregate information from My MarketBeat watchlists, some companies that other LTC Properties investors own include AT&T (T), Realty Income (O), Exxon Mobil (XOM), Ventas (VTR), STAG Industrial (STAG), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Verizon Communications (VZ), EPR Properties (EPR).

What is LTC Properties' stock symbol?

LTC Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "LTC."

How do I buy shares of LTC Properties?

Shares of LTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is LTC Properties' stock price today?

One share of LTC stock can currently be purchased for approximately $31.00.

How much money does LTC Properties make?

LTC Properties (NYSE:LTC) has a market capitalization of $1.28 billion and generates $175.15 million in revenue each year. The real estate investment trust earns $100.02 million in net income (profit) each year or $1.71 on an earnings per share basis.

How can I contact LTC Properties?

LTC Properties' mailing address is 2829 TOWNSGATE ROAD SUITE 350, WESTLAKE VILLAGE CA, 91361. The official website for the company is www.ltcreit.com. The real estate investment trust can be reached via phone at (805) 981-8655, via email at investor.relations@ltcproperties.com, or via fax at 805-981-8663.

This page (NYSE:LTC) was last updated on 10/3/2023 by MarketBeat.com Staff

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