LTC Properties Stock Price, News & Analysis (NYSE:LTC)

7 Wall Street 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 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.
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7 analysts have issued 12 month target prices for LTC Properties' stock. Their LTC share price targets 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 7.2% from the stock's current price.
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LTC Properties' stock was trading at $35.53 at the start of the year. Since then, LTC shares have decreased by 8.7% and is now trading at $32.43.
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LTC Properties saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 885,900 shares, a decrease of 10.2% from the October 15th total of 986,900 shares. Based on an average daily volume of 225,900 shares, the short-interest ratio is presently 3.9 days.
View LTC Properties' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our LTC earnings forecast.

LTC Properties, Inc. (NYSE:LTC) announced its quarterly earnings data on Thursday, April, 28th. The real estate investment trust reported $0.36 earnings per share 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 trailing twelve-month return on equity of 9.25% and a net margin of 40.76%. The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 earnings per share.

LTC Properties announced a monthly dividend on Wednesday, October 4th. Stockholders of record on Thursday, December 21st will be paid a dividend of $0.19 per share on Friday, December 29th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.03%. The ex-dividend date is Wednesday, December 20th.
Read our dividend analysis for LTC.

LTC Properties (NYSE:LTC) pays an annual dividend of $2.28 per share and currently has a dividend yield of 7.01%. LTC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 118.13%. 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 84.13% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for LTC.

ETFs with the largest weight of LTC Properties (NYSE:LTC) stock in their portfolio include Global X SuperDividend REIT ETF (SRET), GraniteShares HIPS US High Income ETF (HIPS), SPDR S&P Global Dividend ETF (WDIV), ETC 6 Meridian Small Cap Equity ETF (SIXS), Residential REIT ETF (HAUS), Invesco S&P SmallCap Low Volatility ETF (XSLV), First Trust Multi-Asset Diversified Income Index Fund (MDIV) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM).

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).

LTC Properties' stock is owned by a variety of retail and institutional investors. Top institutional investors include Bank of New York Mellon Corp (2.41%), Charles Schwab Investment Management Inc. (1.56%), Northern Trust Corp (1.45%), Morgan Stanley (1.29%), Advisors Capital Management LLC (1.01%) and Legal & General Group Plc (0.91%). Insiders that own company stock include Caroline Chikhale, David L Gruber, Pamela Shelley-Kessler, Timothy Triche and Wendy Simpson.
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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.
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