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S&P 500   4,282.37
DOW   33,762.76
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Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Greek authorities rescue 91 migrants from river islet on border with Turkey
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Greek authorities rescue 91 migrants from river islet on border with Turkey
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Greek authorities rescue 91 migrants from river islet on border with Turkey
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
NYSE:LTC

LTC Properties (LTC) Stock Forecast, Price & News

$32.99
+0.70 (+2.17%)
(As of 06/2/2023 ET)
Compare
Today's Range
$32.57
$33.09
50-Day Range
$31.10
$35.13
52-Week Range
$30.87
$45.49
Volume
163,015 shs
Average Volume
184,398 shs
Market Capitalization
$1.37 billion
P/E Ratio
11.30
Dividend Yield
6.91%
Price Target
$38.00

LTC Properties MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
14.0% Upside
$37.63 Price Target
Short Interest
Bearish
2.40% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.36mentions of LTC Properties in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.91%
From $2.65 to $2.78 Per Share

Overall MarketRank

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

2.06 out of 5 stars

Finance Sector

642nd out of 871 stocks

Real Estate Investment Trusts Industry

138th out of 192 stocks


LTC stock logo

About LTC Properties (NYSE:LTC) Stock

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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LTC Stock News Headlines

Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
LTC Properties (NYSE:LTC) PT Lowered to $32.00
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
Analysts Set LTC Properties, Inc. (NYSE:LTC) PT at $38.89
JMP Securities Sticks to Its Buy Rating for American Homes (AMH)
Sabra Healthcare REIT (SBRA) Gets a Hold from JMP Securities
BMO Capital Remains a Buy on Ventas (VTR)
LTC Properties, Inc. Common Stock (LTC)
LTC Properties (NYSE:LTC) Price Target Cut to $34.00
LTC Properties, Inc. (NYSE:LTC) Short Interest Update
Barclays Reaffirms Their Sell Rating on LTC Properties (LTC)
Q1 2023 LTC Properties Inc Earnings Call
See More Headlines

LTC Price History

LTC Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 5/31 Dividend
5/22/2023
Dividend Payable
5/31/2023
Today
6/04/2023
Ex-Dividend for 6/30 Dividend
6/21/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
50217510
Employees
25
Year Founded
1992

Price Target and Rating

Average Stock Price Forecast
$37.63
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+15.2%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
6 Analysts

Profitability

Net Income
$100.02 million
Pretax Margin
65.07%

Debt

Sales & Book Value

Annual Sales
$175.15 million
Cash Flow
$3.44 per share
Book Value
$20.89 per share

Miscellaneous

Free Float
40,568,000
Market Cap
$1.37 billion
Optionable
Optionable
Beta
0.94

Key Executives

  • Wendy L. Simpson
    Chairman & Chief Executive Officer
  • Pamela J. Shelley-Kessler
    Co-President, Chief Financial Officer & Secretary
  • Clint B. Malin
    Co-President & Chief Investment Officer
  • Caroline L. Chikhale
    Treasurer, Chief Accounting Officer & Executive VP
  • Douglas A. Korey
    Managing Director-Business Development, SVP













LTC Stock - Frequently Asked Questions

Should I buy or sell LTC Properties stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LTC Properties in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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?

6 equities research analysts have issued twelve-month price objectives for LTC Properties' shares. Their LTC share price forecasts range from $32.00 to $47.00. On average, they expect the company's stock price to reach $37.63 in the next twelve months. This suggests a possible upside of 14.0% 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 7.1% and is now trading at $32.99.
View the best growth stocks for 2023 here
.

Are investors shorting LTC Properties?

LTC Properties saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 969,700 shares, an increase of 12.1% from the April 15th total of 865,000 shares. Based on an average daily trading volume, of 260,900 shares, the days-to-cover ratio is presently 3.7 days.
View LTC Properties' Short Interest
.

When is LTC Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our LTC earnings forecast
.

How were LTC Properties' earnings last quarter?

LTC Properties, Inc. (NYSE:LTC) released its earnings results on Thursday, April, 28th. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.62 by $0.26. The real estate investment trust had revenue of $40.80 million for the quarter, compared to analysts' expectations of $37.08 million. LTC Properties had a net margin of 64.51% and a trailing twelve-month return on equity of 14.16%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 earnings per share.

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

LTC Properties announced a monthly dividend on Wednesday, April 5th. Investors of record on Thursday, June 22nd will be given a dividend of $0.19 per share on Friday, June 30th. This represents a $2.28 annualized dividend and a dividend yield of 6.91%. The ex-dividend date is Wednesday, June 21st.
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 6.91%. LTC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 78.08%. 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 82.01% 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."

Who are LTC Properties' major shareholders?

LTC Properties' stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.85%), State Street Corp (8.19%), Bank of New York Mellon Corp (2.22%), Geode Capital Management LLC (2.08%), Charles Schwab Investment Management Inc. (1.49%) and Dimensional Fund Advisors LP (1.40%). Insiders that own company stock include Caroline Chikhale, Timothy Triche and Wendy Simpson.
View institutional ownership trends
.

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 $32.99.

How much money does LTC Properties make?

LTC Properties (NYSE:LTC) has a market capitalization of $1.37 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 $2.92 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 6/4/2023 by MarketBeat.com Staff

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