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

$32.43
-0.01 (-0.03%)
(As of 04:31 PM ET)
Compare
Today's Range
$32.33
$32.78
50-Day Range
$30.68
$33.09
52-Week Range
$30.50
$40.03
Volume
208,903 shs
Average Volume
242,839 shs
Market Capitalization
$1.34 billion
P/E Ratio
16.80
Dividend Yield
7.03%
Price Target
$34.78

LTC Properties MarketRank™ Stock Analysis

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
6.8% Upside
$34.78 Price Target
Short Interest
Healthy
2.19% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$504,370 Sold Last Quarter
Proj. Earnings Growth
2.65%
From $2.64 to $2.71 Per Share

Overall MarketRank

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

1.79 out of 5 stars

Finance Sector

726th out of 853 stocks

Real Estate Investment Trusts Industry

152nd out of 179 stocks


LTC stock logo

About LTC Properties Stock (NYSE:LTC)

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 208 properties in 27 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 Stock Price History

LTC Stock News Headlines

Analysts Set LTC Properties, Inc. (NYSE:LTC) PT at $34.78
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Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
LTC Properties Inc LTC
Q3 2023 LTC Properties Inc Earnings Call
3 REITs That Just Beat Analysts' Estimates
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
LTC Properties Inc (LTC) Announces Q3 2023 Earnings
LTC Properties Q3 Profit Rises
Here's what to expect from LTC Properties's earnings
LTC Properties Inc's Dividend Analysis
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LTC Properties goes ex-dividend tomorrow
Jefferies Sticks to Its Hold Rating for LTC Properties (LTC)
Unveiling the Dividend Prospects of LTC Properties Inc
See More Headlines
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Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 11/30 Dividend
11/21/2023
Today
11/29/2023
Dividend Payable
11/30/2023
Ex-Dividend for 12/29 Dividend
12/20/2023
Dividend Payable
12/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/15/2024

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 Target
$34.78
High Stock Price Target
$38.00
Low Stock Price Target
$29.00
Potential Upside/Downside
+6.7%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$100.02 million
Pretax Margin
41.56%

Debt

Sales & Book Value

Annual Sales
$175.15 million
Cash Flow
$3.45 per share
Book Value
$20.78 per share

Miscellaneous

Free Float
40,584,000
Market Cap
$1.35 billion
Optionable
Optionable
Beta
0.93
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Key Executives

  • Ms. Wendy L. Simpson (Age 74)
    Chairman & CEO
    Comp: $2.16M
  • Ms. Pamela J. Shelley-Kessler CPA (Age 57)
    CFO, Co-President & Corporate Secretary
    Comp: $1.13M
  • Mr. Clint B. Malin (Age 51)
    Chief Investment Officer & Co-President
    Comp: $1.13M
  • Ms. Caroline L. Chikhale (Age 46)
    Executive VP, Chief Accounting Officer & Treasurer
    Comp: $376.56k
  • Ms. Mandi M. Hogan
    Senior VP of Marketing, Investor Relations & ESG
  • Ms. Leanne Davis
    Human Resource Manager
  • Mr. Douglas A. Korey
    Executive VP & MD of Business Development
  • Mr. J. Gibson Satterwhite
    Senior Vice President of Asset Management
  • Ms. H. Rachel Son
    VP & Controller














LTC Stock Analysis - Frequently Asked Questions

Should I buy or sell LTC Properties stock right now?

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.
View LTC analyst ratings
or view top-rated stocks.

What is LTC Properties' stock price target for 2024?

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.
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 8.7% and is now trading at $32.43.
View the best growth stocks for 2023 here
.

Are investors shorting LTC Properties?

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
.

When is LTC Properties' next earnings date?

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

How were LTC Properties' earnings last quarter?

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.

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

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
.

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 7.01%. 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.

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).

Who are LTC Properties' major shareholders?

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.
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.

This page (NYSE:LTC) was last updated on 11/29/2023 by MarketBeat.com Staff

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