LTC Properties (LTC) Stock Forecast, Price & News

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.

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.

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.
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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.

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

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.

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.

ETFs with the largest weight of LTC Properties (NYSE:LTC) stock in their portfolio include Global X SuperDividend REIT ETF (SRET), Hoya Capital High Dividend Yield ETF (RIET), ETC 6 Meridian Small Cap Equity ETF (SIXS), SPDR S&P Global Dividend ETF (WDIV), Hypatia Women CEO ETF (WCEO), Cambria Global Real Estate ETF (BLDG), Invesco S&P SmallCap Low Volatility ETF (XSLV) and First Trust Multi-Asset Diversified Income Index Fund (MDIV).

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.

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

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.

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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One share of LTC stock can currently be purchased for approximately $32.99.

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.

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.