LTC Properties (LTC) Stock Forecast, Price & News

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.

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.
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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 12.7% and is now trading at $31.00.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our LTC earnings forecast.

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.

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.

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).

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.

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."

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 $31.00.

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.

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.