NYSE:LTC LTC Properties (LTC) Stock Forecast, Price & News $32.99 +0.70 (+2.17%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$32.57▼$33.0950-Day Range$31.10▼$35.1352-Week Range$30.87▼$45.49Volume163,015 shsAverage Volume184,398 shsMarket Capitalization$1.37 billionP/E Ratio11.30Dividend Yield6.91%Price Target$38.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media LTC Properties MarketRank™ ForecastAnalyst RatingHold2.29 Rating ScoreUpside/Downside14.0% Upside$37.63 Price TargetShort InterestBearish2.40% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.36Based on 10 Articles This WeekInsider TradingN/AProj. Earnings Growth4.91%From $2.65 to $2.78 Per ShareSee Full Details Hide Full Details 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 starsFinance Sector642nd out of 871 stocksReal Estate Investment Trusts Industry138th out of 192 stocks 2.2 Analyst's Opinion Consensus RatingLTC Properties has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 3 buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $37.63, LTC Properties has a forecasted upside of 14.0% from its current price of $32.99.Amount of Analyst CoverageLTC Properties has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.40% of the outstanding shares of LTC Properties have been sold short.Short Interest Ratio / Days to CoverLTC Properties has a short interest ratio ("days to cover") of 4.1.Change versus previous monthShort interest in LTC Properties has recently increased by 2.28%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend LeadershipLTC Properties is a leading dividend payer. It pays a dividend yield of 6.91%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthLTC Properties does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of LTC Properties is 78.08%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, LTC Properties will have a dividend payout ratio of 82.01% in the coming year. This indicates that LTC Properties may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for LTC. Previous Next 3.0 News and Social Media Coverage News SentimentLTC Properties has a news sentiment score of 0.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 10 news articles for LTC Properties this week, compared to 3 articles on an average week.Search Interest20 people have searched for LTC on MarketBeat in the last 30 days. This is an increase of 5% compared to the previous 30 days.MarketBeat Follows16 people have added LTC Properties to their MarketBeat watchlist in the last 30 days. This is an increase of 60% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, LTC Properties insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.00% of the stock of LTC Properties is held by insiders.Percentage Held by Institutions72.68% of the stock of LTC Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for LTC Properties are expected to grow by 4.91% in the coming year, from $2.65 to $2.78 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of LTC Properties is 11.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.20.Price to Earnings Ratio vs. SectorThe P/E ratio of LTC Properties is 11.30, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 157.29.Price to Book Value per Share RatioLTC Properties has a P/B Ratio of 1.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About LTC Properties (NYSE:LTC) StockLTC 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.Read More Receive LTC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for LTC Properties and its competitors with MarketBeat's FREE daily newsletter. Email Address LTC Stock News HeadlinesJune 3, 2023 | americanbankingnews.comFinancial Comparison: Transcontinental Realty Investors (NYSE:TCI) & LTC Properties (NYSE:LTC)May 31, 2023 | msn.comRBC Capital Maintains LTC Properties (LTC) Sector Perform RecommendationJune 4, 2023 | Legacy Research (Affiliate) (Ad)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.May 30, 2023 | americanbankingnews.comLTC Properties (NYSE:LTC) PT Lowered to $32.00May 29, 2023 | incomeinvestors.comUndervalued, 7%-Yielding LTC Properties Stock Has 25% UpsideMay 25, 2023 | finance.yahoo.comLTC to Participate in Nareit’s REITWeek 2023 Investor ConferenceMay 18, 2023 | americanbankingnews.comLTC Properties (NYSE:LTC) Earns Hold Rating from Analysts at StockNews.comMay 17, 2023 | msn.comLTC Properties: Needs More Time To Get BackJune 4, 2023 | Legacy Research (Affiliate) (Ad)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.May 13, 2023 | americanbankingnews.comAnalysts Set LTC Properties, Inc. (NYSE:LTC) PT at $38.89May 12, 2023 | markets.businessinsider.comJMP Securities Sticks to Its Buy Rating for American Homes (AMH)May 11, 2023 | msn.comWells Fargo Maintains LTC Properties (LTC) Equal-Weight RecommendationMay 11, 2023 | markets.businessinsider.comSabra Healthcare REIT (SBRA) Gets a Hold from JMP SecuritiesMay 10, 2023 | markets.businessinsider.comJMP Securities Reaffirms Their Hold Rating on Innovative Industrial Properties (IIPR)May 9, 2023 | markets.businessinsider.comBMO Capital Remains a Buy on Ventas (VTR)May 7, 2023 | americanbankingnews.comLTC Properties' (LTC) Maintains Rating Reiterated at VNET GroupMay 6, 2023 | nasdaq.comLTC Properties, Inc. Common Stock (LTC)May 5, 2023 | americanbankingnews.comLTC Properties (NYSE:LTC) Price Target Cut to $34.00May 4, 2023 | americanbankingnews.comLTC Properties, Inc. (NYSE:LTC) Short Interest UpdateMay 3, 2023 | msn.comBarclays Maintains LTC Properties (LTC) Underweight RecommendationMay 3, 2023 | markets.businessinsider.comBarclays Reaffirms Their Sell Rating on LTC Properties (LTC)May 3, 2023 | markets.businessinsider.comJMP Securities Sticks to Their Buy Rating for Invitation Homes (INVH)May 2, 2023 | markets.businessinsider.comJMP Securities Sticks to Its Hold Rating for LTC Properties (LTC)April 29, 2023 | americanbankingnews.comLTC Properties (NYSE:LTC) Price Target Lowered to $36.00 at Stifel NicolausApril 29, 2023 | finance.yahoo.comQ1 2023 LTC Properties Inc Earnings CallApril 27, 2023 | msn.comLTC Properties posts Q1 revenue beat, helped by higher rental incomeApril 27, 2023 | finance.yahoo.comLTC Reports 2023 First Quarter Results and Discusses Recent ActivitiesSee More Headlines LTC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart LTC Company Calendar Last Earnings4/28/2022Ex-Dividend for 5/31 Dividend5/22/2023Dividend Payable5/31/2023Today6/04/2023Ex-Dividend for 6/30 Dividend6/21/2023Dividend Payable6/30/2023Next Earnings (Estimated)7/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustrySpecialized REITs SectorFinance Current SymbolNYSE:LTC CUSIP50217510 CIK887905 Webwww.ltcreit.com Phone(805) 981-8655Fax805-981-8663Employees25Year Founded1992Price 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 RatingHold Rating Score (0-4)2.29 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$2.92 Trailing P/E Ratio11.30 Forward P/E Ratio12.45 P/E GrowthN/ANet Income$100.02 million Net Margins64.51% Pretax Margin65.07% Return on Equity14.16% Return on Assets7.10% Debt Debt-to-Equity Ratio1.04 Current Ratio17.30 Quick Ratio17.30 Sales & Book Value Annual Sales$175.15 million Price / Sales7.80 Cash Flow$3.44 per share Price / Cash Flow9.58 Book Value$20.89 per share Price / Book1.58Miscellaneous Outstanding Shares41,400,000Free Float40,568,000Market Cap$1.37 billion OptionableOptionable Beta0.94 Key ExecutivesWendy L. SimpsonChairman & Chief Executive OfficerPamela J. Shelley-KesslerCo-President, Chief Financial Officer & SecretaryClint B. MalinCo-President & Chief Investment OfficerCaroline L. ChikhaleTreasurer, Chief Accounting Officer & Executive VPDouglas A. KoreyManaging Director-Business Development, SVPKey CompetitorsService Properties TrustNASDAQ:SVCCoreCivicNYSE:CXWRLJ Lodging TrustNYSE:RLJDiamondRock HospitalityNYSE:DRHPebblebrook Hotel TrustNYSE:PEBView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Sold 884 shares on 6/1/2023Ownership: 0.020%ProShare Advisors LLCSold 515 shares on 5/26/2023Ownership: 0.014%Ameriprise Financial Inc.Sold 5,015 shares on 5/22/2023Ownership: 0.405%JPMorgan Chase & Co.Bought 18,915 shares on 5/18/2023Ownership: 0.500%New York State Common Retirement FundSold 9,594 shares on 5/18/2023Ownership: 0.078%View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold LTC Properties' stock? 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). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding LTC Properties, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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