About LTC Properties (NYSE:LTC)
LTC Properties Inc. is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. It invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC). SNF provides restorative, rehabilitative and nursing care. Many skilled nursing facilities provide ancillary services that include occupational, speech, physical, respiratory and IV therapies, as well as sub-acute care services, which are paid either by the patient, the patient's family, private health insurance, or through the federal Medicare or state Medicaid programs. ALF serves people requiring assistance with activities of daily living, but do not require the constant supervision skilled nursing facilities provide.
Industry, Sector and Symbol
Industry REAL ESTATE
Trailing P/E Ratio17.7681818181818
Forward P/E Ratio12.94
Sales & Book Value
Annual Sales$168.07 million
Price / Sales9.22
Cash Flow$3.21 per share
Price / Cash12.17
Book Value$19.17 per share
Price / Book2.04
Net Income$87.34 million
Return on Equity11.52%
Return on Assets6.09%
LTC Properties (NYSE:LTC) Frequently Asked Questions
What is LTC Properties' stock symbol?
LTC Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "LTC."
How often does LTC Properties pay dividends? What is the dividend yield for LTC Properties?
LTC Properties declared a monthly dividend on Wednesday, January 3rd. Shareholders of record on Tuesday, February 20th will be given a dividend of $0.19 per share on Wednesday, February 28th. This represents a $2.28 annualized dividend and a yield of 5.83%. The ex-dividend date of this dividend is Friday, February 16th. View LTC Properties' Dividend History.
How were LTC Properties' earnings last quarter?
LTC Properties Inc (NYSE:LTC) announced its earnings results on Thursday, March, 1st. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.75 by $0.25. The real estate investment trust earned $41.73 million during the quarter, compared to analyst estimates of $33.28 million. LTC Properties had a return on equity of 11.52% and a net margin of 51.86%. View LTC Properties' Earnings History.
Where is LTC Properties' stock going? Where will LTC Properties' stock price be in 2018?
9 Wall Street analysts have issued 12 month price targets for LTC Properties' stock. Their forecasts range from $40.00 to $58.00. On average, they anticipate LTC Properties' share price to reach $46.86 in the next year. View Analyst Ratings for LTC Properties.
What are Wall Street analysts saying about LTC Properties stock?
Here are some recent quotes from research analysts about LTC Properties stock:
- 1. According to Zacks Investment Research, "LTC Properties, Inc., a health care real estate investment trust, invests primarily in long-term care and other health care related facilities through mortgage loans, facility lease transactions and other investments. Their primary objectives are to sustain and enhance stockholder equity value and provide current income for distribution to stockholders through real estate investments in long-term care facilities and other health care related facilities managed by experienced operators providing quality care. " (3/6/2018)
- 2. Cantor Fitzgerald analysts commented, "LTC reported in-line results in what appears to be a relatively straight forward quarter with no major surprises or earnings impacts despite Preferred Care’s bankruptcy filing in November 2017." (3/1/2018)
Who are some of LTC Properties' key competitors?
Some companies that are related to LTC Properties include Uniti Group (UNIT), MFA Financial (MFA), Great Portland Est (GPEAF), LaSalle Hotel Properties (LHO), Eastgroup Properties (EGP), Brandywine Realty Trust (BDN), National Health Investors (NHI), Unite Group (UTGPF), Empire State Realty Trust (ESRT), Two Harbors Investment (TWO), Physicians Realty Trust (DOC), Outfront Media (OUT), The GEO Group (GEO), AmeriCold Realty Trust (COLD), Corporate Office Properties Trust (OFC), Colliers International Group (CIGI), DDR (DDR) and Retail Properties of America (RPAI).
Who are LTC Properties' key executives?
LTC Properties' management team includes the folowing people:
- Wendy L. Simpson, Chairman of the Board, President, Chief Executive Officer (Age 68)
- Pamela J. Shelley-Kessler, Chief Financial Officer, Executive Vice President, Corporate Secretary (Age 51)
- Clint B. Malin, Executive Vice President, Chief Investment Officer (Age 45)
- Boyd W. Hendrickson, Lead Independent Director (Age 72)
- James J. Pieczynski, Independent Director (Age 54)
- Devra G. Shapiro CPA, Independent Director (Age 70)
- Timothy J. Triche M.D., Independent Director (Age 72)
Has LTC Properties been receiving favorable news coverage?
Media stories about LTC stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. LTC Properties earned a news sentiment score of 0.11 on Accern's scale. They also assigned news headlines about the real estate investment trust an impact score of 46.34 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are LTC Properties' major shareholders?
LTC Properties' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.29%), Franklin Resources Inc. (3.80%), Victory Capital Management Inc. (3.07%), Bank of New York Mellon Corp (1.72%), Schwab Charles Investment Management Inc. (1.06%) and Geode Capital Management LLC (0.99%). Company insiders that own LTC Properties stock include Boyd W Hendrickson, Clint B Malin, James Pieczynski and Timothy Triche. View Institutional Ownership Trends for LTC Properties.
Which institutional investors are selling LTC Properties stock?
LTC stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Allegis Investment Advisors LLC, BlackRock Inc., Comerica Bank, Barnett & Company Inc., Millennium Management LLC, Metropolitan Life Insurance Co. NY and Eii Capital Management Inc.. Company insiders that have sold LTC Properties company stock in the last year include Boyd W Hendrickson and Timothy Triche. View Insider Buying and Selling for LTC Properties.
Which institutional investors are buying LTC Properties stock?
LTC stock was purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Deutsche Bank AG, Two Sigma Investments LP, Renaissance Technologies LLC, Two Sigma Advisers LP, TIAA CREF Investment Management LLC, Tekla Capital Management LLC and Goldman Sachs Group Inc.. View Insider Buying and Selling for LTC Properties.
How do I buy shares of LTC Properties?
Shares of LTC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is LTC Properties' stock price today?
One share of LTC stock can currently be purchased for approximately $39.09.
How big of a company is LTC Properties?
LTC Properties has a market capitalization of $1.55 billion and generates $168.07 million in revenue each year. The real estate investment trust earns $87.34 million in net income (profit) each year or $2.20 on an earnings per share basis. LTC Properties employs 20 workers across the globe.
How can I contact LTC Properties?
LTC Properties' mailing address is 2829 TOWNSGATE ROAD SUITE 350, WESTLAKE VILLAGE CA, 91361. The real estate investment trust can be reached via phone at 805-981-8655 or via email at [email protected]
MarketBeat Community Rating for LTC Properties (LTC)MarketBeat's community ratings are surveys of what our community members think about LTC Properties and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
LTC Properties (NYSE:LTC) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.22||2.22||2.20||2.11|
|Ratings Breakdown: ||1 Sell Rating(s)|
5 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
5 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
6 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
6 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$46.86||$50.17||$50.17||$50.60|
|Price Target Upside: ||19.87% upside||5.97% upside||5.97% upside||3.41% upside|
LTC Properties (NYSE:LTC) Consensus Price Target History
LTC Properties (NYSE:LTC) Analyst Ratings History
(Data available from 3/19/2016 forward)
LTC Properties (NYSE:LTC) Earnings History and Estimates Chart
LTC Properties (NYSE LTC) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|3/1/2018||Q4 2017||$0.75||$0.50||$33.28 million||$41.73 million||View||N/A|
|11/8/2017||Q3 2017||$0.50||$0.76||$32.91 million||$41.25 million||View||N/A|
|8/9/2017||Q2 2017||$0.78||$0.79||$35.08 million||$42.47 million||View||Listen|
|5/8/2017||Q1 2017||$0.78||$0.54||$34.82 million||$42.62 million||View||Listen|
|2/22/2017||Q416||$0.54||$0.78||$33.80 million||$42.14 million||View||N/A|
|11/2/2016||Q316||$0.76||$0.76||$33.64 million||$40.80 million||View||N/A|
|8/1/2016||Q216||$0.77||$0.77||$33.66 million||$40.00 million||View||N/A|
|5/2/2016||Q1 2016||$0.75||$0.53||$30.79 million||$38.60 million||View||N/A|
|2/22/2016||Q415||$0.73||$0.74||$28.55 million||$37.39 million||View||Listen|
|11/2/2015||Q3 2015||$0.69||$0.52||$27.15 million||$34.94 million||View||N/A|
|8/5/2015||Q2 2015||$0.68||$0.48||$26.68 million||$32.39 million||View||N/A|
|4/30/2015||Q1 2015||$0.65||$0.47||$25.76 million||$31.48 million||View||N/A|
|2/26/2015||Q414||$0.65||$0.64||$25.70 million||$30.80 million||View||N/A|
|11/3/2014||Q3 2014||$0.65||$0.46||$29.54 million||View||N/A|
|8/6/2014||Q2 2014||$0.64||$0.50||$29.23 million||View||N/A|
|5/6/2014||Q1 2014||$0.64||$0.46||$29.44 million||View||N/A|
|2/20/2014||Q413||$0.61||$0.63||$26.68 million||$28.59 million||View||N/A|
|11/4/2013||Q3 2013||$0.57||$0.39||$27.60 million||$25.83 million||View||N/A|
|8/8/2013||2Q13||$0.57||$0.57||$26.20 million||$25.68 million||View||N/A|
|4/30/2013||Q1 2013||$0.60||$0.40||$24.53 million||$25.66 million||View||N/A|
|2/21/2013||Q412||$0.57||$0.57||$23.73 million||$24.51 million||View||N/A|
|11/8/2012||Q312||$0.57||$0.57||$23.22 million||$23.79 million||View||N/A|
LTC Properties (NYSE:LTC) Earnings Estimates
2018 EPS Consensus Estimate: $3.00
2019 EPS Consensus Estimate: $3.05
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
LTC Properties (NYSE:LTC) Dividend Information
|Most Recent Dividend:||2/28/2018|
|Dividend Growth:||3.80% (3 Year Average)|
|Payout Ratio:||103.64% (Trailing 12 Months of Earnings) |
75.50% (Based on This Year's Estimates)
72.61% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
LTC Properties (NYSE:LTC) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
LTC Properties (NYSE LTC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.50%
Institutional Ownership Percentage: 80.18%
LTC Properties (NYSE LTC) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|1/3/2018||James Pieczynski||Director||Buy||2,000||$43.60||$87,200.00||17,974|| |
|12/28/2017||Timothy Triche||Director||Sell||2,720||$43.35||$117,912.00|| |
|12/28/2017||Timothy Triche||Director||Sell||2,720||$43.35||$117,912.00||34,656|| |
|12/18/2017||Boyd W. Hendrickson||Director||Sell||1,500||$47.07||$70,605.00|| |
|12/15/2017||Boyd W. Hendrickson||Director||Sell||2,787||$46.66||$130,041.42|| |
|3/23/2017||Timothy Triche||Director||Sell||4,000||$47.02||$188,080.00||35,204|| |
|8/30/2016||Timothy Triche||Director||Sell||2,000||$52.13||$104,260.00||36,188|| |
|6/22/2016||Clint B Malin||EVP||Sell||2,000||$49.52||$99,040.00||73,798|| |
|3/21/2016||Timothy Triche||Director||Sell||1,800||$44.32||$79,776.00||34,496|| |
|2/29/2016||Clint B Malin||EVP||Sell||4,648||$44.52||$206,928.96||76,098|| |
|12/24/2015||Brent P Chappell||SVP||Sell||1,000||$42.07||$42,070.00||28,500|| |
|12/22/2015||Pamela Shelley-Kessler||CFO||Sell||10,952||$41.76||$457,355.52||79,044|| |
|12/1/2014||Pamela Shelley-Kessler||CFO||Sell||10,000||$42.02||$420,200.00|| |
|11/24/2014||Caroline Wong||VP||Sell||6,000||$41.19||$247,140.00|| |
|11/20/2014||Timothy Triche||Director||Sell||5,000||$40.90||$204,500.00|| |
|11/18/2014||Clint B Malin||EVP||Sell||20,000||$41.40||$828,000.00|| |
|11/18/2014||Edmund King||Director||Sell||1,000||$41.45||$41,450.00|| |
|3/26/2014||Edmund King||Director||Sell||18,000||$37.08||$667,440.00||41,426|| |
|3/4/2014||Clint Malin||EVP||Sell||10,000||$39.00||$390,000.00||72,513|| |
|11/11/2013||Wendy Simpson||CEO||Sell||19,798||$38.51||$762,420.98||281,702|| |
|3/25/2013||Thomas Andrew Stokes||SVP||Sell||3,258||$39.56||$128,886.48|| |
|3/11/2013||Thomas Andrew Stokes||SVP||Sell||2,748||$39.33||$108,078.84|| |
|12/24/2012||Clint B Malin||EVP||Sell||3,000||$35.00||$105,000.00|| |
|8/22/2012||Thomas Andrew Stokes||SVP||Sell||7,900||$32.91||$259,989.00|| |
|8/21/2012||Thomas Andrew Stokes||SVP||Sell||17,000||$33.28||$565,760.00|| |
LTC Properties (NYSE LTC) News Headlines
|FTC shuts down the 'Bitcoin Funding Team' for promoting deceptive moneymaking scheme|
finance.yahoo.com - March 16 at 5:52 PM
|Republican CFTC commissioner on crypto regulation|
finance.yahoo.com - March 8 at 9:19 AM
|LTC Properties Inc Expected to Post FY2018 Earnings of $3.00 Per Share (LTC)|
www.americanbankingnews.com - March 8 at 9:05 AM
|Capital One Financial Comments on LTC Properties Inc's Q1 2018 Earnings (LTC)|
www.americanbankingnews.com - March 7 at 7:55 AM
|Royal Bank of Canada Reiterates "$43.00" Price Target for LTC Properties (LTC)|
www.americanbankingnews.com - March 6 at 6:24 PM
|LTC Properties (LTC) PT Lowered to $41.00|
www.americanbankingnews.com - March 5 at 2:44 PM
|Arizona State Retirement System Grows Position in LTC Properties Inc (LTC)|
www.americanbankingnews.com - March 5 at 4:38 AM
|Stifel Nicolaus Reiterates "$40.00" Price Target for LTC Properties (LTC)|
www.americanbankingnews.com - March 3 at 5:38 PM
|LTC Properties Inc (LTC) Shares Bought by Schroder Investment Management Group|
www.americanbankingnews.com - March 3 at 8:53 AM
|LTC Properties Inc (LTC) Given Average Rating of "Hold" by Brokerages|
www.americanbankingnews.com - March 3 at 3:54 AM
|LTC Properties (LTC) Rating Reiterated by Cantor Fitzgerald|
www.americanbankingnews.com - March 1 at 8:46 PM
|LTC Reports 2017 Fourth Quarter Results and Discusses Recent Investment Activity|
finance.yahoo.com - March 1 at 5:38 PM
|Recent Stock Purchase II February 2018 - Seeking Alpha|
seekingalpha.com - February 28 at 8:41 AM
|New leader of $6 billion firm looks to podcasts and cryptocurrencies to keep active investing relevant|
finance.yahoo.com - February 28 at 8:41 AM
|Aperio Group LLC Decreases Stake in LTC Properties Inc (LTC)|
www.americanbankingnews.com - February 26 at 4:24 AM
|Comerica Bank Has $1.80 Million Position in LTC Properties Inc (LTC)|
www.americanbankingnews.com - February 25 at 5:10 AM
|LTC Properties (LTC) Set to Announce Earnings on Thursday|
www.americanbankingnews.com - February 22 at 2:32 AM
|This Monthly Dividend Payer Is Now A Strong Buy - Seeking Alpha|
seekingalpha.com - February 20 at 8:01 AM
|These 3 REITs Should Weather The Storms|
finance.yahoo.com - February 20 at 8:01 AM
|REIT Stock Yields 6.0%, Strong Dividend Coverage, Monthly Payer, Great Valuation|
seekingalpha.com - February 19 at 5:22 PM
|LTC Properties, Inc. (LTC) Ex-Dividend Date Scheduled for February 16, 2018 - Nasdaq|
www.nasdaq.com - February 16 at 8:00 AM
|Litecoin jumps 30 percent as traders bet on more users, upcoming split into litecoin cash|
finance.yahoo.com - February 15 at 7:25 AM
|Should Income Investors Buy LTC Properties Inc (NYSE:LTC) Before Its Ex-Dividend?|
finance.yahoo.com - February 12 at 3:30 PM
|LTC Announces Date of Fourth Quarter 2017 Earnings Release, Conference Call, and Webcast - Business Wire (press release)|
www.businesswire.com - February 10 at 3:32 PM
|LTC Announces Date of Fourth Quarter 2017 Earnings Release, Conference Call, and Webcast|
finance.yahoo.com - February 9 at 3:38 PM
|LTC Properties Inc (LTC) Receives Consensus Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - February 6 at 3:52 AM
|Bitcoin down 65% from highs in mid-December|
finance.yahoo.com - February 5 at 3:28 PM
|LTC Properties (LTC) Cut to Hold at ValuEngine|
www.americanbankingnews.com - February 4 at 11:22 PM
|Bitcoin recovering from dip below $8,000|
finance.yahoo.com - February 2 at 3:31 PM
|Bitcoin falls below key psychological $9,000 level|
finance.yahoo.com - February 2 at 7:16 AM
|Crypto investor Brian Kelly on shorting bitcoin|
finance.yahoo.com - February 1 at 3:29 PM
|LTC Properties (LTC) Announces JV with Affinity Living Group ... - StreetInsider.com|
www.streetinsider.com - February 1 at 7:31 AM
|LTC Enters $10 Million Joint Venture|
finance.yahoo.com - January 31 at 7:30 AM
|Cryptocurrencies fall on report of subpoena|
finance.yahoo.com - January 30 at 3:29 PM
|LTC Properties Inc (LTC) to Post FY2019 Earnings of $3.32 Per Share, KeyCorp Forecasts|
www.americanbankingnews.com - January 30 at 1:50 PM
|Blockchain and crypto a big theme at Davos|
finance.yahoo.com - January 26 at 3:30 PM
|‘Bitcoin oracle’ says bitcoin cash in undervalued|
finance.yahoo.com - January 26 at 7:20 AM
|Bespoke analyst sees bitcoin hitting $30K, here's what co...|
finance.yahoo.com - January 25 at 7:19 AM
|LTC Properties Named Top Dividend Stock With Insider Buying and 5.57% Yield (LTC) - Nasdaq|
www.nasdaq.com - January 24 at 5:46 AM
|January Real Estate Dividend Stocks To Look Out For|
finance.yahoo.com - January 22 at 3:38 PM
|EX-Dividend Schedule: LTC Properties Has a Dividend Yield of 5.63%; Will Trade Ex-Dividend on January 22, 2018|
finance.yahoo.com - January 19 at 5:22 PM
|LTC Properties, Inc. (LTC) Ex-Dividend Date Scheduled for January 22,...|
www.nasdaq.com - January 19 at 11:23 AM
|Ex-Div Reminder for LTC Properties (LTC)|
www.nasdaq.com - January 18 at 10:56 AM
|LTC Senior Management to Participate in the 2018 Stifel Seniors Housing and Healthcare Real Estate Conference|
finance.yahoo.com - January 18 at 10:56 AM
|Zacks Industry Outlook Highlights: Ashford Hospitality Prime, LTC Properties, Rexford Industrial Realty and Outfront Media|
finance.yahoo.com - January 16 at 10:01 AM
|LTC Properties Inc Expected to Earn FY2017 Earnings of $3.07 Per Share (LTC)|
www.americanbankingnews.com - January 15 at 2:04 AM
|Zacks Investment Research Downgrades LTC Properties (LTC) to Hold|
www.americanbankingnews.com - January 14 at 7:27 PM
|How To Avoid The Crypto 'Whack A Mole' Curse|
finance.yahoo.com - January 12 at 10:01 AM
|Research Analysts Offer Predictions for LTC Properties Inc's Q1 2018 Earnings (LTC)|
www.americanbankingnews.com - January 12 at 9:34 AM
|LTC Properties Inc (LTC) Given Average Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - January 12 at 3:44 AM
LTC Properties (NYSE:LTC) SEC Filings
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LTC Properties (NYSE:LTC) Income Statement, Balance Sheet and Cash Flow Statement
LTC Properties (NYSE LTC) Stock Chart for Monday, March, 19, 2018