LTC Properties (LTC) Stock Price, News & Analysis

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LTC Properties in the last year. There are currently 4 hold ratings and 2 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.
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6 Wall Street research analysts have issued 1 year price targets for LTC Properties' shares. Their LTC share price targets range from $29.00 to $36.00. On average, they anticipate the company's share price to reach $34.13 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
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LTC Properties' stock was trading at $32.12 at the start of the year. Since then, LTC stock has decreased by 1.7% and is now trading at $31.57.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our LTC earnings forecast.

LTC Properties will be holding an earnings conference call on Tuesday, April 30th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 919-882-2331 with passcode "50325".

LTC Properties, Inc. (NYSE:LTC) released its quarterly earnings results on Thursday, April, 28th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.26. The real estate investment trust earned $40.80 million during the quarter, compared to analysts' expectations of $37.08 million. LTC Properties had a net margin of 45.49% and a trailing twelve-month return on equity of 10.25%. LTC Properties's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share.

LTC Properties announced a monthly dividend on Wednesday, April 3rd. Investors of record on Thursday, June 20th will be paid a dividend of $0.19 per share on Friday, June 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date is Thursday, June 20th.
Read our dividend analysis for LTC.

LTC Properties (NYSE:LTC) pays an annual dividend of $2.28 per share and currently has a dividend yield of 7.21%. LTC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 105.56%. 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.

ETFs with the largest weight of LTC Properties (NYSE:LTC) stock in their portfolio include Global X SuperDividend REIT ETF (SRET), Invesco KBW Premium Yield Equity REIT ETF (KBWY), GraniteShares HIPS US High Income ETF (HIPS), Global SuperDividend US ETF (DIV), SPDR S&P Global Dividend ETF (WDIV), Hoya Capital High Dividend Yield ETF (RIET), Invesco S&P SmallCap Low Volatility ETF (XSLV) and First Trust Multi-Asset Diversified Income Index Fund (MDIV).

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' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include CWM LLC (0.07%). Insiders that own company stock include Boyd W Hendrickson, Caroline Chikhale, David L Gruber, Pamela Shelley-Kessler, Timothy Triche and Wendy Simpson.
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Shares of LTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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