NYSE:LTCLTC Properties Stock Price, Forecast & News

LTC Properties' stock was trading at $36.99 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, LTC stock has decreased by 2.6% and is now trading at $36.03. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LTC Properties in the last year. There are currently 4 sell ratings, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for LTC Properties.

LTC Properties is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for LTC Properties.

LTC Properties Inc (NYSE:LTC) released its quarterly earnings results on Monday, May, 4th. The real estate investment trust reported $0.73 EPS for the quarter, topping the consensus estimate of $0.52 by $0.21. The real estate investment trust earned $38.04 million during the quarter, compared to analyst estimates of $37.15 million. LTC Properties had a net margin of 66.42% and a return on equity of 15.60%. View LTC Properties' earnings history.

LTC Properties declared a monthly dividend on Friday, April 3rd. Shareholders of record on Monday, June 22nd will be given a dividend of $0.19 per share on Tuesday, June 30th. This represents a $2.28 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date is Friday, June 19th. View LTC Properties' dividend history.

7 brokerages have issued twelve-month target prices for LTC Properties' stock. Their forecasts range from $19.00 to $55.00. On average, they anticipate LTC Properties' share price to reach $34.29 in the next year. This suggests that the stock has a possible downside of 4.8%. View analysts' price targets for LTC Properties.

News headlines about LTC stock have trended somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. LTC Properties earned a media sentiment score of 1.5 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutLTC Properties.

LTC Properties saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,590,000 shares, a decline of 8.1% from the April 30th total of 1,730,000 shares. Based on an average daily trading volume, of 428,700 shares, the days-to-cover ratio is currently 3.7 days. Currently, 4.1% of the shares of the stock are short sold. View LTC Properties' Current Options Chain.

Some companies that are related to LTC Properties include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), HCP (HCP), Extra Space Storage (EXR), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Healthcare Realty Trust (HR), Rayonier (RYN) and Sabra Health Care REIT (SBRA). View all competitors.

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), Blackstone Mortgage Trust (BXMT), Verizon Communications (VZ), Endologix (ELGX), Apache (APA), Cisco Systems (CSCO) and Omega Healthcare Investors (OHI).

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 investors include BlackRock Inc. (17.53%), State Street Corp (6.67%), Bank of New York Mellon Corp (2.85%), Victory Capital Management Inc. (1.98%), Victory Capital Management Inc. (1.98%) and Geode Capital Management LLC (1.84%). Company insiders that own LTC Properties stock include James Pieczynski, Timothy Triche and Wendy Simpson. View institutional ownership trends for LTC Properties.

LTC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, WINTON GROUP Ltd, Invesco Ltd., First Trust Advisors LP, Wells Fargo & Company MN, First National Bank of Omaha, and Clean Yield Group. Company insiders that have sold LTC Properties company stock in the last year include Timothy Triche, and Wendy Simpson. View insider buying and selling activity for LTC Properties.

LTC stock was acquired by a variety of institutional investors in the last quarter, including State Street Corp, Kestrel Investment Management Corp, Martingale Asset Management L P, Bessemer Group Inc., Nuveen Asset Management LLC, Geode Capital Management LLC, Two Sigma Advisers LP, and Federated Hermes Inc.. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of LTC stock can currently be purchased for approximately $36.03.

LTC Properties has a market capitalization of $1.41 billion and generates $185.30 million in revenue each year. The real estate investment trust earns $80.53 million in net income (profit) each year or $3.08 on an earnings per share basis. LTC Properties employs 21 workers across the globe.

The official website for LTC Properties is www.ltcreit.com.

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]