NYSE:LTC - LTC Properties Stock Price, News, & Analysis

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$46.33 +0.35 (+0.76 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$45.98
Today's Range$45.93 - $46.49
52-Week Range$34.46 - $48.13
Volume93,124 shs
Average Volume171,398 shs
Market Capitalization$1.84 billion
P/E Ratio14.95
Dividend Yield4.96%
Beta0.5
LTC is a self-administered real estate investment trust that primarily invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including mezzanine lending. At September 30, 2018, LTC had 199 investments located in 28 states, comprising 103 assisted living communities, 95 skilled nursing centers and 1 behavioral health care hospital. Assisted living communities, independent living communities, memory care communities and combinations thereof are included in the assisted living property type.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP50217510
Phone805-981-8655

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$168.07 million
Cash Flow$3.2376 per share
Book Value$19.17 per share

Profitability

Net Income$87.34 million

Miscellaneous

Employees20
Market Cap$1.84 billion
Next Earnings Date2/28/2019 (Confirmed)
OptionableOptionable

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 announced a monthly dividend on Thursday, January 3rd. Shareholders of record on Wednesday, February 20th will be given a dividend of $0.19 per share on Thursday, February 28th. This represents a $2.28 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Tuesday, February 19th. View LTC Properties' Dividend History.

How were LTC Properties' earnings last quarter?

LTC Properties Inc (NYSE:LTC) announced its earnings results on Wednesday, August, 8th. The real estate investment trust reported $1.73 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.75 by $0.98. The real estate investment trust earned $33.93 million during the quarter, compared to analyst estimates of $34.55 million. LTC Properties had a return on equity of 18.31% and a net margin of 86.31%. View LTC Properties' Earnings History.

When is LTC Properties' next earnings date?

LTC Properties is scheduled to release their next quarterly earnings announcement on Thursday, February 28th 2019. View Earnings Estimates for LTC Properties.

What price target have analysts set for LTC?

5 equities research analysts have issued twelve-month target prices for LTC Properties' shares. Their predictions range from $40.00 to $46.00. On average, they expect LTC Properties' stock price to reach $42.00 in the next twelve months. This suggests that the stock has a possible downside of 9.3%. View Analyst Price Targets for LTC Properties.

What is the consensus analysts' recommendation for LTC Properties?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LTC Properties in the last year. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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. " (2/21/2019)
  • 2. Cantor Fitzgerald analysts commented, "We are reiterating our Overweight rating on LTC, and we are raising price target to $46 from $45, and raising our 2018-19 outlook modesly on evidence that Anthem is stabilizing and its increased liquidity, which we believe could herald some pickup in acquisitions, after a relatively long slow spell. LTC’s 2Q18 numbers were in-line with our estimates, although normalized AFFO was higher (lower straight line rent), and the company raised its FFO guidance by $0.03. LTC was relatively active in 2Q18, selling the Sunrise portfolio (six properties), establishing relationships with five new private pay regional operators, acquiring two memory care communities in Texas, and amending its credit agreement." (8/9/2018)

Has LTC Properties been receiving favorable news coverage?

News articles about LTC stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. LTC Properties earned a news sentiment score of 1.7 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Who are some of LTC Properties' key competitors?

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), Endologix (ELGX), Blackstone Mortgage Trust (BXMT), Exxon Mobil (XOM), Omega Healthcare Investors (OHI), Ventas (VTR), Apache (APA), Archer Daniels Midland (ADM) and Cisco Systems (CSCO).

Who are LTC Properties' key executives?

LTC Properties' management team includes the folowing people:
  • Ms. Wendy L. Simpson, Chairman, CEO & Pres (Age 70)
  • Ms. Pamela J. Shelley-Kessler CPA, CPA, Exec. VP, CFO & Corp. Sec. (Age 53)
  • Mr. Clint B. Malin, Exec. VP & Chief Investment Officer (Age 46)
  • Mr. Douglas A. Korey, Sr. VP & MD of Bus. Devel.
  • Ms. Mandi Hogan, VP of Marketing

Who are LTC Properties' major shareholders?

LTC Properties' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (17.40%), Victory Capital Management Inc. (2.90%), Northern Trust Corp (2.36%), Bank of New York Mellon Corp (1.80%), Dimensional Fund Advisors LP (1.56%) and Uniplan Investment Counsel Inc. (1.37%). Company insiders that own LTC Properties stock include Boyd W Hendrickson, James Pieczynski and Timothy Triche. View Institutional Ownership Trends for LTC Properties.

Which major investors are selling LTC Properties stock?

LTC stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Uniplan Investment Counsel Inc., Tekla Capital Management LLC, TD Asset Management Inc., Bank of New York Mellon Corp, First Trust Advisors LP, Thrivent Financial for Lutherans and Keybank National Association OH. View Insider Buying and Selling for LTC Properties.

Which major investors are buying LTC Properties stock?

LTC stock was bought by a variety of institutional investors in the last quarter, including Northern Trust Corp, Nuveen Asset Management LLC, Martingale Asset Management L P, BlackRock Inc., Robeco Institutional Asset Management B.V., Millennium Management LLC, Bessemer Group Inc. and UBS Oconnor LLC. 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 $46.33.

How big of a company is LTC Properties?

LTC Properties has a market capitalization of $1.84 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 $3.10 on an earnings per share basis. LTC Properties employs 20 workers across the globe.

What is LTC Properties' official website?

The official website for LTC Properties is http://www.ltcreit.com.

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 (NYSE LTC)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  246 (Vote Outperform)
Underperform Votes:  317 (Vote Underperform)
Total Votes:  563
MarketBeat's community ratings are surveys of what our community members think about LTC Properties and other stocks. Vote "Outperform" if you believe LTC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LTC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/22/2019 by MarketBeat.com Staff

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