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NYSE:LTC

LTC Properties - LTC Stock Forecast, Price & News

$34.81
+0.13 (+0.37%)
(As of 03/31/2023 03:45 PM ET)
Add
Compare
Today's Range
$34.50
$34.99
50-Day Range
$32.08
$38.66
52-Week Range
$31.90
$45.49
Volume
157,105 shs
Average Volume
299,781 shs
Market Capitalization
$1.44 billion
P/E Ratio
14.04
Dividend Yield
6.55%
Price Target
$40.14

LTC Properties MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
16.1% Upside
$40.14 Price Target
Short Interest
Healthy
2.28% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.70mentions of LTC Properties in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$19,250 Sold Last Quarter
Proj. Earnings Growth
5.62%
From $2.67 to $2.82 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Finance Sector

598th out of 891 stocks

Real Estate Investment Trusts Industry

130th out of 192 stocks


LTC stock logo

About LTC Properties (NYSE:LTC) Stock

LTC 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.

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LTC Stock News Headlines

5 Best Dividend Capture Stocks (LTC)
You can buy the best dividend capture stocks just before the dividend is paid, hold them long enough to collect the dividend, then sell. Learn more.
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
JMP Securities Sticks to Its Buy Rating for Clipper Realty (CLPR)
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
Q4 2022 LTC Properties Inc Earnings Call
LTC Properties Q4 Profit, Revenues Rise
LTC Properties's Earnings Outlook
Got $5,000? These 2 Stocks Pay Dividends Every Month
See More Headlines
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LTC Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 2/28 Dividend
2/16/2023
Dividend Payable
2/28/2023
Ex-Dividend for 3/31 Dividend
3/22/2023
Today
3/31/2023
Dividend Payable
3/31/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
50217510
Employees
25
Year Founded
1992

Price Target and Rating

Average Stock Price Forecast
$40.14
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+15.7%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$100.02 million
Pretax Margin
57.43%

Debt

Sales & Book Value

Annual Sales
$175.15 million
Cash Flow
$3.56 per share
Book Value
$20.99 per share

Miscellaneous

Free Float
40,463,000
Market Cap
$1.44 billion
Optionable
Optionable
Beta
0.95

Key Executives

  • Wendy L. Simpson
    Chairman & Chief Executive Officer
  • Pamela J. Shelley-Kessler
    Co-President, Chief Financial Officer & Secretary
  • Clint B. Malin
    Co-President & Chief Investment Officer
  • Caroline L. Chikhale
    Treasurer, Chief Accounting Officer & Executive VP
  • Douglas A. Korey
    Managing Director-Business Development, SVP













LTC Stock - Frequently Asked Questions

Should I buy or sell LTC Properties stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for LTC Properties in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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?

7 equities research analysts have issued 1 year price objectives for LTC Properties' shares. Their LTC share price forecasts range from $35.00 to $47.00. On average, they expect the company's share price to reach $40.14 in the next year. This suggests a possible upside of 15.7% 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 2.3% and is now trading at $34.70.
View the best growth stocks for 2023 here
.

Are investors shorting LTC Properties?

LTC Properties saw a increase in short interest in March. As of March 15th, there was short interest totaling 942,900 shares, an increase of 7.0% from the February 28th total of 881,300 shares. Based on an average daily trading volume, of 300,100 shares, the short-interest ratio is currently 3.1 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, April 27th 2023.
View our LTC earnings forecast
.

How were LTC Properties' earnings last quarter?

LTC Properties, Inc. (NYSE:LTC) posted its earnings results on Thursday, April, 28th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by $0.26. The real estate investment trust earned $40.80 million during the quarter, compared to the consensus estimate of $37.08 million. LTC Properties had a net margin of 56.95% and a trailing twelve-month return on equity of 12.36%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business 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 Tuesday, January 3rd. Shareholders of record on Thursday, March 23rd will be given a dividend of $0.19 per share on Friday, March 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date of this dividend is Wednesday, March 22nd.
Read our dividend analysis for LTC
.

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 6.79%. LTC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 91.94%. 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 80.85% 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 many different institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (2.06%), Charles Schwab Investment Management Inc. (1.46%), Dimensional Fund Advisors LP (1.37%), Morgan Stanley (1.03%), Advisors Capital Management LLC (1.00%) and Norges Bank (0.98%). 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 $34.70.

How much money does LTC Properties make?

LTC Properties (NYSE:LTC) has a market capitalization of $1.44 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 $2.48 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 3/31/2023 by MarketBeat.com Staff