LTC Properties Company Profile (NYSE:LTC)

About LTC Properties (NYSE:LTC)

LTC Properties logoLTC 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:
  • Sector: Finance
  • Industry: Healthcare REITs
  • Sub-Industry: Specialized REITs
  • Symbol: NYSE:LTC
  • CUSIP: 50217510
  • Web:
  • Market Cap: $2.03 billion
  • Outstanding Shares: 39,573,000
Average Prices:
  • 50 Day Moving Avg: $50.32
  • 200 Day Moving Avg: $48.12
  • 52 Week Range: $43.17 - $54.20
  • Trailing P/E Ratio: 23.10
  • Foreward P/E Ratio: 22.37
  • P/E Growth: 5.78
Sales & Book Value:
  • Annual Revenue: $165.48 million
  • Price / Sales: 12.25
  • Book Value: $19.03 per share
  • Price / Book: 2.69
  • Annual Dividend: $2.28
  • Dividend Yield: 4.5%
  • EBIDTA: $147.17 million
  • Net Margins: 52.17%
  • Return on Equity: 11.66%
  • Return on Assets: 6.24%
  • Debt-to-Equity Ratio: 0.79%
  • Current Ratio: 7.82%
  • Quick Ratio: 7.82%
  • Average Volume: 205,789 shs.
  • Beta: 0.12
  • Short Ratio: 5.55
Frequently Asked Questions for LTC Properties (NYSE:LTC)

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, July 5th. Shareholders of record on Wednesday, August 23rd will be given a dividend of $0.19 per share on Thursday, August 31st. This represents a $2.28 annualized dividend and a yield of 4.45%. The ex-dividend date is Monday, August 21st. View LTC Properties' Dividend History.

How were LTC Properties' earnings last quarter?

LTC Properties, Inc. (NYSE:LTC) announced its earnings results on Monday, May, 8th. The company reported $0.54 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.78 by $0.24. The firm earned $42.62 million during the quarter, compared to analysts' expectations of $34.82 million. LTC Properties had a net margin of 52.17% and a return on equity of 11.66%. View LTC Properties' Earnings History.

Where is LTC Properties' stock going? Where will LTC Properties' stock price be in 2017?

8 brokerages have issued 1-year price targets for LTC Properties' stock. Their forecasts range from $50.00 to $58.00. On average, they anticipate LTC Properties' stock price to reach $52.60 in the next year. View Analyst Ratings for LTC Properties.

What are 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. " (5/17/2017)
  • 2. Canaccord Genuity analysts commented, "We will look for color on tomorrow’s earnings call regarding the appetite for organic growth stemming from LTC’s operator base, but despite a quiet year-to-date, core metrics continue to highlight LTC’s stability (1.51x SNF coverage, +4bps q/q) and dry powder (24% debt/EV)." (5/9/2017)
  • 3. Cantor Fitzgerald analysts commented, "We are updating our 2017 earnings estimates, adding 2018 numbers, and reiterating our Overweight rating and $55 price target. LTC's 4Q16 results are in-line, but the acquisition market remains tough, and we expect most of this year's investments will be with existing operators. At the same time, while we do not expect a major change in LTC's strategy, it is contemplating some changes to its triple net lease structure that might help the company win more business by adding escalator options and offering modified NNN leases that formally commit to the future development of existing properties. These potential changes constitute a promising approach to a tough market and do not, we believe, involve greater risks." (2/27/2017)

Who are some of LTC Properties' key competitors?

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
  • Pamela J. Shelley-Kessler, Chief Financial Officer, Executive Vice President, Corporate Secretary
  • Clint B. Malin, Executive Vice President, Chief Investment Officer
  • Boyd W. Hendrickson, Lead Independent Director
  • James J. Pieczynski, Independent Director
  • Devra G. Shapiro CPA, Independent Director
  • Timothy J. Triche M.D., Independent Director

Who owns LTC Properties stock?

LTC Properties' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Capstone Asset Management Co. (0.28%), Nisa Investment Advisors LLC (0.20%), First National Bank of Omaha (0.16%), Creative Planning (0.12%), Bank of Montreal Can (0.10%) and State of Alaska Department of Revenue (0.07%). Company insiders that own LTC Properties stock include Brent P Chappell, Clint B Malin, Pamela Shelley-Kessler and Timothy Triche. View Institutional Ownership Trends for LTC Properties.

Who sold LTC Properties stock? Who is selling LTC Properties stock?

LTC Properties' stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc., Nisa Investment Advisors LLC, Creative Planning, Independent Portfolio Consultants Inc. and First National Bank of Omaha. View Insider Buying and Selling for LTC Properties.

Who bought LTC Properties stock? Who is buying LTC Properties stock?

LTC Properties' stock was bought by a variety of institutional investors in the last quarter, including Exane Derivatives, Forsta AP Fonden, Legato Capital Management LLC, Gradient Investments LLC, Aperio Group LLC, Bank of Montreal Can, State of Alaska Department of Revenue and Capstone Asset Management Co.. View Insider Buying and Selling for LTC Properties.

How do I buy LTC Properties stock?

Shares of LTC Properties can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is LTC Properties' stock price today?

One share of LTC Properties stock can currently be purchased for approximately $51.22.

MarketBeat Community Rating for LTC Properties (NYSE LTC)
Community Ranking:  2.2 out of 5 ( )
Outperform Votes:  111 (Vote Outperform)
Underperform Votes:  143 (Vote Underperform)
Total Votes:  254
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.

Analyst Ratings

Consensus Ratings for LTC Properties (NYSE:LTC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 6 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.25)
Consensus Price Target: $52.60 (2.69% upside)

Analysts' Ratings History for LTC Properties (NYSE:LTC)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/28/2017MizuhoReiterated RatingNeutralLowView Rating Details
6/27/2017Royal Bank Of CanadaReiterated RatingHold$50.00MediumView Rating Details
5/10/2017Hilliard LyonsUpgradeUnderperform -> NeutralLowView Rating Details
5/9/2017Canaccord GenuityReiterated RatingBuy$58.00HighView Rating Details
5/9/2017Stifel NicolausReiterated RatingHold -> Hold$51.00 -> $50.00HighView Rating Details
5/9/2017BMO Capital MarketsReiterated RatingHold$50.00HighView Rating Details
2/27/2017Cantor FitzgeraldReiterated RatingOverweight$55.00N/AView Rating Details
1/5/2017Mitsubishi UFJ Financial GroupReiterated RatingOverweight -> NeutralN/AView Rating Details
12/8/2015Mitsubishi UFJ Financial Group IncReiterated RatingOverweightN/AView Rating Details
(Data available from 7/23/2015 forward)


Earnings History for LTC Properties (NYSE:LTC)
Earnings by Quarter for LTC Properties (NYSE:LTC)
Earnings History by Quarter for LTC Properties (NYSE LTC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/8/2017Q1 2017$0.78$0.54$34.82 million$42.62 millionViewListenView Earnings Details
2/22/2017Q416$0.54$0.78$33.80 million$42.14 millionViewN/AView Earnings Details
11/2/2016Q316$0.76$0.76$33.64 million$40.80 millionViewN/AView Earnings Details
8/1/2016Q216$0.77$0.77$33.66 million$40.00 millionViewN/AView Earnings Details
2/22/2016Q415$0.73$0.74$28.55 million$37.39 millionViewListenView Earnings Details
2/26/2015Q414$0.65$0.64$25.70 million$30.80 millionViewN/AView Earnings Details
2/20/2014Q413$0.61$0.63$26.68 million$28.59 millionViewN/AView Earnings Details
8/8/20132Q13$0.57$0.57ViewN/AView Earnings Details
2/21/2013Q412$0.57$0.57$23.73 million$24.51 millionViewN/AView Earnings Details
11/8/2012Q312$0.57$0.57$23.22 million$23.79 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for LTC Properties (NYSE:LTC)
Current Year EPS Consensus Estimate: $2.21 EPS
Next Year EPS Consensus Estimate: $2.29 EPS


Current Dividend Information for LTC Properties (NYSE:LTC)
Next Dividend:8/31/2017
Annual Dividend:$2.28
Dividend Yield:4.45%
Dividend Growth:4.80% (3 Year Average)
Payout Ratio:102.70% (Trailing 12 Months of Earnings)
103.17% (Based on This Year's Estimates)
99.56% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for LTC Properties (NYSE:LTC)

Dividend History by Quarter for LTC Properties (NYSE LTC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/3/2017jul 17$0.194.43%7/19/20177/21/20177/31/2017
4/3/2017apr 17$0.194.76%4/18/20174/20/20174/28/2017
1/3/2017jan 17$0.194.8%1/19/20171/23/20171/31/2017
10/3/2016oct 16$0.194.53%10/19/201610/21/201610/31/2016
7/1/2016jul 16$0.184.11%7/19/20167/21/20167/29/2016
4/1/2016apr 16$0.184.69%4/19/20164/21/20164/29/2016
1/4/2016jan 15$0.184.85%1/19/20161/21/20161/29/2016
10/1/2015oct 15$0.184.9%10/20/201510/22/201510/30/2015
7/1/2015jul 15$0.174.84%7/21/20157/23/20157/31/2015
4/1/2015apr 15$0.174.43%4/20/20154/22/20154/30/2015
1/2/2015jan 15$0.174.58%1/20/20151/22/20151/30/2015
10/1/2014oct 14$0.175.5%10/21/201410/23/201410/31/2014
7/1/2014jul 14$0.175.24%7/21/20147/23/20147/31/2014
4/1/2014apr 14$0.175.41%4/17/20144/22/20144/30/2014
1/2/2014jan 14$0.171/21/20141/23/20141/31/2014
10/1/2013oct 13$0.1710/23/201310/31/2013
7/1/2013jul 13$0.167/23/20137/31/2013
4/1/2013apr 13$0.164/22/20134/30/2013
1/2/2013jan 13$0.161/23/20131/31/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for LTC Properties (NYSE:LTC)
Insider Ownership Percentage: 1.70%
Institutional Ownership Percentage: 82.92%
Insider Trades by Quarter for LTC Properties (NYSE:LTC)
Institutional Ownership by Quarter for LTC Properties (NYSE:LTC)
Insider Trades by Quarter for LTC Properties (NYSE:LTC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/23/2017Timothy TricheDirectorSell4,000$47.02$188,080.00View SEC Filing  
8/30/2016Timothy TricheDirectorSell2,000$52.13$104,260.00View SEC Filing  
6/22/2016Clint B MalinEVPSell2,000$49.52$99,040.00View SEC Filing  
3/21/2016Timothy TricheDirectorSell1,800$44.32$79,776.00View SEC Filing  
2/29/2016Clint B MalinEVPSell4,648$44.52$206,928.96View SEC Filing  
12/24/2015Brent P ChappellSVPSell1,000$42.07$42,070.00View SEC Filing  
12/22/2015Pamela Shelley-KesslerCFOSell10,952$41.76$457,355.52View SEC Filing  
12/1/2014Pamela Shelley-KesslerCFOSell10,000$42.02$420,200.00View SEC Filing  
11/24/2014Caroline WongVPSell6,000$41.19$247,140.00View SEC Filing  
11/20/2014Timothy TricheDirectorSell5,000$40.90$204,500.00View SEC Filing  
11/18/2014Clint B MalinEVPSell20,000$41.40$828,000.00View SEC Filing  
11/18/2014Edmund KingDirectorSell1,000$41.45$41,450.00View SEC Filing  
3/26/2014Edmund KingDirectorSell18,000$37.08$667,440.00View SEC Filing  
3/4/2014Clint MalinEVPSell10,000$39.00$390,000.00View SEC Filing  
11/11/2013Wendy SimpsonCEOSell19,798$38.51$762,420.98View SEC Filing  
3/25/2013Thomas Andrew StokesSVPSell3,258$39.56$128,886.48View SEC Filing  
3/11/2013Thomas Andrew StokesSVPSell2,748$39.33$108,078.84View SEC Filing  
12/24/2012Clint B MalinEVPSell3,000$35.00$105,000.00View SEC Filing  
8/22/2012Thomas Andrew StokesSVPSell7,900$32.91$259,989.00View SEC Filing  
8/21/2012Thomas Andrew StokesSVPSell17,000$33.28$565,760.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for LTC Properties (NYSE:LTC)
Latest Headlines for LTC Properties (NYSE:LTC)
DateHeadline logoLTC Properties, Inc. (NYSE:LTC) Given Consensus Recommendation of "Hold" by Analysts - July 21 at 11:21 AM logoLTC Announces Date of Second Quarter 2017 Earnings Release, Conference Call, and Webcast - July 15 at 6:14 AM logoLTC Properties, Inc. (LTC) Rating Lowered to Hold at BidaskClub - July 8 at 6:00 PM logoLTC Properties, Inc. (NYSE:LTC) to Issue $0.19 Monthly Dividend - July 5 at 6:42 PM logoLTC Properties, Inc. (LTC) Declares $0.19 Monthly Dividend - July 5 at 6:42 PM logoLTC Declares Its Monthly Common Stock Cash Dividend for the Third Quarter of 2017 - July 3 at 8:01 PM logoLTC Properties, Inc. (NYSE:LTC) to Issue Jul 17 Dividend of $0.19 - July 3 at 10:10 AM logoLTC Properties, Inc. (LTC) Rating Increased to Buy at BidaskClub - June 28 at 6:14 PM logoMizuho Reiterates Neutral Rating for LTC Properties, Inc. (LTC) - June 28 at 1:14 PM logoLTC Properties, Inc. (LTC) Earns Hold Rating from Royal Bank Of Canada - June 27 at 7:40 PM logoLTC Properties, Inc. (LTC) Receives Consensus Rating of "Hold" from Analysts - June 26 at 9:30 AM logoLTC Properties, Inc. : LTC-US: Dividend Analysis : June 22nd, 2017 (record date) : By the numbers : June 20, 2017 - June 20 at 7:20 PM logoComparing LTC Properties (LTC) & HCP (HCP) - June 16 at 8:48 PM logoETFs with exposure to LTC Properties, Inc. : June 15, 2017 - June 16 at 7:31 AM logoComparing LTC Properties (LTC) and Sabra Healthcare REIT (SBRA) - June 14 at 8:10 AM logoContrasting LTC Properties (LTC) & Medical Properties Trust (MPW) - June 9 at 10:46 AM logoLTC Properties Breaks Below 200-Day Moving Average - Notable for LTC - June 8 at 7:21 PM logoForm 4 LTC PROPERTIES INC For: Jun 01 Filed by: Shapiro Devra G - June 2 at 5:17 AM logoForm 4 LTC PROPERTIES INC For: Jun 01 Filed by: PIECZYNSKI JAMES - - June 2 at 12:15 AM logoLTC Properties Inc (LTC) Given Consensus Rating of "Hold" by Brokerages - May 30 at 11:28 AM logoLTC Senior Management to Participate in the NAREIT REITWeek 2017 Conference - May 30 at 10:11 AM logoLTC Properties, Inc. breached its 50 day moving average in a Bearish Manner : LTC-US : May 29, 2017 - May 29 at 9:11 AM logoLTC Properties Inc (LTC) Receives "Hold" Rating from Royal Bank of Canada - May 28 at 2:02 PM logoLTC Properties, Inc. : LTC-US: Dividend Analysis : May 23rd, 2017 (record date) : By the numbers : May 23, 2017 - May 23 at 5:56 PM logoLTC Properties, Inc. : LTC-US: Dividend Analysis : May 23rd, 2017 (record date) : By the numbers : May 23, 2017 - May 23 at 5:56 PM logoLTC Properties, Inc. (LTC) Ex-Dividend Date Scheduled for May 19, 2017 - Nasdaq - May 19 at 10:55 AM logoLTC Properties Inc (LTC) Upgraded by Zacks Investment Research to "Hold" - May 19 at 12:46 AM logoEx-Dividend Reminder: Prudential Financial, LTC Properties and NVIDIA - Nasdaq - May 17 at 6:21 PM logoLTC Properties, Inc. breached its 50 day moving average in a Bearish Manner : LTC-US : May 17, 2017 - May 17 at 9:28 AM logoLTC Makes Bullish Cross Above Critical Moving Average - May 15 at 5:45 PM logoBRIEF-LTC Properties reports Q1 FFO per share $0.78 - Reuters - May 10 at 10:57 PM logoDean Investment Associates, Llc Buys NorthWestern Corp, LTC Properties Inc, Dean Foods Co, ... - Nasdaq - May 10 at 10:57 PM logoForm 4 LTC PROPERTIES INC For: May 09 Filed by: TRICHE TIMOTHY - May 10 at 12:42 PM logoEdited Transcript of LTC earnings conference call or presentation 9-May-17 3:00pm GMT - May 10 at 12:42 PM logoLTC Properties Inc (LTC) Lifted to "Neutral" at Hilliard Lyons - May 10 at 12:34 PM logoLTC Properties' (LTC) Buy Rating Reaffirmed at Canaccord Genuity - May 9 at 10:28 PM logoLTC Properties Inc (LTC) Announces Earnings Results - May 9 at 4:32 PM logoLTC Properties Inc (LTC) Given Hold Rating at Stifel Nicolaus - May 9 at 9:14 AM logoLTC reports 1Q results - May 8 at 6:22 PM logoLTC Reports 2017 First Quarter Results - May 8 at 5:58 PM logoLTC Reports 2017 First Quarter Results - May 8 at 5:58 PM logoBuy This 4.8 Percent Yielding Health Care REIT On The Sell-Off - Seeking Alpha - May 8 at 11:11 AM logoLTC Properties (LTC) Receives Daily Coverage Optimism Score of 0.31 - May 4 at 2:18 PM logoLTC Properties Inc (LTC) Given Average Recommendation of "Hold" by Brokerages - May 3 at 11:42 AM logoLTC Properties, Inc. breached its 50 day moving average in a Bearish Manner : LTC-US : May 3, 2017 - May 3 at 9:24 AM logoLTC Properties (LTC) Earning Favorable Media Coverage, Study Finds - May 1 at 12:16 PM logoLTC Properties (LTC) Getting Somewhat Critical News Coverage, Report Finds - April 27 at 6:24 PM logoLTC Properties (LTC) Given Media Sentiment Rating of 0.02 - April 23 at 4:49 PM logoLTC Properties, Inc. : LTC-US: Dividend Analysis : April 20th, 2017 (record date) : By the numbers : April 20, 2017 - April 20 at 6:26 PM logoLTC’s Wendy Simpson to Participate in the Argentum Senior Living Executive Conference - April 18 at 5:47 PM



LTC Properties (LTC) Chart for Sunday, July, 23, 2017

This page was last updated on 7/23/2017 by Staff