LTC Properties - LTC Stock Forecast, Price & News

7 Wall Street 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 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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7 brokerages have issued 12-month target prices for LTC Properties' stock. Their LTC share price forecasts range from $35.00 to $47.00. On average, they anticipate the company's stock price to reach $40.14 in the next year. This suggests a possible upside of 19.5% from the stock's current price.
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LTC Properties' stock was trading at $35.53 at the start of the year. Since then, LTC stock has decreased by 5.5% and is now trading at $33.59.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our LTC earnings forecast.

LTC Properties, Inc. (NYSE:LTC) issued its quarterly earnings data on Thursday, April, 28th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.26. The real estate investment trust had revenue of $40.80 million for 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 business's revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 earnings per share.

LTC Properties declared a monthly dividend on Tuesday, January 3rd. Shareholders of record on Thursday, March 23rd will be paid a dividend of $0.19 per share on Friday, March 31st. This represents a $2.28 annualized dividend and a dividend yield of 6.79%. The ex-dividend date of this dividend is Wednesday, March 22nd.
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), Hoya Capital High Dividend Yield ETF (RIET), ETC 6 Meridian Small Cap Equity ETF (SIXS), SPDR S&P Global Dividend ETF (WDIV), Cambria Global Real Estate ETF (BLDG), Invesco S&P SmallCap Financials ETF (PSCF), Arrow Dow Jones Global Yield ETF (GYLD) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM).

LTC Properties (NYSE:LTC) pays an annual dividend of $2.28 per share and currently has a dividend yield of 6.87%. 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.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "LTC."

LTC Properties' stock is owned by a number of retail and institutional 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.

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.
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One share of LTC stock can currently be purchased for approximately $33.59.

LTC Properties (NYSE:LTC) has a market capitalization of $1.39 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.

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.