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: $1.86861 billion
  • Outstanding Shares: 39,564,000
Average Prices:
  • 50 Day Moving Avg: $47.71
  • 200 Day Moving Avg: $48.87
  • 52 Week Range: $43.17 - $52.85
  • Trailing P/E Ratio: 20.70
  • Foreward P/E Ratio: 15.03
  • P/E Growth: 5.41
Sales & Book Value:
  • Annual Revenue: $167.79 million
  • Price / Sales: 11.13
  • Book Value: $19.14 per share
  • Price / Book: 2.47
  • Annual Dividend: $2.28
  • Dividend Yield: 4.8%
  • EBITDA: $147.45 million
  • Net Margins: 53.36%
  • Return on Equity: 11.99%
  • Return on Assets: 6.41%
  • Debt-to-Equity Ratio: 0.85%
  • Current Ratio: 7.84%
  • Quick Ratio: 7.84%
  • Average Volume: 203,473 shs.
  • Beta: 0.16
  • Short Ratio: 5.8

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 Tuesday, October 3rd. Investors of record on Wednesday, November 22nd will be paid a dividend of $0.19 per share on Thursday, November 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Tuesday, November 21st. View LTC Properties' Dividend History.

How were LTC Properties' earnings last quarter?

LTC Properties, Inc. (NYSE:LTC) issued its earnings results on Wednesday, August, 9th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.01. The firm had revenue of $42.47 million for the quarter, compared to the consensus estimate of $35.08 million. LTC Properties had a net margin of 53.36% and a return on equity of 11.99%. View LTC Properties' Earnings History.

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

10 equities research analysts have issued twelve-month target prices for LTC Properties' shares. Their forecasts range from $44.00 to $58.00. On average, they expect LTC Properties' share price to reach $50.50 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. " (9/22/2017)
  • 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

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 $47.19.

MarketBeat Community Rating for LTC Properties (NYSE LTC)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  145 (Vote Outperform)
Underperform Votes:  182 (Vote Underperform)
Total Votes:  327
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: 1 Sell Rating, 6 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.20)
Consensus Price Target: $50.50 (7.01% upside)
Consensus Price Target History for LTC Properties (NYSE:LTC)
Price Target History for LTC Properties (NYSE:LTC)
Analysts' Ratings History for LTC Properties (NYSE:LTC)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
9/25/2017Capital One Financial CorporationInitiated CoverageOverweight$50.00MediumView Rating Details
9/17/2017KeyCorpReiterated RatingHoldMediumView Rating Details
8/13/2017Stifel NicolausSet Price TargetHold$46.00HighView Rating Details
8/11/2017BMO Capital MarketsDowngradeMarket Perform -> Underperform$50.00 -> $44.00HighView Rating Details
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
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 10/17/2015 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
8/9/2017Q2 2017$0.78$0.79$35.08 million$42.47 millionViewListenView Earnings Details
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)
2017 EPS Consensus Estimate: $1.49
2018 EPS Consensus Estimate: $3.00
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q3 20172$0.74$0.75$0.75
Q4 20172$0.74$0.75$0.75
Q1 20181$0.74$0.74$0.74
Q2 20181$0.75$0.75$0.75
Q3 20181$0.75$0.75$0.75
Q4 20181$0.76$0.76$0.76
Q1 20191$0.77$0.77$0.77
Q2 20191$0.78$0.78$0.78
(Data provided by Zacks Investment Research)


Current Dividend Information for LTC Properties (NYSE:LTC)
Next Dividend:11/30/2017
Annual Dividend:$2.28
Dividend Yield:4.83%
Dividend Growth:4.80% (3 Year Average)
Payout Ratio:100.00% (Trailing 12 Months of Earnings)
74.27% (Based on This Year's Estimates)
72.61% (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
10/2/2017oct 17$0.194.84%10/20/201710/23/201710/31/2017
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: 1.50%
Institutional Ownership Percentage: 81.14%
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: 4.8 Percent Yielding Monthly-Paying Health Care ... - Seeking Alpha - October 16 at 3:23 PM logoLTC Properties Inc (LTC) And The Real Estate Industry Prospect For 2017 - October 16 at 3:23 PM logo$5,856: Bitcoin Price Hits New Record High - October 13 at 6:30 AM logoLTC Properties Stock Sees Short Interest Fall 31.7% - October 12 at 6:43 AM logoLTC Properties, Inc. : LTC-US: Dividend Analysis : September 21st, 2017 (record date) : By the numbers : October 10, 2017 - October 10 at 8:01 PM logoLTC Declares Its Monthly Common Stock Cash Dividend for the Fourth Quarter of 2017 - Business Wire (press release) - October 4 at 6:07 AM logoLTC Properties, Inc. (LTC) Receives Average Recommendation of "Hold" from Analysts - October 4 at 5:20 AM logoLTC Properties, Inc. to Issue Monthly Dividend of $0.19 (LTC) - October 3 at 6:04 PM logoLTC Properties, Inc. Announces Monthly Dividend of $0.19 (LTC) - October 3 at 6:04 PM logoLTC Declares Its Monthly Common Stock Cash Dividend for the Fourth Quarter of 2017 - October 2 at 12:12 PM logoLTC Properties, Inc. (LTC) Plans $0.19 Oct 17 Dividend - October 2 at 10:54 AM logoCapital One Financial Corporation Comments on LTC Properties, Inc.'s Q3 2017 Earnings (LTC) - September 27 at 8:28 AM logoRetirement Strategy: What's Wrong With Apple? - September 26 at 9:39 AM logoLTC Properties, Inc. (LTC) Research Coverage Started at Capital One Financial Corporation - September 25 at 9:38 AM logoDividend Coverage: This Senior Healthcare REIT has a Dividend Yield of 4.66%; Will Trade Ex-Dividend on September 20, 2017 - September 20 at 5:11 AM logoKeyCorp Reiterates "Hold" Rating for LTC Properties, Inc. (LTC) - September 17 at 9:36 AM logoDoes LTC Properties Inc’s (LTC) PE Ratio Signal A Buying Opportunity? - September 16 at 6:11 AM logoFinancial Review: Global Medical REIT (GMRE) versus LTC Properties (LTC) - September 12 at 9:02 AM logoLTC Properties, Inc. (LTC) Receives Consensus Rating of "Hold" from Analysts - September 9 at 4:50 AM logoLTC Properties, Inc. to Post FY2017 Earnings of $3.05 Per Share, Cantor Fitzgerald Forecasts (LTC) - September 7 at 8:46 AM logoLTC Properties, Inc. : LTC-US: Dividend Analysis : August 23rd, 2017 (record date) : By the numbers : August 25, 2017 - August 26 at 6:56 AM logoLTC Properties, Inc. : LTC-US: Dividend Analysis : August 23rd, 2017 (record date) : By the numbers : August 25, 2017 - August 26 at 6:56 AM logoLTC Properties, Inc. (LTC) Ex-Dividend Date Scheduled... - August 18 at 9:42 PM logoLTC Properties, Inc. (LTC) to Post Q3 2017 Earnings of $0.75 Per Share, KeyCorp Forecasts - August 18 at 6:42 AM logoSee what the IHS Markit Score report has to say about LTC Properties Inc. - August 16 at 4:12 PM logoLTC Properties, Inc. (NYSE:LTC) Receives Average Rating of "Hold" from Analysts - August 15 at 2:38 AM logoLTC Properties falls nearly 4% after downgrade - Seeking Alpha - August 13 at 7:00 PM logoLTC Properties, Inc. (LTC) Downgraded to Underperform at BMO Capital Markets - August 13 at 5:16 PM logoLTC Properties Enters Oversold Territory - August 12 at 7:32 PM logoLTC Properties: Dividend Growth Machine - August 12 at 3:21 AM logoLTC Properties (LTC) Shares Cross Below 200 DMA - August 12 at 3:21 AM logoLTC Properties falls nearly 4% after downgrade - August 11 at 10:38 AM logoInvestor Network: LTC Properties, Inc. to Host Earnings Call - August 11 at 6:12 AM logoEdited Transcript of LTC earnings conference call or presentation 10-Aug-17 3:00pm GMT - August 11 at 6:12 AM logoLTC Properties, Inc. (LTC) Posts Earnings Results - August 11 at 12:40 AM logoLTC Reports 2017 Second Quarter Results - August 10 at 3:37 AM logoLTC reports 2Q results - August 10 at 3:37 AM logoLTC Properties, Inc. breached its 50 day moving average in a Bearish Manner : LTC-US : August 3, 2017 - August 4 at 12:53 AM logoLTC Announces Date Change of Second Quarter 2017 Earnings Release, Conference Call and Webcast - July 28 at 2:45 AM logoLTC Properties, Inc. (LTC) Forecasted to Post FY2017 Earnings of $3.14 Per Share - July 27 at 9:59 AM logoLTC Properties, Inc. (LTC) Expected to Post FY2018 Earnings of $3.28 Per Share - July 26 at 3:52 PM 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. (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 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



LTC Properties (LTC) Chart for Tuesday, October, 17, 2017

This page was last updated on 10/17/2017 by Staff

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