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NYSE:LTCLTC Properties Stock Price, Forecast & News

$37.39
+1.36 (+3.77 %)
(As of 05/26/2020 02:06 PM ET)
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Compare
Today's Range
$36.88
Now: $37.39
$37.93
50-Day Range
$27.22
MA: $34.01
$36.62
52-Week Range
$24.49
Now: $37.39
$53.04
Volume12,539 shs
Average Volume377,597 shs
Market Capitalization$1.47 billion
P/E Ratio12.06
Dividend Yield6.33%
Beta0.84
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 30 operating partners. The portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.
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LTC Properties logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.9Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.49 out of 5 stars


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$185.30 million
Cash Flow$3.14 per share
Book Value$19.76 per share

Profitability

Net Income$80.53 million

Miscellaneous

Employees21
Market Cap$1.47 billion
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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LTC Properties (NYSE:LTC) Frequently Asked Questions

How has LTC Properties' stock been impacted by COVID-19 (Coronavirus)?

LTC Properties' stock was trading at $36.99 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LTC shares have increased by 1.1% and is now trading at $37.39. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of LTC Properties?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LTC Properties in the last year. There are currently 4 sell ratings, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for LTC Properties.

When is LTC Properties' next earnings date?

LTC Properties is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for LTC Properties.

How were LTC Properties' earnings last quarter?

LTC Properties Inc (NYSE:LTC) issued its quarterly earnings data on Monday, May, 4th. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.21. The real estate investment trust earned $38.04 million during the quarter, compared to analyst estimates of $37.15 million. LTC Properties had a net margin of 66.42% and a return on equity of 15.60%. View LTC Properties' earnings history.

How often does LTC Properties pay dividends? What is the dividend yield for LTC Properties?

LTC Properties announced a monthly dividend on Friday, April 3rd. Shareholders of record on Monday, June 22nd will be given a dividend of $0.19 per share on Tuesday, June 30th. This represents a $2.28 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date is Friday, June 19th. View LTC Properties' dividend history.

What price target have analysts set for LTC?

7 analysts have issued twelve-month price objectives for LTC Properties' shares. Their forecasts range from $19.00 to $55.00. On average, they expect LTC Properties' stock price to reach $34.29 in the next year. This suggests that the stock has a possible downside of 8.3%. View analysts' price targets for LTC Properties.

Has LTC Properties been receiving favorable news coverage?

Media coverage about LTC stock has trended negative this week, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. LTC Properties earned a daily sentiment score of -2.6 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View the latest news aboutLTC Properties.

Are investors shorting LTC Properties?

LTC Properties saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,590,000 shares, a decrease of 8.1% from the April 30th total of 1,730,000 shares. Based on an average daily volume of 428,700 shares, the short-interest ratio is currently 3.7 days. Currently, 4.1% of the shares of the company are sold short. View LTC Properties' Current Options Chain.

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), Exxon Mobil (XOM), Ventas (VTR), Blackstone Mortgage Trust (BXMT), Verizon Communications (VZ), Endologix (ELGX), Apache (APA), Cisco Systems (CSCO) and Omega Healthcare Investors (OHI).

Who are LTC Properties' key executives?

LTC Properties' management team includes the following people:
  • Ms. Wendy L. Simpson, Chairman, CEO & Pres (Age 70)
  • Ms. Pamela J. Shelley-Kessler C.P.A., 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

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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.53%), State Street Corp (6.67%), Bank of New York Mellon Corp (2.85%), Victory Capital Management Inc. (1.98%), Victory Capital Management Inc. (1.98%) and Geode Capital Management LLC (1.84%). Company insiders that own LTC Properties stock include James Pieczynski, Timothy Triche and Wendy Simpson. View institutional ownership trends for LTC Properties.

Which institutional investors are selling LTC Properties stock?

LTC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, WINTON GROUP Ltd, Invesco Ltd., First Trust Advisors LP, Wells Fargo & Company MN, First National Bank of Omaha, and Clean Yield Group. Company insiders that have sold LTC Properties company stock in the last year include Timothy Triche, and Wendy Simpson. View insider buying and selling activity for LTC Properties.

Which institutional investors are buying LTC Properties stock?

LTC stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Kestrel Investment Management Corp, Martingale Asset Management L P, Bessemer Group Inc., Nuveen Asset Management LLC, Geode Capital Management LLC, Two Sigma Advisers LP, and Federated Hermes Inc.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is LTC Properties' stock price today?

One share of LTC stock can currently be purchased for approximately $37.39.

How big of a company is LTC Properties?

LTC Properties has a market capitalization of $1.47 billion and generates $185.30 million in revenue each year. The real estate investment trust earns $80.53 million in net income (profit) each year or $3.08 on an earnings per share basis. LTC Properties employs 21 workers across the globe.

What is LTC Properties' official website?

The official website for LTC Properties is 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]

This page was last updated on 5/26/2020 by MarketBeat.com Staff

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