LTC Properties Stock Forecast, Price & News

LTC Properties' stock was trading at $36.99 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, LTC shares have increased by 9.5% and is now trading at $40.52.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LTC Properties in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" LTC Properties stock. 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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LTC Properties is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for LTC Properties.

LTC Properties, Inc. (NYSE:LTC) released its quarterly earnings data on Thursday, October, 29th. The real estate investment trust reported $0.31 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.71 by $0.40. LTC Properties had a return on equity of 11.41% and a net margin of 56.46%.
View LTC Properties' earnings history.

LTC Properties announced a monthly dividend on Wednesday, January 6th. Shareholders of record on Tuesday, March 23rd will be given a dividend of $0.19 per share on Wednesday, March 31st. This represents a $2.28 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date of this dividend is Monday, March 22nd.
View LTC Properties' dividend history.

LTC Properties pays an annual dividend of $2.28 per share and currently has a dividend yield of 5.54%. LTC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. LTC Properties does not yet have a strock track record of dividend growth. The dividend payout ratio of LTC Properties is 74.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, LTC Properties will have a dividend payout ratio of 79.44% in the coming year. This indicates that LTC Properties may not be able to sustain their current dividend.
View LTC Properties' dividend history.

8 analysts have issued 1 year price targets for LTC Properties' stock. Their forecasts range from $30.00 to $55.00. On average, they expect LTC Properties' stock price to reach $37.86 in the next year. This suggests that the stock has a possible downside of 6.6%.
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LTC Properties saw a increase in short interest in December. As of December 31st, there was short interest totaling 660,200 shares, an increase of 20.6% from the December 15th total of 547,600 shares. Based on an average daily trading volume, of 248,700 shares, the short-interest ratio is currently 2.7 days. Approximately 1.7% of the shares of the company are short sold.
View LTC Properties' Short Interest.

Some companies that are related to LTC Properties include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), Extra Space Storage (EXR), HCP (HCP), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Rayonier (RYN), Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP) and Sabra Health Care REIT (SBRA).
View all of LTC's competitors.

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), (APA) and EPR Properties (EPR).

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

LTC Properties' stock is owned by many different institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.11%), Albert D Mason Inc. (0.06%), Crossmark Global Holdings Inc. (0.04%) and Redpoint Investment Management Pty Ltd (0.02%). Company insiders that own LTC Properties stock include James Pieczynski, Timothy Triche and Wendy Simpson.
View institutional ownership trends for LTC Properties.

LTC stock was sold by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., State of Alaska Department of Revenue, and Albert D Mason Inc..
View insider buying and selling activity for LTC Properties or view top insider-selling stocks.

LTC stock was acquired by a variety of institutional investors in the last quarter, including Redpoint Investment Management Pty Ltd.
View insider buying and selling activity for LTC Properties or or view top insider-buying stocks.

Shares of LTC 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.

One share of LTC stock can currently be purchased for approximately $40.52.

LTC Properties has a market capitalization of $1.59 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 22 workers across the globe.

The official website for LTC Properties is www.ltcreit.com.

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]