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: REIT - Healthcare Facilities
  • Sub-Industry: Specialized REITs
  • Symbol: NYSE:LTC
  • CUSIP: 50217510
  • Web:
  • Market Cap: $1.9 billion
  • Outstanding Shares: 39,573,000
Average Prices:
  • 50 Day Moving Avg: $48.29
  • 200 Day Moving Avg: $46.94
  • 52 Week Range: $43.17 - $54.20
  • Trailing P/E Ratio: 21.61
  • Foreward P/E Ratio: 20.93
  • P/E Growth: 5.50
Sales & Book Value:
  • Annual Revenue: $165.48 million
  • Price / Sales: 11.46
  • Book Value: $19.03 per share
  • Price / Book: 2.52
  • Annual Dividend: $2.28
  • Dividend Yield: 4.7%
  • EBIDTA: $147.17 million
  • Net Margins: 52.34%
  • Return on Equity: 11.71%
  • Return on Assets: 6.14%
  • Debt-to-Equity Ratio: 0.80%
  • Current Ratio: 6.91%
  • Quick Ratio: 6.91%
  • Average Volume: 189,079 shs.
  • Beta: 0.19
  • Short Ratio: 9.96

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, April 4th. Shareholders of record on Thursday, June 22nd will be given a dividend of $0.19 per share on Friday, June 30th. This represents a $2.28 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend is Tuesday, June 20th. View LTC Properties' Dividend History.

How were LTC Properties' earnings last quarter?

LTC Properties Inc (NYSE:LTC) issued its quarterly 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 had revenue of $42.62 million for the quarter, compared to the consensus estimate of $34.82 million. LTC Properties had a return on equity of 11.71% and a net margin of 52.34%. View LTC Properties' Earnings History.

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

8 analysts have issued 1 year price objectives for LTC Properties' stock. Their predictions range from $50.00 to $58.00. On average, they expect LTC Properties' share price to reach $52.67 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 owns LTC Properties stock?

LTC Properties' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (16.19%), BlackRock Inc. (15.37%), State Street Corp (3.74%), Victory Capital Management Inc. (2.50%), Uniplan Investment Counsel Inc. (1.77%) and Bank of New York Mellon Corp (1.72%). 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 Goldman Sachs Group Inc., JPMorgan Chase & Co., James Investment Research Inc., Morgan Stanley, Wedge Capital Management L L P NC, Baird Financial Group Inc., Nationwide Fund Advisors and AQR Capital Management LLC. Company insiders that have sold LTC Properties stock in the last year include Clint B Malin and Timothy Triche. View Insider Buying and Selling for LTC Properties.

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

LTC Properties' stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Victory Capital Management Inc., Vanguard Group Inc., Dean Investment Associates LLC, State Street Corp, Dean Capital Management, Tributary Capital Management LLC and Dimensional Fund Advisors LP. 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.

How much does a share of LTC Properties stock cost?

One share of LTC Properties stock can currently be purchased for approximately $47.92.

Analyst Ratings

Consensus Ratings for LTC Properties (NYSE:LTC) (?)
Ratings Breakdown: 6 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.25)
Consensus Price Target: $52.67 (9.91% upside)

Analysts' Ratings History for LTC Properties (NYSE:LTC)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/23/2017Royal Bank of CanadaReiterated RatingHold$50.00LowView 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
7/18/2016MizuhoDowngradeBuy -> Neutral$53.00N/AView Rating Details
12/8/2015Mitsubishi UFJ Financial Group IncReiterated RatingOverweightN/AView Rating Details
(Data available from 5/28/2015 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:6/30/2017
Annual Dividend:$2.28
Dividend Yield:4.76%
Dividend Growth:4.80% (3 Year Average)
Payout Ratio:105.56% (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
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: 85.19%
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. : 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 logoLTC Announces Date of First Quarter 2017 Earnings Release, Conference Call, and Webcast - April 18 at 10:37 AM logoFavorable Media Coverage Likely to Impact LTC Properties (LTC) Stock Price - April 17 at 8:21 PM logoSomewhat Favorable News Coverage Unlikely to Effect LTC Properties (LTC) Stock Price - April 13 at 7:47 PM logoLTC Properties Inc (LTC) Stock Rating Upgraded by Zacks Investment Research - April 13 at 12:41 AM logoLTC Properties Inc to Issue Monthly Dividend of $0.19 (LTC) - April 4 at 6:22 PM logoLTC Properties Inc (LTC) to Issue Monthly Dividend of $0.19 - April 4 at 6:22 PM logoLTC Declares Its Monthly Common Stock Cash Dividend for the Second Quarter of 2017 - April 4 at 9:00 AM logoLTC Properties Inc (LTC) to Issue Apr 17 Dividend of $0.19 - April 3 at 12:14 PM logoLTC Properties Inc (LTC) Upgraded at Zacks Investment Research - March 29 at 7:05 AM logoSum Up The Parts: RWR Could Be Worth $100 - March 28 at 10:39 AM logoTimothy Triche Sells 4,000 Shares of LTC Properties Inc (LTC) Stock - March 24 at 7:23 PM logoLTC Properties Inc (LTC) Raised to "Hold" at Zacks Investment Research - March 24 at 12:34 AM logoLTC Properties’ (LTC) “Overweight” Rating Reiterated at Cantor Fitzgerald - March 19 at 10:42 PM logoLTC Properties Inc (LTC) Lowered to “Sell” at Zacks Investment Research - March 19 at 5:42 PM logoLTC Properties: This 5% Yielding, Monthly Paying Healthcare REIT Is A Buy For Dividend Investors - March 19 at 5:39 PM logoMonthly Dividend Paying Stocks - Strong Income Investments Amid Volatile Financial Times - March 13 at 6:06 PM logoLTC Properties Inc (LTC) Given Consensus Rating of “Hold” by Analysts - March 13 at 1:17 PM logoZacks Investment Research Upgrades LTC Properties Inc (LTC) to Hold - March 11 at 12:32 PM logoLTC Properties Becomes Oversold - Nasdaq - March 11 at 12:36 AM logoLTC’s Wendy Simpson to Participate in the NIC Spring Investment Forum - March 9 at 6:09 PM logoLTC Properties' Chairman, CEO, and President interviewed by Advisor Access - March 7 at 10:35 AM logoLTC PROPERTIES INC Financials - February 28 at 6:30 PM logoEdited Transcript of LTC earnings conference call or presentation 23-Feb-17 4:00pm GMT - February 23 at 11:23 PM



LTC Properties (LTC) Chart for Sunday, May, 28, 2017

This page was last updated on 5/28/2017 by Staff