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, 3 hold ratings and 2 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 Wall Street analysts have issued 1 year target prices for LTC Properties' shares. Their LTC share price forecasts range from $35.00 to $47.00. On average, they anticipate the company's share price to reach $40.14 in the next twelve months. This suggests a possible upside of 7.6% from the stock's current price.
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LTC Properties' stock was trading at $35.53 at the beginning of 2023. Since then, LTC shares have increased by 5.0% and is now trading at $37.30.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our LTC earnings forecast.

LTC Properties, Inc. (NYSE:LTC) posted its earnings results on Thursday, April, 28th. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.62 by $0.26. The real estate investment trust earned $40.80 million during the quarter, compared to the consensus estimate of $37.08 million. LTC Properties had a trailing twelve-month return on equity of 12.12% and a net margin of 56.76%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 earnings per share.

LTC Properties declared a monthly dividend on Thursday, January 5th. Investors 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 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date is Wednesday, March 22nd.
Read our dividend analysis for LTC.

LTC Properties (NYSE:LTC) pays an annual dividend of $2.28 per share and currently has a dividend yield of 6.25%. LTC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 96.61%. 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 82.91% 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 variety of institutional and retail investors. Top institutional shareholders include Keudell Morrison Wealth Management (0.12%), State of Alaska Department of Revenue (0.12%), Strs Ohio (0.10%), Exchange Traded Concepts LLC (0.08%), Yousif Capital Management LLC (0.06%) and Comerica Bank (0.06%). Insiders that own company stock include Caroline Chikhale, James Pieczynski and Timothy Triche.
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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 $37.30.

LTC Properties (NYSE:LTC) has a market capitalization of $1.51 billion and generates $155.32 million in revenue each year. The real estate investment trust earns $55.86 million in net income (profit) each year or $2.36 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.