NYSE:LTC - LTC Properties Stock Price, News, & Analysis

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$45.68 -0.10 (-0.22 %)
(As of 05/23/2019 10:49 AM ET)
Previous Close$45.78
Today's Range$45.59 - $45.73
52-Week Range$38.62 - $48.13
Volume426 shs
Average Volume185,777 shs
Market Capitalization$1.82 billion
P/E Ratio14.91
Dividend Yield4.99%
Beta0.47
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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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$168.65 million
Cash Flow$4.9013 per share
Book Value$19.83 per share

Profitability

Net Income$154.98 million

Miscellaneous

Employees21
Market Cap$1.82 billion
Next Earnings Date8/14/2019 (Estimated)
OptionableOptionable

LTC Properties (NYSE:LTC) Frequently Asked Questions

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 2nd. Shareholders of record on Thursday, June 20th will be given a dividend of $0.19 per share on Friday, June 28th. This represents a $2.28 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Wednesday, June 19th. View LTC Properties' Dividend History.

How were LTC Properties' earnings last quarter?

LTC Properties Inc (NYSE:LTC) released its quarterly earnings data on Thursday, May, 9th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $0.74 by $0.23. The real estate investment trust earned $28.02 million during the quarter, compared to the consensus estimate of $33.02 million. LTC Properties had a return on equity of 19.07% and a net margin of 95.25%. View LTC Properties' Earnings History.

When is LTC Properties' next earnings date?

LTC Properties is scheduled to release their next quarterly earnings announcement on Wednesday, August 14th 2019. View Earnings Estimates for LTC Properties.

What price target have analysts set for LTC?

4 analysts have issued 12 month target prices for LTC Properties' shares. Their predictions range from $40.00 to $46.00. On average, they expect LTC Properties' stock price to reach $42.25 in the next twelve months. This suggests that the stock has a possible downside of 7.4%. View Analyst Price Targets for LTC Properties.

What is the consensus analysts' recommendation for LTC Properties?

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

What are Wall Street 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. " (5/17/2019)
  • 2. Cantor Fitzgerald analysts commented, "We are reiterating our Overweight rating on LTC, and we are raising price target to $46 from $45, and raising our 2018-19 outlook modesly on evidence that Anthem is stabilizing and its increased liquidity, which we believe could herald some pickup in acquisitions, after a relatively long slow spell. LTC’s 2Q18 numbers were in-line with our estimates, although normalized AFFO was higher (lower straight line rent), and the company raised its FFO guidance by $0.03. LTC was relatively active in 2Q18, selling the Sunrise portfolio (six properties), establishing relationships with five new private pay regional operators, acquiring two memory care communities in Texas, and amending its credit agreement." (8/9/2018)

Has LTC Properties been receiving favorable news coverage?

Media headlines about LTC stock have trended very negative this week, according to InfoTrie. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. LTC Properties earned a news impact score of -3.8 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days.

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 Realty Income (O), AT&T (T), Blackstone Mortgage Trust (BXMT), Endologix (ELGX), Apache (APA), Exxon Mobil (XOM), Ventas (VTR), Archer Daniels Midland (ADM), Omega Healthcare Investors (OHI) and Chipotle Mexican Grill (CMG).

Who are LTC Properties' key executives?

LTC Properties' management team includes the folowing 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

Who are LTC Properties' major shareholders?

LTC Properties' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (17.48%), Victory Capital Management Inc. (2.76%), Northern Trust Corp (2.33%), Dimensional Fund Advisors LP (1.54%), Geode Capital Management LLC (1.46%) and Charles Schwab Investment Management Inc. (1.36%). Company insiders that own LTC Properties stock include Boyd W Hendrickson, James Pieczynski and Timothy Triche. 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 JPMorgan Chase & Co., Morgan Stanley, TD Asset Management Inc., Alps Advisors Inc., Victory Capital Management Inc., Renaissance Technologies LLC, First Trust Advisors LP and Connor Clark & Lunn Investment Management Ltd.. View Insider Buying and Selling 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 PNC Financial Services Group Inc., Tributary Capital Management LLC, Virginia Retirement Systems ET AL, Geode Capital Management LLC, BlackRock Inc., Goldman Sachs Group Inc., Raymond James & Associates and Charles Schwab Investment Management Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is LTC Properties' stock price today?

One share of LTC stock can currently be purchased for approximately $45.61.

How big of a company is LTC Properties?

LTC Properties has a market capitalization of $1.81 billion and generates $168.65 million in revenue each year. The real estate investment trust earns $154.98 million in net income (profit) each year or $3.06 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 http://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]


MarketBeat Community Rating for LTC Properties (NYSE LTC)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  268 (Vote Outperform)
Underperform Votes:  339 (Vote Underperform)
Total Votes:  607
MarketBeat's community ratings are surveys of what our community members think about LTC Properties and other stocks. Vote "Outperform" if you believe LTC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LTC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/23/2019 by MarketBeat.com Staff

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