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NYSE:LTC

LTC Properties - LTC Stock Forecast, Price & News

$37.90
-0.76 (-1.97%)
(As of 02/3/2023 12:19 PM ET)
Add
Compare
Today's Range
$37.85
$38.46
50-Day Range
$35.11
$39.74
52-Week Range
$32.23
$45.49
Volume
76,450 shs
Average Volume
326,437 shs
Market Capitalization
$1.54 billion
P/E Ratio
16.06
Dividend Yield
5.95%
Price Target
$40.14

LTC Properties MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.8% Upside
$40.14 Price Target
Short Interest
Healthy
2.34% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.48mentions of LTC Properties in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$216,550 Sold Last Quarter
Proj. Earnings Growth
8.70%
From $2.53 to $2.75 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.96 out of 5 stars

Finance Sector

612th out of 865 stocks

Real Estate Investment Trusts Industry

135th out of 189 stocks

LTC stock logo

About LTC Properties (NYSE:LTC) Stock

LTC Properties, Inc. is a real estate investment trust, which engages in managing seniors housing and health care properties. Its property portfolio includes skilled nursing facilities, assisted living facilities, independent living facilities, and memory care facilities. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.

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LTC Stock News Headlines

Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Apple, Amazon, and Walmart are Investing in Solar Energy
The global market for solar energy is expected to be worth an astronomical $1 trillion by the end of 2028, with increasing adoption of solar by commercial, non-profit, and public entities. Even Fortune 500 companies such as Apple, Amazon, and Walmart are investing in solar to help save money over the long term. So it's little wonder solar is also becoming one of the fastest growing sectors in the U.S. stock market.
LTC Properties Reports Advance In Q3 Income, but misses estimates
Earnings Preview: LTC Properties
3 REITs For Passive Income
10 Best Monthly Dividend Stocks to Buy in October
JMP Securities Keeps Their Hold Rating on LTC Properties (LTC)
See More Headlines
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LTC Company Calendar

Last Earnings
4/28/2022
Today
2/03/2023
Ex-Dividend for 2/28 Dividend
2/16/2023
Next Earnings (Confirmed)
2/16/2023
Dividend Payable
2/28/2023
Ex-Dividend for 3/31 Dividend
3/22/2023
Dividend Payable
3/31/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
50217510
Employees
25
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$40.14
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+5.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$55.86 million
Pretax Margin
57.16%

Debt

Sales & Book Value

Annual Sales
$155.32 million
Cash Flow
$2.38 per share
Book Value
$18.92 per share

Miscellaneous

Free Float
39,614,000
Market Cap
$1.54 billion
Optionable
Optionable
Beta
0.96

Key Executives

  • Wendy L. Simpson
    Chairman & Chief Executive Officer
  • Pamela J. Shelley-Kessler
    Co-President, Chief Financial Officer & Secretary
  • Clint B. Malin
    Co-President & Chief Investment Officer
  • Caroline L. Chikhale
    Treasurer, Chief Accounting Officer & Executive VP
  • Douglas A. Korey
    Managing Director-Business Development, SVP













LTC Stock - Frequently Asked Questions

Should I buy or sell LTC Properties stock right now?

7 Wall Street research 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 research 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.
View LTC analyst ratings
or view top-rated stocks.

What is LTC Properties' stock price forecast for 2023?

7 Wall Street analysts have issued 1 year price objectives for LTC Properties' stock. 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 3.8% from the stock's current price.
View analysts price targets for LTC
or view top-rated stocks among Wall Street analysts.

How have LTC shares performed in 2023?

LTC Properties' stock was trading at $35.53 at the beginning of 2023. Since then, LTC stock has increased by 8.8% and is now trading at $38.66.
View the best growth stocks for 2023 here
.

When is LTC Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our LTC earnings forecast
.

How can I listen to LTC Properties' earnings call?

LTC Properties will be holding an earnings conference call on Friday, February 17th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 226-828-7578 with passcode "340552".

How were LTC Properties' earnings last quarter?

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

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

LTC Properties declared a monthly dividend on Thursday, January 5th. Shareholders of record on Thursday, March 23rd will be given a dividend of $0.19 per share on Friday, March 31st. This represents a $2.28 annualized dividend and a dividend yield of 5.90%. The ex-dividend date of this dividend is Wednesday, March 22nd.
Read our dividend analysis for LTC
.

Is LTC Properties a good dividend stock?

LTC Properties (NYSE:LTC) pays an annual dividend of $2.28 per share and currently has a dividend yield of 5.98%. 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.

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), STAG Industrial (STAG), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Verizon Communications (VZ), EPR Properties (EPR).

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 institutional and retail investors. Top institutional shareholders include New York State Teachers Retirement System (0.19%), Keudell Morrison Wealth Management (0.12%), State of Alaska Department of Revenue (0.12%), Nisa Investment Advisors LLC (0.11%), Sumitomo Mitsui Trust Holdings Inc. (0.11%) and New York State Common Retirement Fund (0.10%). Insiders that own company stock include Caroline Chikhale, James Pieczynski, Timothy Triche and Wendy Simpson.
View institutional ownership trends
.

How do I buy shares of LTC Properties?

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.
Compare Top Brokerages Here.

What is LTC Properties' stock price today?

One share of LTC stock can currently be purchased for approximately $38.66.

How much money does LTC Properties make?

LTC Properties (NYSE:LTC) has a market capitalization of $1.57 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.

How can I contact LTC Properties?

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.

This page (NYSE:LTC) was last updated on 2/3/2023 by MarketBeat.com Staff