LTC Properties - LTC Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for LTC Properties in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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.

7 brokerages have issued 12 month price objectives for LTC Properties' stock. Their LTC share price forecasts range from $35.00 to $47.00. On average, they expect the company's share price to reach $40.43 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price.
View analysts price targets for LTC or view top-rated stocks among Wall Street analysts.

LTC Properties' stock was trading at $34.14 at the beginning of 2022. Since then, LTC stock has increased by 11.4% and is now trading at $38.04.
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LTC Properties saw a drop in short interest in October. As of October 31st, there was short interest totaling 1,030,000 shares, a drop of 7.2% from the October 15th total of 1,110,000 shares. Based on an average trading volume of 241,300 shares, the days-to-cover ratio is currently 4.3 days.
View LTC Properties' Short Interest.

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) released its quarterly 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 had revenue of $40.80 million for the quarter, compared to analyst estimates of $37.08 million. LTC Properties had a net margin of 56.76% and a trailing twelve-month return on equity of 12.12%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 EPS.

LTC Properties declared a monthly dividend on Monday, October 3rd. Shareholders of record on Thursday, December 22nd will be paid a dividend of $0.19 per share on Friday, December 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date is Wednesday, December 21st.
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 5.90%. 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 80.85% 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), APA (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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (18.07%), Vanguard Group Inc. (16.17%), State Street Corp (9.24%), Bank of New York Mellon Corp (2.07%), Dimensional Fund Advisors LP (1.37%) and Advisors Capital Management LLC (1.00%). Insiders that own company stock include James Pieczynski and Timothy Triche.
View institutional ownership trends.

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 $38.04.

LTC Properties (NYSE:LTC) has a market capitalization of $1.54 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.