LTC Properties (NYSE: LTC) is a self-administered real estate investment trust that primarily invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including preferred equity and mezzanine lending. At June 30, 2018, LTC had 199 investments located in 28 states comprising 102 assisted living communities, 96 skilled nursing centers and one behavioral health care hospital. Assisted living communities, independent living communities, memory care communities and combinations thereof are included in the assisted living property type.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Current SymbolNYSE:LTC
Previous Symbol
CUSIP50217510
Phone805-981-8655
Debt
Debt-to-Equity Ratio0.81
Current Ratio8.91
Quick Ratio8.91
Price-To-Earnings
Trailing P/E Ratio14.69
Forward P/E Ratio15.13
P/E Growth3.79
Sales & Book Value
Annual Sales$168.07 million
Price / Sales10.75
Cash Flow$3.21 per share
Price / Cash14.19
Book Value$19.17 per share
Price / Book2.38
Profitability
EPS (Most Recent Fiscal Year)$3.10
Net Income$87.34 million
Net Margins86.31%
Return on Equity18.31%
Return on Assets9.63%
Miscellaneous
Employees20
Outstanding Shares39,660,000
Market Cap$1.81 billion
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 dividend on Monday, October 1st. Stockholders of record on Wednesday, November 21st will be paid a dividend of $0.19 per share on Friday, November 30th. The ex-dividend date is Tuesday, November 20th. View LTC Properties' Dividend History.
How were LTC Properties' earnings last quarter?
LTC Properties Inc (NYSE:LTC) posted its quarterly earnings results on Monday, November, 5th. The real estate investment trust reported $0.88 EPS for the quarter, topping the Zacks' consensus estimate of $0.75 by $0.13. The real estate investment trust had revenue of $34.21 million for the quarter, compared to analysts' expectations of $34.12 million. LTC Properties had a net margin of 86.31% and a return on equity of 18.31%. View LTC Properties' Earnings History.
When is LTC Properties' next earnings date?
What price target have analysts set for LTC?
5 equities research analysts have issued 12 month price targets for LTC Properties' stock. Their forecasts range from $38.00 to $46.00. On average, they expect LTC Properties' stock price to reach $41.40 in the next year. This suggests that the stock has a possible downside of 9.1%. View Analyst Price Targets for LTC Properties.
What is the consensus analysts' recommendation for LTC Properties?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LTC Properties in the last year. There are currently 2 sell ratings, 2 hold ratings 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. " (11/10/2018)
- 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 coverage about LTC stock has trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. LTC Properties earned a media sentiment score of 0.7 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
Who are some of LTC Properties' key competitors?
Some companies that are related to LTC Properties include Macerich (MAC), Gaming and Leisure Properties (GLPI), Kilroy Realty (KRC), Apartment Investment and Management (AIV), Omega Healthcare Investors (OHI), Kimco Realty (KIM), Liberty Property Trust (LPT), Store Capital (STOR), Douglas Emmett (DEI), Medical Properties Trust (MPW), American Homes 4 Rent (AMH), New Residential Investment (NRZ), Starwood Property Trust (STWD), CyrusOne (CONE) and American Campus Communities (ACC).
Who are LTC Properties' key executives?
LTC Properties' management team includes the folowing people:
- Ms. Wendy L. Simpson, Chairman, CEO & Pres (Age 69)
- Ms. Pamela J. Shelley-Kessler CPA, CPA, Exec. VP, CFO & Corp. Sec. (Age 52)
- Mr. Clint B. Malin, Exec. VP & Chief Investment Officer (Age 45)
- 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 a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.21%), Victory Capital Management Inc. (4.10%), Bank of New York Mellon Corp (1.85%), Dimensional Fund Advisors LP (1.57%), Uniplan Investment Counsel Inc. (1.45%) and JPMorgan Chase & Co. (1.14%). Company insiders that own LTC Properties stock include Boyd W Hendrickson, James Pieczynski and Timothy Triche. View Institutional Ownership Trends for LTC Properties.
Which major investors are selling LTC Properties stock?
LTC stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, Uniplan Investment Counsel Inc., JPMorgan Chase & Co., JPMorgan Chase & Co., Schroder Investment Management Group, Renaissance Technologies LLC, First Trust Advisors LP and Credit Suisse AG. Company insiders that have sold LTC Properties company stock in the last year include Boyd W Hendrickson and Timothy Triche. View Insider Buying and Selling for LTC Properties.
Which major investors are buying LTC Properties stock?
LTC stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Russell Investments Group Ltd., Tributary Capital Management LLC, Connor Clark & Lunn Investment Management Ltd., Bank of New York Mellon Corp, Campbell & CO Investment Adviser LLC, Albert D Mason Inc. and Nisa Investment Advisors LLC. 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 $45.55.
How big of a company is LTC Properties?
LTC Properties has a market capitalization of $1.81 billion and generates $168.07 million in revenue each year. The real estate investment trust earns $87.34 million in net income (profit) each year or $3.10 on an earnings per share basis. LTC Properties employs 20 workers across the globe.
What is LTC Properties' official website?
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)
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.
