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 mezzanine lending. At December 31, 2017, LTC had 202 investments located in 29 states comprising 105 assisted living communities, 96 skilled nursing centers and 1 behavioral health care hospital. Assisted living communities, independent living communities, memory care communities and combinations thereof are included in the assisted living property type. For more information on LTC Properties, Inc., visit the Company's website at www.LTCreit.com, or connect with us on Twitter @LTCreit and LinkedIn.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
SymbolNYSE:LTC
CUSIP50217510
Phone805-981-8655
Debt
Debt-to-Equity Ratio0.91
Current Ratio9.69
Quick Ratio9.69
Price-To-Earnings
Trailing P/E Ratio13.68
Forward P/E Ratio14.09
P/E Growth3.51
Sales & Book Value
Annual Sales$168.07 million
Price / Sales10.00
Cash Flow$3.2226 per share
Price / Cash13.16
Book Value$19.17 per share
Price / Book2.21
Profitability
EPS (Most Recent Fiscal Year)$3.10
Net Income$87.34 million
Net Margins51.43%
Return on Equity11.36%
Return on Assets5.92%
Miscellaneous
Employees20
Outstanding Shares39,630,000
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 3rd. Investors of record on Thursday, June 21st will be paid a dividend of $0.19 per share on Friday, June 29th. This represents a $2.28 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date is Wednesday, June 20th. View LTC Properties' Dividend History.
How were LTC Properties' earnings last quarter?
LTC Properties Inc (NYSE:LTC) released its quarterly earnings data on Wednesday, May, 9th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.52 by $0.01. The real estate investment trust earned $41.81 million during the quarter, compared to analysts' expectations of $34.17 million. LTC Properties had a net margin of 51.43% and a return on equity of 11.36%. During the same period in the previous year, the company posted $0.54 earnings per share. View LTC Properties' Earnings History.
When is LTC Properties' next earnings date?
What price target have analysts set for LTC?
7 analysts have issued twelve-month target prices for LTC Properties' shares. Their forecasts range from $38.00 to $50.00. On average, they expect LTC Properties' share price to reach $42.1667 in the next year. 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. " (5/18/2018)
- 2. Cantor Fitzgerald analysts commented, "Updating 2018-19 outlook. We are adjusting our outlook slightly to reflect 1Q18 results. We are trimming our 2018 revenue estimate to $166 million from $167 million, our nFFO estimate to $2.99 from $3.00, and our nAFFO estimate to $2.55 from $2.64. Our 2019 estimates include revenue of $172 million, nFFO of $3.10 (vs. $3.12 consensus) and nAFFO of $2.66 (vs. $3.03 consensus)." (5/10/2018)
Who are some of LTC Properties' key competitors?
Some companies that are related to LTC Properties include National Retail Properties (NNN), Apartment Investment and Management (AIV), Liberty Property Trust (LPT), American Homes 4 Rent (AMH), Omega Healthcare Investors (OHI), New Residential Investment (NRZ), DCT Industrial Trust (DCT), RioCan Real Estate Investment Trust (RIOCF), Starwood Property Trust (STWD), American Campus Communities (ACC), CubeSmart (CUBE), Howard Hughes (HHC), CyrusOne (CONE), Hammerson (HMSNF) and Healthcare Trust Of America (HTA).
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. & Principal Accounting Officer (Age 52)
- Mr. Clint B. Malin, Chief Investment Officer and Exec. VP (Age 46)
- Ms. Mandi Hogan, VP of Marketing
- Ms. Caroline L. Chikhale, Sr. VP, Treasurer and Controller (Age 41)
Has LTC Properties been receiving favorable news coverage?
News headlines about LTC stock have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LTC Properties earned a news sentiment score of 0.03 on Accern's scale. They also gave press coverage about the real estate investment trust an impact score of 45.27 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are LTC Properties' major shareholders?
LTC Properties' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.57%), Victory Capital Management Inc. (3.95%), Northern Trust Corp (3.75%), Franklin Resources Inc. (2.81%), Royal Bank of Canada (2.79%) and Uniplan Investment Counsel Inc. (1.86%). 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 Franklin Resources Inc., Millennium Management LLC, Employees Retirement System of Texas, Asset Management One Co. Ltd., Envestnet Asset Management Inc., Schroder Investment Management Group, UBS Group AG and BNP Paribas Arbitrage SA. 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 bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., BlackRock Inc., Teachers Insurance & Annuity Association of America, Royal Bank of Canada, Virginia Retirement Systems ET AL, Wells Fargo & Company MN, Schwab Charles Investment Management Inc. and Legal & General Group Plc. 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 $42.41.
How big of a company is LTC Properties?
LTC Properties has a market capitalization of $1.68 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.
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 (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.
