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NYSE:LTC

LTC Properties - LTC Stock Forecast, Price & News

$44.28
-0.47 (-1.05%)
(As of 08/18/2022 03:59 PM ET)
Add
Compare
Today's Range
$44.21
$45.36
50-Day Range
$35.70
$44.75
52-Week Range
$31.36
$44.88
Volume
12,878 shs
Average Volume
259,190 shs
Market Capitalization
$1.79 billion
P/E Ratio
19.09
Dividend Yield
5.15%
Price Target
$40.00

LTC Properties MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
9.6% Downside
$40.00 Price Target
Short Interest
Bearish
3.01% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
8.85%
From $2.60 to $2.83 Per Share

Overall MarketRank

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

1.75 out of 5 stars

Finance Sector

808th out of 914 stocks

Real Estate Investment Trusts Industry

160th out of 195 stocks

LTC stock logo

About LTC Properties (NYSE:LTC) Stock

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 181 investments in 27 states with 29 operating partners. The portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.

LTC Properties Price Performance

LTC Properties stock traded up $0.45 during midday trading on Wednesday, reaching $44.75. 233,610 shares of the stock were exchanged, compared to its average volume of 294,757. LTC Properties has a 52 week low of $31.36 and a 52 week high of $44.88. The company has a debt-to-equity ratio of 0.91, a quick ratio of 15.51 and a current ratio of 15.51. The firm has a market cap of $1.81 billion, a PE ratio of 19.29 and a beta of 0.91. The company's fifty day moving average is $39.93 and its 200-day moving average is $37.35.

LTC Properties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd will be issued a $0.19 dividend. The ex-dividend date is Wednesday, September 21st. This represents a $2.28 annualized dividend and a dividend yield of 5.09%. LTC Properties's payout ratio is currently 98.28%.

Analysts Set New Price Targets

A number of research analysts have recently commented on LTC shares. StockNews.com raised LTC Properties from a "hold" rating to a "buy" rating in a research report on Monday, August 1st. Berenberg Bank raised shares of LTC Properties from a "hold" rating to a "buy" rating and upped their price objective for the company from $34.00 to $47.00 in a report on Monday, August 1st. TheStreet upgraded shares of LTC Properties from a "c+" rating to a "b" rating in a research note on Friday, July 29th. Capital One Financial initiated coverage on shares of LTC Properties in a research note on Friday, June 3rd. They set an "equal weight" rating and a $41.00 price target on the stock. Finally, Barclays lifted their price objective on shares of LTC Properties to $35.00 in a research note on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $40.00.

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LTC Stock News Headlines

Six REITs in Price Uptrends From January To Now
LTC Properties (NYSE:LTC) PT Raised to $35.00
7 Monthly Dividend Stocks to Buy in August 2022
LTC Properties: Getting Over COVID But Not There Yet
Best Momentum Stocks to Buy for August 1st
Earnings Outlook For LTC Properties
See More Headlines
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LTC Company Calendar

Last Earnings
4/28/2022
Today
8/18/2022
Ex-Dividend for 8/31 Dividend
8/22/2022
Dividend Payable
8/31/2022
Ex-Dividend for 9/30 Dividend
9/21/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

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
$40.00
High Stock Price Forecast
$47.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
-9.7%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$55.86 million
Pretax Margin
57.89%

Debt

Sales & Book Value

Annual Sales
$155.32 million
Cash Flow
$2.41 per share
Book Value
$20.01 per share

Miscellaneous

Free Float
39,614,000
Market Cap
$1.79 billion
Optionable
Optionable
Beta
0.91

Key Executives

  • Ms. Wendy L. Simpson (Age 73)
    Chairman & CEO
    Comp: $1.7M
  • Ms. Pamela J. Shelley-Kessler CPA (Age 56)
    CPA, CFO, Co-Pres & Corp. Sec.
    Comp: $922.28k
  • Mr. Clint B. Malin (Age 50)
    Chief Investment Officer & Co-Pres
    Comp: $916.46k
  • Ms. Caroline L. Chikhale (Age 45)
    Exec. VP, Chief Accounting Officer & Treasurer
  • Ms. Mandi M. Hogan
    VP of Marketing, Investor Relations & ESG
  • Ms. Leanne Davis
    Human Resource Mang.
  • Mr. Douglas A. Korey
    Exec. VP & MD of Bus. Devel.
  • Mr. J. Gibson Satterwhite
    Sr. VP of Asset Management
  • Ms. H. Rachel Son
    VP & Controller
  • Mr. Peter G. Lyew (Age 64)
    VP & Director of Tax













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 1 sell rating, 4 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 2022?

7 brokers have issued twelve-month price targets for LTC Properties' stock. Their LTC share price forecasts range from $35.00 to $47.00. On average, they predict the company's stock price to reach $40.00 in the next year. This suggests that the stock has a possible downside of 10.6%.
View analysts price targets for LTC
or view top-rated stocks among Wall Street analysts.

How have LTC shares performed in 2022?

LTC Properties' stock was trading at $34.14 on January 1st, 2022. Since then, LTC shares have increased by 31.1% and is now trading at $44.75.
View the best growth stocks for 2022 here
.

Are investors shorting LTC Properties?

LTC Properties saw a decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,130,000 shares, a decrease of 21.5% from the June 30th total of 1,440,000 shares. Based on an average daily volume of 282,200 shares, the days-to-cover ratio is presently 4.0 days. Approximately 2.9% of the company's stock are sold short.
View LTC Properties' Short Interest
.

When is LTC Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our LTC earnings forecast
.

How were LTC Properties' earnings last quarter?

LTC Properties, Inc. (NYSE:LTC) posted its quarterly earnings data on Thursday, April, 28th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.26. The real estate investment trust earned $40.80 million during the quarter, compared to analysts' expectations of $37.08 million. LTC Properties had a net margin of 57.49% and a trailing twelve-month return on equity of 12.11%. The company's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS.

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

LTC Properties announced a monthly dividend on Wednesday, July 6th. Investors of record on Thursday, September 22nd will be given a dividend of $0.19 per share on Friday, September 30th. This represents a $2.28 annualized dividend and a dividend yield of 5.09%. The ex-dividend date is Wednesday, September 21st.
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 5.15%. LTC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 98.28%. 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 80.57% 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 number of institutional and retail investors. Top institutional investors include State Street Corp (9.24%), Northern Trust Corp (1.55%), Principal Financial Group Inc. (0.68%), JPMorgan Chase & Co. (0.51%), UBS Asset Management Americas Inc. (0.46%) and Rhumbline Advisers (0.31%). Insiders that own company stock include James Pieczynski 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 $44.75.

How much money does LTC Properties make?

LTC Properties (NYSE:LTC) has a market capitalization of $1.81 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 $2.32 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 8/18/2022 by MarketBeat.com Staff

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