LTC Properties (LTC) Announces Quarterly Earnings, Beats Expectations By $0.02 EPS
LTC Properties (NYSE:LTC) announced its earnings results on Thursday. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02, StockRatingsNetwork reports. The company had revenue of $28.59 million for the quarter, compared to the consensus estimate of $26.68 million.
LTC Properties (NYSE:LTC) traded down 0.14% on Thursday, hitting $36.50. 276,939 shares of the company’s stock traded hands. LTC Properties has a one year low of $34.30 and a one year high of $48.69. The stock has a 50-day moving average of $36.55 and a 200-day moving average of $37.2. The company has a market cap of $1.268 billion and a P/E ratio of 22.49.
On the ratings front, analysts at Sidoti upgraded shares of LTC Properties from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 15th.
LTC Properties, Inc a health care real estate investment trust (NYSE:LTC).
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