LTC Properties, Inc. (LTC) to Release Quarterly Earnings on Wednesday
LTC Properties, Inc. (NYSE:LTC) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.50 per share for the quarter.
LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. LTC Properties had a net margin of 53.36% and a return on equity of 11.99%. The business had revenue of $42.47 million during the quarter, compared to analysts’ expectations of $35.08 million. On average, analysts expect LTC Properties to post $3.07 EPS for the current fiscal year and $3.14 EPS for the next fiscal year.
LTC Properties, Inc. (LTC) opened at 46.51 on Wednesday. LTC Properties, Inc. has a 52 week low of $43.17 and a 52 week high of $52.85. The stock’s 50 day moving average is $47.18 and its 200-day moving average is $48.74. The stock has a market capitalization of $1.84 billion, a PE ratio of 20.44 and a beta of 0.16.
The firm also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 22nd will be paid a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 4.90%. The ex-dividend date is Tuesday, November 21st. LTC Properties’s dividend payout ratio is presently 100.00%.
Several analysts recently commented on LTC shares. Stifel Nicolaus reissued a “hold” rating and set a $50.00 target price on shares of LTC Properties in a research note on Friday, July 28th. BidaskClub lowered shares of LTC Properties from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research raised shares of LTC Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. KeyCorp reissued a “hold” rating on shares of LTC Properties in a research note on Sunday, September 17th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $48.00 price target on shares of LTC Properties in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $50.17.
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About LTC Properties
LTC Properties Inc is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. It invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC).
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