FY2017 Earnings Estimate for LTC Properties, Inc. (LTC) Issued By Capital One Financial Corporation
LTC Properties, Inc. (NYSE:LTC) – Capital One Financial Corporation boosted their FY2017 EPS estimates for shares of LTC Properties in a research note issued to investors on Friday. Capital One Financial Corporation analyst D. Bernstein now forecasts that the real estate investment trust will earn $3.09 per share for the year, up from their previous estimate of $3.05. Capital One Financial Corporation has a “Overweight” rating and a $50.00 price objective on the stock. Capital One Financial Corporation also issued estimates for LTC Properties’ Q4 2017 earnings at $0.77 EPS, Q1 2018 earnings at $0.77 EPS, Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.78 EPS, Q4 2018 earnings at $0.78 EPS, FY2018 earnings at $3.11 EPS, Q1 2019 earnings at $0.78 EPS, Q2 2019 earnings at $0.79 EPS, Q3 2019 earnings at $0.80 EPS and FY2019 earnings at $3.19 EPS.
LTC Properties (NYSE:LTC) last announced its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.26. LTC Properties had a return on equity of 11.69% and a net margin of 52.18%. The company had revenue of $41.25 million during the quarter, compared to analyst estimates of $32.91 million. During the same quarter last year, the firm posted $0.57 EPS. ILLEGAL ACTIVITY NOTICE: “FY2017 Earnings Estimate for LTC Properties, Inc. (LTC) Issued By Capital One Financial Corporation” was published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & international trademark & copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/13/fy2017-earnings-estimate-for-ltc-properties-inc-ltc-issued-by-capital-one-financial-corporation.html.
LTC has been the subject of several other research reports. BidaskClub lowered LTC Properties from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. BMO Capital Markets lowered LTC Properties from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $50.00 to $44.00 in a report on Friday, August 11th. Stifel Nicolaus set a $46.00 price objective on LTC Properties and gave the stock a “hold” rating in a report on Sunday, August 13th. Zacks Investment Research lowered LTC Properties from a “hold” rating to a “sell” rating in a report on Saturday. Finally, KeyCorp reissued a “hold” rating on shares of LTC Properties in a report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $50.17.
Shares of LTC Properties (LTC) opened at $47.63 on Monday. LTC Properties has a twelve month low of $43.91 and a twelve month high of $52.85. The firm has a market capitalization of $1,884.77, a PE ratio of 15.32, a P/E/G ratio of 3.89 and a beta of 0.18. The company has a quick ratio of 7.84, a current ratio of 8.66 and a debt-to-equity ratio of 0.84.
A number of hedge funds have recently bought and sold shares of LTC. PNC Financial Services Group Inc. grew its holdings in LTC Properties by 12.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,037 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 231 shares in the last quarter. Quantbot Technologies LP purchased a new position in LTC Properties during the 3rd quarter valued at about $139,000. Riverhead Capital Management LLC grew its holdings in LTC Properties by 91.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,064 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 1,464 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in LTC Properties by 6.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,456 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 200 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in LTC Properties by 9.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the real estate investment trust’s stock valued at $180,000 after buying an additional 300 shares in the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.
The business also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Tuesday, November 21st. LTC Properties’s payout ratio is presently 102.24%.
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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