LTC Properties (LTC) to Release Quarterly Earnings on Monday

LTC Properties (NYSE:LTC) will be releasing its earnings data after the market closes on Monday, October 28th. Analysts expect LTC Properties to post earnings of $0.68 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

LTC Properties (NYSE:LTC) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.22). LTC Properties had a net margin of 46.78% and a return on equity of 10.22%. The business had revenue of $50.12 million during the quarter, compared to analysts’ expectations of $33.47 million. During the same period in the previous year, the company posted $0.66 earnings per share. LTC Properties’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts expect LTC Properties to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

LTC Properties Trading Down 0.9 %

Shares of LTC Properties stock opened at $35.48 on Friday. LTC Properties has a 52-week low of $30.30 and a 52-week high of $38.28. The company has a quick ratio of 11.29, a current ratio of 11.29 and a debt-to-equity ratio of 0.88. The company’s 50-day simple moving average is $36.34 and its 200-day simple moving average is $35.06. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 16.05 and a beta of 0.91.

LTC Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 23rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.43%. LTC Properties’s dividend payout ratio (DPR) is 103.17%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wedbush restated an “outperform” rating and set a $40.00 target price on shares of LTC Properties in a research report on Friday, September 20th. Wells Fargo & Company restated an “equal weight” rating and set a $37.00 target price (up previously from $36.00) on shares of LTC Properties in a research report on Tuesday, October 1st.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, Director David L. Gruber bought 6,000 shares of LTC Properties stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $35.75 per share, for a total transaction of $214,500.00. Following the acquisition, the director now owns 18,412 shares of the company’s stock, valued at $658,229. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Timothy Triche sold 5,000 shares of LTC Properties stock in a transaction on Friday, August 30th. The shares were sold at an average price of $36.45, for a total transaction of $182,250.00. Following the sale, the director now owns 34,522 shares of the company’s stock, valued at $1,258,326.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David L. Gruber purchased 6,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average cost of $35.75 per share, for a total transaction of $214,500.00. Following the purchase, the director now directly owns 18,412 shares in the company, valued at $658,229. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.00% of the stock is owned by company insiders.

LTC Properties Company Profile

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's investment portfolio includes 201 properties in 26 states with 29 operating partners.