LTC Properties (LTC) Scheduled to Post Quarterly Earnings on Monday

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

LTC Properties (NYSE:LTC) last announced its quarterly earnings data 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 company had revenue of $50.12 million for the quarter, compared to analyst estimates of $33.47 million. During the same period in the prior year, the company posted $0.66 EPS. The firm’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 Stock Performance

NYSE:LTC opened at $35.48 on Friday. LTC Properties has a 12-month low of $30.30 and a 12-month 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 firm has a market capitalization of $1.54 billion, a PE ratio of 16.05 and a beta of 0.91. The firm has a 50-day moving average price of $36.34 and a 200 day moving average price of $35.08.

LTC Properties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be given a $0.19 dividend. This represents a $2.28 annualized dividend and a yield of 6.43%. The ex-dividend date is Thursday, November 21st. LTC Properties’s dividend payout ratio (DPR) is presently 103.17%.

Insiders Place Their Bets

In other LTC Properties news, Director Timothy Triche sold 5,000 shares of the company’s stock in a transaction dated 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 directly owns 34,522 shares of the company’s stock, valued at approximately $1,258,326.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other LTC Properties news, Director Timothy Triche sold 5,000 shares of the company’s stock in a transaction dated 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 directly owns 34,522 shares of the company’s stock, valued at approximately $1,258,326.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David L. Gruber acquired 6,000 shares of the firm’s stock in a transaction 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 completion of the purchase, the director now directly owns 18,412 shares of the company’s stock, valued at approximately $658,229. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

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

About LTC Properties

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.