LTC Properties (LTC) to Release Earnings on Monday

LTC Properties (NYSE:LTC) will release its earnings data after the market closes on Monday, April 29th. Analysts expect LTC Properties to post earnings of $0.65 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

LTC Properties Stock Performance

NYSE:LTC opened at $32.57 on Friday. The company has a current ratio of 13.29, a quick ratio of 13.29 and a debt-to-equity ratio of 0.97. LTC Properties has a 12-month low of $30.30 and a 12-month high of $35.72. The stock has a 50-day moving average price of $32.00 and a 200 day moving average price of $32.10. The stock has a market capitalization of $1.41 billion, a P/E ratio of 15.08 and a beta of 0.87.

LTC Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be given a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 7.00%. The ex-dividend date is Thursday, June 20th. LTC Properties’s dividend payout ratio is currently 105.56%.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft started coverage on LTC Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $34.00 target price for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, LTC Properties presently has an average rating of “Hold” and an average price target of $33.86.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, Director Timothy Triche sold 3,082 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $31.67, for a total transaction of $97,606.94. Following the completion of the transaction, the director now owns 36,343 shares in the company, valued at approximately $1,150,982.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by company insiders.

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.