LTC Properties (NYSE:LTC - Get Free Report) will be posting its quarterly earnings results after the market closes on Monday, October 28th. Analysts expect LTC Properties to post earnings of $0.68 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.
LTC Properties (NYSE:LTC - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.44 earnings per share 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 firm had revenue of $50.12 million during the quarter, compared to the consensus estimate of $33.47 million. During the same quarter in the prior year, the business posted $0.66 earnings per share. 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.
NYSE:LTC opened at $36.11 on Monday. LTC Properties has a fifty-two week low of $30.30 and a fifty-two week high of $38.28. The stock has a market capitalization of $1.57 billion, a P/E ratio of 18.81 and a beta of 0.91. The company has a debt-to-equity ratio of 0.88, a quick ratio of 11.29 and a current ratio of 11.29. The company's 50-day simple moving average is $36.35 and its 200-day simple moving average is $34.97.
The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date of this dividend is Thursday, November 21st. LTC Properties's dividend payout ratio is currently 118.75%.
In related news, Director Timothy Triche sold 5,000 shares of LTC Properties stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $36.45, for a total value of $182,250.00. Following the completion of the sale, the director now directly owns 34,522 shares in the company, valued at $1,258,326.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other LTC Properties news, Director Timothy Triche sold 5,000 shares of LTC Properties stock in a transaction that occurred 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 completion of the sale, the director now directly owns 34,522 shares in the company, valued at approximately $1,258,326.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David L. Gruber acquired 6,000 shares of the firm's stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $35.75 per share, with a total value of $214,500.00. Following the completion of the purchase, the director now owns 18,412 shares in the company, valued at approximately $658,229. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 2.00% of the stock is owned by company insiders.
A number of analysts have recently weighed in on the stock. Wells Fargo & Company restated an "equal weight" rating and issued a $37.00 price target (up from $36.00) on shares of LTC Properties in a report on Tuesday, October 1st. Wedbush reiterated an "outperform" rating and issued a $40.00 target price on shares of LTC Properties in a research note on Friday, September 20th.
Read Our Latest Stock Report on 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.
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