LTC Properties, Inc. (LTC) to Post FY2017 Earnings of $3.10 Per Share, Cantor Fitzgerald Forecasts

LTC Properties, Inc. (NYSE:LTC) – Cantor Fitzgerald increased their FY2017 earnings per share estimates for LTC Properties in a research note issued to investors on Tuesday. Cantor Fitzgerald analyst J. France now anticipates that the real estate investment trust will post earnings per share of $3.10 for the year, up from their prior forecast of $3.05. Cantor Fitzgerald also issued estimates for LTC Properties’ FY2018 earnings at $3.18 EPS.

LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $32.91 million. During the same quarter in the prior year, the business earned $0.57 EPS.

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Several other analysts also recently commented on the company. Zacks Investment Research downgraded LTC Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 11th. Royal Bank Of Canada reissued a “hold” rating and set a $48.00 target price on shares of LTC Properties in a research note on Monday, October 23rd. BMO Capital Markets reissued a “sell” rating and set a $44.00 target price on shares of LTC Properties in a research note on Wednesday, October 18th. KeyCorp reissued a “hold” rating on shares of LTC Properties in a research note on Tuesday, October 17th. Finally, Capital One Financial Corporation assumed coverage on LTC Properties in a research note on Monday, September 25th. They set an “overweight” rating and a $50.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $50.17.

LTC Properties (NYSE LTC) traded down $0.61 during trading hours on Friday, hitting $46.62. The stock had a trading volume of 395,736 shares, compared to its average volume of 208,882. The firm has a market cap of $1,870.00, a PE ratio of 15.43, a P/E/G ratio of 3.91 and a beta of 0.19. LTC Properties has a twelve month low of $43.91 and a twelve month high of $52.85. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.84.

Several hedge funds have recently bought and sold shares of LTC. PNC Financial Services Group Inc. boosted its holdings in LTC Properties by 12.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,037 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 231 shares during the last quarter. Quantbot Technologies LP acquired a new position in LTC Properties in the third quarter valued at $139,000. Riverhead Capital Management LLC boosted its holdings in LTC Properties by 91.5% in the second quarter. Riverhead Capital Management LLC now owns 3,064 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 1,464 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in LTC Properties by 6.1% in the second quarter. Ameritas Investment Partners Inc. now owns 3,456 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 200 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in LTC Properties by 9.4% in the second quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the real estate investment trust’s stock valued at $180,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

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 4.89%. The ex-dividend date is Tuesday, November 21st. LTC Properties’s dividend payout ratio (DPR) is presently 102.70%.

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).

Earnings History and Estimates for LTC Properties (NYSE:LTC)

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