LTC Properties Inc (NYSE:LTC) – Stock analysts at KeyCorp issued their FY2017 earnings estimates for shares of LTC Properties in a research report issued to clients and investors on Thursday. KeyCorp analyst J. Sadler expects that the real estate investment trust will post earnings per share of $3.07 for the year. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for LTC Properties’ Q4 2017 earnings at $0.74 EPS and FY2018 earnings at $3.06 EPS.
LTC Properties (NYSE:LTC) last announced its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.26. The company had revenue of $41.25 million for the quarter, compared to analysts’ expectations of $32.91 million. LTC Properties had a net margin of 52.18% and a return on equity of 11.69%. During the same quarter in the previous year, the company posted $0.57 EPS.
Several other equities analysts have also recently issued reports on LTC. Zacks Investment Research raised shares of LTC Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Capital One Financial started coverage on shares of LTC Properties in a research note on Monday, September 25th. They issued an “overweight” rating and a $50.00 price objective on the stock. BMO Capital Markets reaffirmed a “sell” rating and issued a $44.00 price objective on shares of LTC Properties in a research note on Wednesday, October 18th. Royal Bank of Canada reissued a “hold” rating and issued a $48.00 target price on shares of LTC Properties in a research report on Monday, October 23rd. Finally, ValuEngine downgraded shares of LTC Properties from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $49.71.
LTC Properties (NYSE LTC) opened at $40.39 on Monday. The stock has a market cap of $1,598.27, a P/E ratio of 18.11, a PEG ratio of 3.22 and a beta of 0.17. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.84. LTC Properties has a 52 week low of $40.29 and a 52 week high of $52.85.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be given a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date is Friday, February 16th. LTC Properties’s payout ratio is presently 102.24%.
In related news, Director Boyd W. Hendrickson sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $47.07, for a total transaction of $70,605.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James Pieczynski acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were bought at an average cost of $43.60 per share, for a total transaction of $87,200.00. Following the completion of the transaction, the director now directly owns 17,974 shares of the company’s stock, valued at approximately $783,666.40. The disclosure for this purchase can be found here. Insiders have sold 9,727 shares of company stock worth $436,470 over the last ninety days. 1.50% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new stake in LTC Properties in the third quarter valued at approximately $251,000. Eii Capital Management Inc. acquired a new stake in LTC Properties in the third quarter valued at approximately $809,000. California Public Employees Retirement System lifted its stake in LTC Properties by 10.7% in the third quarter. California Public Employees Retirement System now owns 80,264 shares of the real estate investment trust’s stock valued at $3,771,000 after acquiring an additional 7,765 shares during the last quarter. Janus Henderson Group PLC lifted its stake in LTC Properties by 19.5% in the third quarter. Janus Henderson Group PLC now owns 208,565 shares of the real estate investment trust’s stock valued at $9,797,000 after acquiring an additional 33,964 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. lifted its stake in LTC Properties by 2.1% in the third quarter. Uniplan Investment Counsel Inc. now owns 725,854 shares of the real estate investment trust’s stock valued at $34,100,000 after acquiring an additional 14,860 shares during the last quarter. Hedge funds and other institutional investors own 77.52% of the company’s stock.
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LTC Properties Company Profile
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).
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