LTC Properties (NYSE:LTC) will release its earnings data after the market closes on Monday, November 5th. Analysts expect LTC Properties to post earnings of $0.75 per share for the quarter.
LTC Properties (NYSE:LTC) last released its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $1.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.98. LTC Properties had a net margin of 77.94% and a return on equity of 16.84%. The company had revenue of $33.93 million during the quarter, compared to the consensus estimate of $34.55 million. On average, analysts expect LTC Properties to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NYSE:LTC opened at $42.20 on Friday. The company has a quick ratio of 8.26, a current ratio of 8.26 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 3.64 and a beta of 0.08. LTC Properties has a one year low of $34.46 and a one year high of $49.59.
The business also recently disclosed a oct 18 dividend, which was paid on Wednesday, October 31st. Stockholders of record on Tuesday, October 23rd were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, October 22nd. LTC Properties’s dividend payout ratio (DPR) is currently 73.55%.
Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of LTC Properties from a “buy” rating to a “hold” rating in a research report on Saturday, August 18th. ValuEngine upgraded shares of LTC Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Stifel Nicolaus set a $43.00 price objective on shares of LTC Properties and gave the company a “hold” rating in a research report on Thursday, August 9th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $46.00 price objective (up previously from $45.00) on shares of LTC Properties in a research report on Thursday, August 9th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. LTC Properties currently has a consensus rating of “Hold” and an average price target of $42.50.
LTC Properties Company Profile
LTC Properties (NYSE: LTC) is a self-administered real estate investment trust that primarily invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including preferred equity and mezzanine lending. At June 30, 2018, LTC had 199 investments located in 28 states comprising 102 assisted living communities, 96 skilled nursing centers and one behavioral health care hospital.
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