Should I buy or sell LTC Properties stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LTC Properties in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" LTC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LTC, but not buy additional shares or sell existing shares. View LTC analyst ratings or view top-rated stocks .

What is LTC Properties' stock price target for 2024?

5 brokerages have issued 1 year target prices for LTC Properties' shares. Their LTC share price targets range from $29.00 to $36.00. On average, they predict the company's share price to reach $33.86 in the next year. This suggests a possible upside of 6.5% from the stock's current price. View analysts price targets for LTC or view top-rated stocks among Wall Street analysts .

How have LTC shares performed in 2024?

LTC Properties' stock was trading at $32.12 at the start of the year. Since then, LTC stock has decreased by 1.0% and is now trading at $31.79. View the best growth stocks for 2024 here .

When is LTC Properties' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024. View our LTC earnings forecast .

How can I listen to LTC Properties' earnings call?

LTC Properties will be holding an earnings conference call on Tuesday, April 30th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 919-882-2331 with passcode "50325".

How were LTC Properties' earnings last quarter?

LTC Properties, Inc. (NYSE:LTC) released its quarterly earnings results on Thursday, April, 28th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by $0.26. The real estate investment trust earned $40.80 million during the quarter, compared to analysts' expectations of $37.08 million. LTC Properties had a net margin of 45.49% and a trailing twelve-month return on equity of 10.25%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 earnings per share.

How often does LTC Properties pay dividends? What is the dividend yield for LTC Properties?

LTC Properties announced a monthly dividend on Wednesday, April 3rd. Investors of record on Thursday, June 20th will be paid a dividend of $0.19 per share on Friday, June 28th. This represents a $2.28 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend is Thursday, June 20th. Read our dividend analysis for LTC .

Is LTC Properties a good dividend stock?

LTC Properties (NYSE:LTC) pays an annual dividend of $2.28 per share and currently has a dividend yield of 7.20%. LTC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 105.56%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, LTC will have a dividend payout ratio of 83.52% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for LTC .

What ETFs hold LTC Properties' stock?

ETFs with the largest weight of LTC Properties (NYSE:LTC) stock in their portfolio include Global X SuperDividend REIT ETF (SRET) , Invesco KBW Premium Yield Equity REIT ETF (KBWY) , GraniteShares HIPS US High Income ETF (HIPS) , Global SuperDividend US ETF (DIV) , SPDR S&P Global Dividend ETF (WDIV) , Hoya Capital High Dividend Yield ETF (RIET) , Invesco S&P SmallCap Low Volatility ETF (XSLV) and First Trust Multi-Asset Diversified Income Index Fund (MDIV) .

What other stocks do shareholders of LTC Properties own?

Based on aggregate information from My MarketBeat watchlists, some companies that other LTC Properties investors own include AT&T (T) , Realty Income (O) , Exxon Mobil (XOM) , Ventas (VTR) , STAG Industrial (STAG) , Cisco Systems (CSCO) , Johnson & Johnson (JNJ) , Verizon Communications (VZ) , EPR Properties (EPR) .

Who are LTC Properties' major shareholders?

LTC Properties' stock is owned by a number of retail and institutional investors. Top institutional shareholders include CWM LLC (0.07%). Insiders that own company stock include Boyd W Hendrickson, Caroline Chikhale, David L Gruber, Pamela Shelley-Kessler, Timothy Triche and Wendy Simpson. View institutional ownership trends .

How do I buy shares of LTC Properties?

Shares of LTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:LTC

LTC Properties (LTC) Stock Price, News & Analysis

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Free LTC Stock Alerts

$31.80

+0.31 (+0.98%)

(As of 04/19/2024 ET)

Compare

Today's Range: $31.24
▼
$31.89
50-Day Range: $30.72
▼
$32.88
52-Week Range: $30.30
▼
$35.72

Volume: 388,157 shs
Average Volume: 296,777 shs
Market Capitalization: $1.38 billion

P/E Ratio: 14.72
Dividend Yield: 7.17%
Price Target: $33.86

Get LTC Properties alerts:

LTC Properties MarketRank™ Stock Analysis

Analyst Rating: Hold
2.40 Rating Score
Upside/Downside: 6.5% Upside
$33.86 Price Target
Short Interest: Bearish
3.41% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.51
Based on 3 Articles This Week
Insider Trading: Selling Shares
$97,607 Sold Last Quarter
Proj. Earnings Growth: 2.25%
From $2.67 to $2.73 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.15 out of 5 stars

Finance Sector

747th out of 848 stocks

Real Estate Investment Trusts Industry

158th out of 179 stocks

1.2

Analyst's Opinion

Consensus Rating
LTC Properties has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
LTC Properties has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.41% of the outstanding shares of LTC Properties have been sold short.
Short Interest Ratio / Days to Cover
LTC Properties has a short interest ratio ("days to cover") of 5.
Change versus previous month
Short interest in LTC Properties has recently increased by 7.25%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
LTC Properties is a leading dividend payer. It pays a dividend yield of 7.20%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
LTC Properties does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of LTC Properties is 105.56%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, LTC Properties will have a dividend payout ratio of 83.52% in the coming year. This indicates that LTC Properties may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LTC.

2.0

News and Social Media Coverage

News Sentiment
LTC Properties has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for LTC Properties this week, compared to 3 articles on an average week.
Search Interest
15 people have searched for LTC on MarketBeat in the last 30 days. This is an increase of 36% compared to the previous 30 days.
MarketBeat Follows
Only 30 people have added LTC Properties to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, LTC Properties insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $97,607.00 in company stock.
Percentage Held by Insiders
Only 2.00% of the stock of LTC Properties is held by insiders.
Percentage Held by Institutions
69.25% of the stock of LTC Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for LTC Properties are expected to grow by 2.25% in the coming year, from $2.67 to $2.73 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of LTC Properties is 14.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of LTC Properties is 14.72, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.79.
Price to Book Value per Share Ratio
LTC Properties has a P/B Ratio of 1.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About LTC Properties Stock (NYSE:LTC)

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. Based on its gross real estate investments, LTC's investment portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.

LTC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LTC Stock News Headlines

April 6, 2024 | insidertrades.com

LTC Properties, Inc. (NYSE:LTC) Director Sells $97,606.94 in Stock

April 19, 2024 | nasdaq.com

Ex-Dividend Reminder: Service Properties Trust, LTC Properties and Caterpillar

April 20, 2024 | American Alternative (Ad)

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April 14, 2024 | americanbankingnews.com

LTC Properties, Inc. (NYSE:LTC) Receives Average Recommendation of "Hold" from Analysts

April 9, 2024 | businesswire.com

Sirion Celebrates a Year of Significant Growth With a New Brand Identity, Reinforcing Its Commitment to Revolutionizing Contract Management with AI

April 9, 2024 | businesswire.com

LTC Announces Date of First Quarter 2024 Earnings Release, Conference Call and Webcast

April 4, 2024 | msn.com

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April 4, 2024 | yahoo.com

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April 20, 2024 | American Alternative (Ad)

Your Money is Not Safe

April 4, 2024 | msn.com

Moon to get its own time zone created by Nasa

April 3, 2024 | businesswire.com

LTC Originates $12.7 Million Loan for Purchase of Skilled Nursing/Assisted Living Campus

April 3, 2024 | finance.yahoo.com

Litecoin Surges After CFTC Declares The Cryptocurrency A Commodity

April 1, 2024 | markets.businessinsider.com

LTC Properties Declares Monthly Cash Dividend Of $0.19/shr For Q2

April 1, 2024 | msn.com

LTC Properties declares $0.19 dividend

April 1, 2024 | finance.yahoo.com

LTC Declares Its Monthly Common Stock Cash Dividend for the Second Quarter of 2024

March 29, 2024 | msn.com

Seamless Integration of LTC Payment Method Gateway

March 27, 2024 | businesswire.com

LTC to Participate in the Deutsche Bank Inaugural Healthcare REIT Summit

March 19, 2024 | investorplace.com

Steady Returns Ahead: 3 Dividend Stocks for Long-Term Investors

March 15, 2024 | msn.com

UPDATE: One dead after self-inflicted gunshot at standoff in Sheboygan

March 12, 2024 | markets.businessinsider.com

American Homes (AMH) Has a New Rating from JMP Securities

March 11, 2024 | msn.com

Learn more about Sheboygan council candidates Roberta Filicky-Peneski, John Belanger, Zachary Rust and Jesse Roethel

March 4, 2024 | markets.businessinsider.com

American Healthcare REIT, Inc. (AHR) Initiated with a Buy at JMP Securities

March 3, 2024 | markets.businessinsider.com

LTC Properties (LTC) Receives a Hold from Wells Fargo

February 25, 2024 | seekingalpha.com

LTC Properties: 7.1% Yield Play On Senior Housing, Where To Buy

February 23, 2024 | seekingalpha.com

LTC Properties: Undervalued 7% Yield Poised For A Rebound

February 22, 2024 | benzinga.com

LTC Properties Stock (NYSE:LTC), Short Interest Report

February 17, 2024 | finance.yahoo.com

Q4 2023 LTC Properties Inc Earnings Call

See More Headlines

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Company Calendar

Last Earnings: 4/28/2022
Ex-Dividend for 4/30 Dividend: 4/19/2024
Today: 4/20/2024
Next Earnings (Confirmed): 4/29/2024
Dividend Payable: 4/30/2024
Ex-Dividend for 5/31 Dividend: 5/22/2024
Dividend Payable: 5/31/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: Specialized REITs
Current Symbol: NYSE:LTC
CUSIP: 50217510
CIK: 887905
Web: www.ltcreit.com
Phone: (805) 981-8655
Fax: 805-981-8663
Employees: 23
Year Founded: 1992

Price Target and Rating

Average Stock Price Target: $33.86
High Stock Price Target: $36.00
Low Stock Price Target: $29.00
Potential Upside/Downside: +6.5%
Consensus Rating: Hold
Rating Score (0-4): 2.40
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.16
Trailing P/E Ratio: 14.72
Forward P/E Ratio: 11.91
P/E Growth: N/A
Net Income: $89.74 million
Net Margins: 45.49%
Pretax Margin: 46.37%
Return on Equity: 10.25%
Return on Assets: 4.86%

Debt

Debt-to-Equity Ratio: 0.97
Current Ratio: 13.29
Quick Ratio: 13.29

Sales & Book Value

Annual Sales: $197.24 million
Price / Sales: 7.00
Cash Flow: $3.13 per share
Price / Cash Flow: 10.16
Book Value: $22.13 per share
Price / Book: 1.44

Miscellaneous

Outstanding Shares: 43,410,000
Free Float: 42,544,000
Market Cap: $1.38 billion
Optionable: Optionable
Beta: 0.87

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Key Executives

Ms. Wendy L. Simpson (Age 75)
Chairman & CEO
Comp: $2.16M
Ms. Pamela J. Shelley-Kessler CPA (Age 58)
CFO, Co-President & Corporate Secretary
Comp: $1.13M
Mr. Clint B. Malin (Age 52)
Chief Investment Officer & Co-President
Comp: $1.13M
Ms. Caroline L. Chikhale (Age 47)
Executive VP, Chief Accounting Officer & Treasurer
Comp: $376.56k
Ms. Mandi M. Hogan
Senior VP of Marketing, Investor Relations & ESG
Ms. Leanne Davis
Human Resource Manager
Mr. Douglas A. Korey
Executive VP & MD of Business Development
Mr. J. Gibson Satterwhite
Senior Vice President of Asset Management
Ms. H. Rachel Son
VP & Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LTC Stock Analysis - Frequently Asked Questions

Should I buy or sell LTC Properties stock right now?: 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for LTC Properties in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" LTC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LTC, but not buy additional shares or sell existing shares.
View LTC analyst ratings or view top-rated stocks.
What is LTC Properties' stock price target for 2024?: 5 brokerages have issued 1 year target prices for LTC Properties' shares. Their LTC share price targets range from $29.00 to $36.00. On average, they predict the company's share price to reach $33.86 in the next year. This suggests a possible upside of 6.5% from the stock's current price.
View analysts price targets for LTC or view top-rated stocks among Wall Street analysts.
How have LTC shares performed in 2024?: LTC Properties' stock was trading at $32.12 at the start of the year. Since then, LTC stock has decreased by 1.0% and is now trading at $31.79.
View the best growth stocks for 2024 here.
When is LTC Properties' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our LTC earnings forecast.
How can I listen to LTC Properties' earnings call?: LTC Properties will be holding an earnings conference call on Tuesday, April 30th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 919-882-2331 with passcode "50325".
How were LTC Properties' earnings last quarter?: LTC Properties, Inc. (NYSE:LTC) released its quarterly earnings results on Thursday, April, 28th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by $0.26. The real estate investment trust earned $40.80 million during the quarter, compared to analysts' expectations of $37.08 million. LTC Properties had a net margin of 45.49% and a trailing twelve-month return on equity of 10.25%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.62 earnings per share.

How often does LTC Properties pay dividends? What is the dividend yield for LTC Properties?: LTC Properties announced a monthly dividend on Wednesday, April 3rd. Investors of record on Thursday, June 20th will be paid a dividend of $0.19 per share on Friday, June 28th. This represents a $2.28 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend is Thursday, June 20th.
Read our dividend analysis for LTC.
Is LTC Properties a good dividend stock?: LTC Properties (NYSE:LTC) pays an annual dividend of $2.28 per share and currently has a dividend yield of 7.20%. LTC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 105.56%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, LTC will have a dividend payout ratio of 83.52% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for LTC.
What ETFs hold LTC Properties' stock?: ETFs with the largest weight of LTC Properties (NYSE:LTC) stock in their portfolio include Global X SuperDividend REIT ETF (SRET), Invesco KBW Premium Yield Equity REIT ETF (KBWY), GraniteShares HIPS US High Income ETF (HIPS), Global SuperDividend US ETF (DIV), SPDR S&P Global Dividend ETF (WDIV), Hoya Capital High Dividend Yield ETF (RIET), Invesco S&P SmallCap Low Volatility ETF (XSLV) and First Trust Multi-Asset Diversified Income Index Fund (MDIV).
What other stocks do shareholders of LTC Properties own?: Based on aggregate information from My MarketBeat watchlists, some companies that other LTC Properties investors own include AT&T (T), Realty Income (O), Exxon Mobil (XOM), Ventas (VTR), STAG Industrial (STAG), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Verizon Communications (VZ), EPR Properties (EPR).
Who are LTC Properties' major shareholders?: LTC Properties' stock is owned by a number of retail and institutional investors. Top institutional shareholders include CWM LLC (0.07%). Insiders that own company stock include Boyd W Hendrickson, Caroline Chikhale, David L Gruber, Pamela Shelley-Kessler, Timothy Triche and Wendy Simpson.
View institutional ownership trends.
How do I buy shares of LTC Properties?: Shares of LTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:LTC) was last updated on 4/20/2024 by MarketBeat.com Staff

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