LTC Properties (LTC) Set to Announce Quarterly Earnings on Monday

LTC Properties (NYSE:LTC) is scheduled to release its earnings data after the market closes on Monday, April 29th. Analysts expect LTC Properties to post earnings of $0.65 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

LTC Properties Stock Up 0.4 %

LTC opened at $31.80 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 13.29 and a quick ratio of 13.29. The company’s 50-day moving average is $31.91 and its 200 day moving average is $32.10. LTC Properties has a fifty-two week low of $30.30 and a fifty-two week high of $35.72. The firm has a market capitalization of $1.38 billion, a P/E ratio of 14.72 and a beta of 0.87.

LTC Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be given a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.17%. The ex-dividend date of this dividend is Thursday, June 20th. LTC Properties’s payout ratio is currently 105.56%.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of LTC Properties in a research report on Tuesday, January 30th. They issued a “hold” rating and a $34.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $33.86.

Insider Activity

In other news, Director Timothy Triche sold 3,082 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $31.67, for a total value of $97,606.94. Following the sale, the director now owns 36,343 shares of the company’s stock, valued at $1,150,982.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On LTC Properties

Hedge funds have recently bought and sold shares of the company. Creative Planning grew its stake in LTC Properties by 7.1% during the fourth quarter. Creative Planning now owns 6,687 shares of the real estate investment trust’s stock valued at $215,000 after acquiring an additional 446 shares in the last quarter. Mariner LLC purchased a new position in LTC Properties during the fourth quarter valued at approximately $202,000. PNC Financial Services Group Inc. grew its stake in LTC Properties by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,152 shares of the real estate investment trust’s stock valued at $159,000 after acquiring an additional 1,016 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in LTC Properties during the fourth quarter valued at approximately $144,000. Finally, Captrust Financial Advisors purchased a new position in LTC Properties during the second quarter valued at approximately $143,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.

LTC Properties Company Profile

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.