LTC Properties (LTC) Expected to Announce Earnings on Monday

LTC Properties (NYSE:LTC) is expected to issue its Q1 2025 quarterly earnings data after the market closes on Monday, May 5th. Analysts expect the company to announce earnings of $0.66 per share and revenue of $44.43 million for the quarter.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.07. LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The business had revenue of $34.81 million for the quarter, compared to the consensus estimate of $45.25 million. On average, analysts expect LTC Properties to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

LTC Properties Trading Down 1.2 %

Shares of LTC stock opened at $35.27 on Friday. LTC Properties has a 1 year low of $31.70 and a 1 year high of $39.89. The firm has a fifty day moving average price of $35.14 and a 200-day moving average price of $35.69. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 15.14 and a beta of 0.74. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60.

LTC Properties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 20th will be issued a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 6.46%. The ex-dividend date is Friday, June 20th. LTC Properties’s dividend payout ratio is presently 111.22%.

Analyst Ratings Changes

A number of brokerages recently issued reports on LTC. Citizens Jmp upgraded LTC Properties from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. JMP Securities upgraded shares of LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their price objective on shares of LTC Properties from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Monday, March 10th.

About LTC Properties

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.