Q3 2018 Earnings Forecast for LTC Properties, Inc. Issued By Capital One (LTC)

LTC Properties, Inc. (NYSE:LTC) – Analysts at Capital One boosted their Q3 2018 earnings per share estimates for shares of LTC Properties in a research report issued to clients and investors on Sunday, May 13th. Capital One analyst D. Bernstein now expects that the real estate investment trust will earn $0.75 per share for the quarter, up from their prior estimate of $0.74. Capital One also issued estimates for LTC Properties’ Q4 2019 earnings at $0.77 EPS.

LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Wednesday, May 9th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). The business had revenue of $41.81 million for the quarter, compared to the consensus estimate of $34.17 million. LTC Properties had a net margin of 51.43% and a return on equity of 11.36%. During the same period in the previous year, the company earned $0.54 earnings per share.

A number of other research firms have also recently commented on LTC. Zacks Investment Research upgraded LTC Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Mizuho reduced their price objective on LTC Properties from $51.00 to $41.00 and set a “neutral” rating for the company in a research report on Monday, March 5th. Royal Bank of Canada set a $43.00 price objective on LTC Properties and gave the company a “hold” rating in a research report on Tuesday, March 6th. Stifel Nicolaus set a $40.00 price objective on LTC Properties and gave the company a “hold” rating in a research report on Thursday, March 1st. Finally, ValuEngine cut LTC Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $43.57.

Shares of LTC Properties opened at $39.06 on Wednesday, MarketBeat.com reports. The firm has a market cap of $1.54 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 3.22 and a beta of 0.10. The company has a debt-to-equity ratio of 0.91, a quick ratio of 9.69 and a current ratio of 9.69. LTC Properties has a 1 year low of $38.96 and a 1 year high of $39.29.

A number of institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its position in LTC Properties by 29.0% in the first quarter. Victory Capital Management Inc. now owns 1,566,749 shares of the real estate investment trust’s stock worth $59,537,000 after buying an additional 352,595 shares in the last quarter. BlackRock Inc. increased its position in LTC Properties by 2.0% in the first quarter. BlackRock Inc. now owns 6,170,046 shares of the real estate investment trust’s stock worth $234,461,000 after buying an additional 120,592 shares in the last quarter. Deutsche Bank AG increased its position in LTC Properties by 222.4% in the fourth quarter. Deutsche Bank AG now owns 166,802 shares of the real estate investment trust’s stock worth $7,260,000 after buying an additional 115,064 shares in the last quarter. Two Sigma Investments LP increased its position in LTC Properties by 230.3% in the fourth quarter. Two Sigma Investments LP now owns 164,610 shares of the real estate investment trust’s stock worth $7,169,000 after buying an additional 114,774 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in LTC Properties by 1,381.5% in the fourth quarter. Renaissance Technologies LLC now owns 120,000 shares of the real estate investment trust’s stock worth $5,226,000 after buying an additional 111,900 shares in the last quarter. Institutional investors own 81.36% of the company’s stock.

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 29th. Investors of record on Thursday, June 21st will be given a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date is Wednesday, June 20th. LTC Properties’s dividend payout ratio (DPR) is presently 73.55%.

About LTC Properties

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 mezzanine lending. At December 31, 2017, LTC had 202 investments located in 29 states comprising 105 assisted living communities, 96 skilled nursing centers and 1 behavioral health care hospital.

Earnings History and Estimates for LTC Properties (NYSE:LTC)

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