LTC Properties Inc (LTC) Expected to Post Earnings of $0.78 Per Share

Wall Street analysts expect LTC Properties Inc (NYSE:LTC) to report earnings of $0.78 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for LTC Properties’ earnings. The lowest EPS estimate is $0.76 and the highest is $0.83. LTC Properties reported earnings of $0.77 per share in the same quarter last year, which suggests a positive year over year growth rate of 1.3%. The business is expected to issue its next quarterly earnings report on Thursday, March 7th.

According to Zacks, analysts expect that LTC Properties will report full-year earnings of $3.02 per share for the current fiscal year, with EPS estimates ranging from $3.01 to $3.08. For the next financial year, analysts forecast that the firm will report earnings of $3.08 per share, with EPS estimates ranging from $3.05 to $3.10. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for LTC Properties.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13. The business had revenue of $34.21 million during the quarter, compared to analyst estimates of $34.12 million. LTC Properties had a return on equity of 18.31% and a net margin of 86.31%.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded LTC Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. Stifel Nicolaus set a $43.00 price target on LTC Properties and gave the company a “hold” rating in a research report on Thursday, August 9th. ValuEngine upgraded LTC Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Cantor Fitzgerald restated a “buy” rating and issued a $46.00 price target (up from $45.00) on shares of LTC Properties in a research report on Thursday, August 9th. Finally, Royal Bank of Canada restated a “sell” rating and issued a $40.00 price target on shares of LTC Properties in a research report on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. LTC Properties currently has an average rating of “Hold” and a consensus price target of $42.83.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. acquired a new position in LTC Properties in the third quarter valued at approximately $106,000. Advisory Services Network LLC lifted its holdings in LTC Properties by 11,804.8% in the third quarter. Advisory Services Network LLC now owns 2,500 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 2,479 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in LTC Properties in the second quarter valued at approximately $191,000. Sawtooth Solutions LLC acquired a new position in LTC Properties in the third quarter valued at approximately $201,000. Finally, Pitcairn Co. acquired a new position in LTC Properties in the second quarter valued at approximately $205,000. Hedge funds and other institutional investors own 75.29% of the company’s stock.

LTC stock opened at $46.85 on Friday. The company has a quick ratio of 8.91, a current ratio of 8.91 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $1.84 billion, a PE ratio of 15.11, a P/E/G ratio of 3.84 and a beta of 0.13. LTC Properties has a 1 year low of $34.46 and a 1 year high of $47.39.

The firm also recently disclosed a dividend, which was paid on Friday, November 30th. Investors of record on Wednesday, November 21st were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, November 20th. LTC Properties’s dividend payout ratio is presently 73.55%.

LTC Properties Company Profile

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 September 30, 2018, LTC had 199 investments located in 28 states, comprising 103 assisted living communities, 95 skilled nursing centers and 1 behavioral health care hospital.

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

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