Wall Street analysts expect LTC Properties Inc (NYSE:LTC) to announce earnings per share (EPS) of $0.75 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for LTC Properties’ earnings, with estimates ranging from $0.75 to $0.76. LTC Properties posted earnings of $0.76 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 1.3%. The business is scheduled to announce its next quarterly earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that LTC Properties will report full year earnings of $3.01 per share for the current year, with EPS estimates ranging from $3.00 to $3.04. For the next fiscal year, analysts expect that the company will post earnings of $3.10 per share, with EPS estimates ranging from $3.05 to $3.14. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for LTC Properties.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.98. LTC Properties had a return on equity of 16.84% and a net margin of 77.94%. The company had revenue of $33.93 million during the quarter, compared to analysts’ expectations of $34.55 million.

A number of equities analysts recently issued reports on the company. Zacks Investment Research cut LTC Properties from a “buy” rating to a “hold” rating in a report on Saturday, August 18th. ValuEngine upgraded LTC Properties from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Stifel Nicolaus set a $43.00 price objective on LTC Properties and gave the company a “hold” rating in a report on Thursday, August 9th. Cantor Fitzgerald restated a “buy” rating and set a $46.00 price objective (up previously from $45.00) on shares of LTC Properties in a report on Thursday, August 9th. Finally, TheStreet upgraded LTC Properties from a “c+” rating to a “b-” rating in a report on Thursday, June 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $43.57.

Several hedge funds have recently modified their holdings of LTC. BlackRock Inc. lifted its holdings in shares of LTC Properties by 6.8% in the 2nd quarter. BlackRock Inc. now owns 6,590,717 shares of the real estate investment trust’s stock worth $281,688,000 after buying an additional 420,671 shares during the period. TD Asset Management Inc. lifted its holdings in shares of LTC Properties by 405.9% in the 2nd quarter. TD Asset Management Inc. now owns 308,100 shares of the real estate investment trust’s stock worth $13,168,000 after buying an additional 247,200 shares during the period. Alps Advisors Inc. purchased a new stake in shares of LTC Properties in the 2nd quarter worth $4,787,000. Victory Capital Management Inc. lifted its holdings in shares of LTC Properties by 3.6% in the 2nd quarter. Victory Capital Management Inc. now owns 1,622,530 shares of the real estate investment trust’s stock worth $69,347,000 after buying an additional 55,781 shares during the period. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in shares of LTC Properties in the 1st quarter worth $1,946,000. Institutional investors and hedge funds own 75.86% of the company’s stock.

LTC traded down $0.08 during trading hours on Monday, reaching $45.29. 137,100 shares of the company’s stock traded hands, compared to its average volume of 249,875. LTC Properties has a 52-week low of $34.46 and a 52-week high of $49.59. The company has a quick ratio of 8.26, a current ratio of 8.26 and a debt-to-equity ratio of 0.81. The stock has a market cap of $1.80 billion, a P/E ratio of 14.61, a PEG ratio of 3.76 and a beta of 0.10.

The company also recently announced a monthly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 20th will be issued a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Wednesday, September 19th. LTC Properties’s dividend payout ratio is 73.55%.

About LTC Properties

LTC Properties (NYSE: 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 preferred equity and mezzanine lending. At June 30, 2018, LTC had 199 investments located in 28 states comprising 102 assisted living communities, 96 skilled nursing centers and one behavioral health care hospital.

Featured Story: Do You Need a Fiduciary?

Get a free copy of the Zacks research report on LTC Properties (LTC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for LTC Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LTC Properties and related companies with MarketBeat.com's FREE daily email newsletter.