Cantor Fitzgerald Analysts Increase Earnings Estimates for LTC Properties, Inc. (LTC)
LTC Properties, Inc. (NYSE:LTC) – Analysts at Cantor Fitzgerald upped their FY2017 earnings per share estimates for shares of LTC Properties in a research note issued to investors on Tuesday. Cantor Fitzgerald analyst J. France now anticipates that the real estate investment trust will post earnings of $3.10 per share for the year, up from their previous estimate of $3.05. Cantor Fitzgerald also issued estimates for LTC Properties’ FY2018 earnings at $3.18 EPS.
LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.26. The company had revenue of $41.25 million during the quarter, compared to analyst estimates of $32.91 million. LTC Properties had a return on equity of 11.69% and a net margin of 52.18%. During the same period in the previous year, the company earned $0.57 earnings per share. ILLEGAL ACTIVITY WARNING: “Cantor Fitzgerald Analysts Increase Earnings Estimates for LTC Properties, Inc. (LTC)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.watchlistnews.com/cantor-fitzgerald-analysts-increase-earnings-estimates-for-ltc-properties-inc-ltc/1712988.html.
A number of other brokerages have also commented on LTC. Zacks Investment Research lowered LTC Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Stifel Nicolaus restated a “hold” rating and issued a $50.00 target price on shares of LTC Properties in a research note on Friday, July 28th. KeyCorp restated a “hold” rating on shares of LTC Properties in a research note on Sunday, September 17th. BidaskClub upgraded LTC Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, BMO Capital Markets lowered LTC Properties from a “market perform” rating to an “underperform” rating and cut their target price for the company from $50.00 to $44.00 in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $50.17.
LTC Properties (NYSE:LTC) opened at $46.62 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 8.66 and a quick ratio of 8.66. The company has a market capitalization of $1,870.00, a price-to-earnings ratio of 15.43, a P/E/G ratio of 3.91 and a beta of 0.19. LTC Properties has a 12 month low of $43.91 and a 12 month high of $52.85.
The business also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd will be given a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Tuesday, November 21st. LTC Properties’s dividend payout ratio (DPR) is 102.70%.
A number of large investors have recently made changes to their positions in LTC. PNC Financial Services Group Inc. grew its position in LTC Properties by 12.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,037 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 231 shares during the period. Quantbot Technologies LP bought a new stake in LTC Properties in the third quarter valued at $139,000. Riverhead Capital Management LLC grew its position in LTC Properties by 91.5% in the second quarter. Riverhead Capital Management LLC now owns 3,064 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 1,464 shares during the period. Ameritas Investment Partners Inc. grew its position in LTC Properties by 6.1% in the second quarter. Ameritas Investment Partners Inc. now owns 3,456 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 200 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of LTC Properties by 9.4% during the second quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.
LTC Properties Company Profile
LTC Properties Inc is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. It invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC).
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