LTC Properties, Inc. (NYSE:LTC) – Analysts at Capital One Financial Corporation raised their FY2017 earnings estimates for LTC Properties in a note issued to investors on Friday. Capital One Financial Corporation analyst D. Bernstein now forecasts that the real estate investment trust will earn $3.09 per share for the year, up from their prior forecast of $3.05. Capital One Financial Corporation has a “Overweight” rating and a $50.00 price target on the stock. Capital One Financial Corporation also issued estimates for LTC Properties’ Q4 2017 earnings at $0.77 EPS, Q1 2018 earnings at $0.77 EPS, Q2 2018 earnings at $0.78 EPS, Q3 2018 earnings at $0.78 EPS, Q4 2018 earnings at $0.78 EPS, FY2018 earnings at $3.11 EPS, Q1 2019 earnings at $0.78 EPS, Q2 2019 earnings at $0.79 EPS, Q3 2019 earnings at $0.80 EPS and FY2019 earnings at $3.19 EPS.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of LTC Properties from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $50.00 price target on shares of LTC Properties in a report on Friday, July 28th. BMO Capital Markets reaffirmed a “sell” rating and set a $44.00 price target on shares of LTC Properties in a report on Wednesday, October 18th. KeyCorp reaffirmed a “hold” rating on shares of LTC Properties in a report on Sunday, September 17th. Finally, BidaskClub downgraded shares of LTC Properties from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $50.17.

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LTC Properties (LTC) opened at $48.00 on Monday. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1,909.69, a P/E ratio of 15.52, a P/E/G ratio of 3.93 and a beta of 0.18. LTC Properties has a 1-year low of $43.91 and a 1-year high of $52.85.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.26. The company had revenue of $41.25 million for the quarter, compared to the consensus estimate of $32.91 million. LTC Properties had a net margin of 52.18% and a return on equity of 11.69%. During the same quarter last year, the firm posted $0.57 earnings per share.

A number of large investors have recently modified their holdings of the business. Janus Henderson Group PLC raised its position in shares of LTC Properties by 19.5% during the third quarter. Janus Henderson Group PLC now owns 208,565 shares of the real estate investment trust’s stock valued at $9,797,000 after buying an additional 33,964 shares during the last quarter. Uniplan Investment Counsel Inc. raised its position in shares of LTC Properties by 2.1% during the third quarter. Uniplan Investment Counsel Inc. now owns 725,854 shares of the real estate investment trust’s stock valued at $34,100,000 after buying an additional 14,860 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of LTC Properties by 1.0% during the third quarter. Asset Management One Co. Ltd. now owns 126,077 shares of the real estate investment trust’s stock valued at $5,910,000 after buying an additional 1,289 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of LTC Properties by 4.0% during the third quarter. Dimensional Fund Advisors LP now owns 580,158 shares of the real estate investment trust’s stock valued at $27,256,000 after buying an additional 22,325 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of LTC Properties by 7.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 396,873 shares of the real estate investment trust’s stock valued at $18,646,000 after buying an additional 27,398 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

The company also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 4.75%. The ex-dividend date is Tuesday, November 21st. LTC Properties’s dividend payout ratio is currently 102.24%.

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).

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

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