LTC Properties Inc to Post Q1 2018 Earnings of $0.76 Per Share, KeyCorp Forecasts (LTC)
LTC Properties Inc (NYSE:LTC) – Analysts at KeyCorp issued their Q1 2018 earnings estimates for LTC Properties in a research note issued on Thursday. KeyCorp analyst J. Sadler anticipates that the real estate investment trust will post earnings per share of $0.76 for the quarter. KeyCorp has a “Hold” rating on the stock.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of LTC Properties from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Thursday. ValuEngine downgraded shares of LTC Properties from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Royal Bank of Canada reiterated a “hold” rating and set a $48.00 target price on shares of LTC Properties in a research report on Monday, October 23rd. Capital One Financial initiated coverage on shares of LTC Properties in a research report on Monday, September 25th. They set an “overweight” rating and a $50.00 target price on the stock. Finally, BMO Capital Markets reiterated a “sell” rating and set a $44.00 target price on shares of LTC Properties in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $49.71.
Shares of LTC Properties (NYSE LTC) opened at $40.39 on Friday. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.84. LTC Properties has a 1 year low of $40.29 and a 1 year high of $52.85. The company has a market cap of $1,623.98, a P/E ratio of 13.20, a P/E/G ratio of 3.27 and a beta of 0.17.
LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.26. LTC Properties had a net margin of 52.18% and a return on equity of 11.69%. The company had revenue of $41.25 million for the quarter, compared to the consensus estimate of $32.91 million. During the same period last year, the company posted $0.57 EPS.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, February 16th. This represents a $2.28 annualized dividend and a yield of 5.64%. LTC Properties’s dividend payout ratio is presently 102.24%.
In other news, Director Timothy Triche sold 2,720 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $43.35, for a total value of $117,912.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Pieczynski purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was purchased at an average price of $43.60 per share, for a total transaction of $87,200.00. Following the transaction, the director now directly owns 17,974 shares in the company, valued at approximately $783,666.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 9,727 shares of company stock worth $436,470. 1.50% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of LTC Properties by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 6,477,456 shares of the real estate investment trust’s stock worth $332,876,000 after purchasing an additional 67,988 shares during the period. State Street Corp lifted its position in shares of LTC Properties by 2.0% in the 2nd quarter. State Street Corp now owns 1,509,897 shares of the real estate investment trust’s stock worth $77,593,000 after purchasing an additional 29,620 shares during the period. Northern Trust Corp lifted its position in shares of LTC Properties by 3.2% in the 2nd quarter. Northern Trust Corp now owns 1,471,619 shares of the real estate investment trust’s stock worth $75,627,000 after purchasing an additional 45,234 shares during the period. Victory Capital Management Inc. lifted its position in shares of LTC Properties by 7.7% in the 3rd quarter. Victory Capital Management Inc. now owns 1,061,481 shares of the real estate investment trust’s stock worth $49,869,000 after purchasing an additional 76,325 shares during the period. Finally, Uniplan Investment Counsel Inc. lifted its position in shares of LTC Properties by 2.1% in the 3rd quarter. Uniplan Investment Counsel Inc. now owns 725,854 shares of the real estate investment trust’s stock worth $34,100,000 after purchasing an additional 14,860 shares during the period. Hedge funds and other institutional investors own 77.52% 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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