LTC Properties (NYSE:LTC – Get Free Report) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05), Zacks reports. The firm had revenue of $55.78 million during the quarter, compared to analyst estimates of $35.45 million. LTC Properties had a return on equity of 10.22% and a net margin of 46.78%. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS.
LTC Properties Stock Up 1.1 %
LTC traded up $0.42 during trading on Thursday, hitting $39.42. 63,842 shares of the company’s stock were exchanged, compared to its average volume of 281,087. The company has a quick ratio of 11.29, a current ratio of 11.29 and a debt-to-equity ratio of 0.88. The business’s 50 day moving average is $36.39 and its two-hundred day moving average is $35.18. LTC Properties has a fifty-two week low of $30.30 and a fifty-two week high of $39.59. The stock has a market cap of $1.71 billion, a P/E ratio of 20.31 and a beta of 0.91.
LTC Properties Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 23rd will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.28 annualized dividend and a yield of 5.78%. LTC Properties’s payout ratio is 118.75%.
Analyst Upgrades and Downgrades
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Insiders Place Their Bets
In other LTC Properties news, Director Timothy Triche sold 5,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $36.45, for a total transaction of $182,250.00. Following the transaction, the director now owns 34,522 shares in the company, valued at approximately $1,258,326.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director David L. Gruber bought 6,000 shares of LTC Properties stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $35.75 per share, for a total transaction of $214,500.00. Following the purchase, the director now directly owns 18,412 shares in the company, valued at $658,229. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy Triche sold 5,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $36.45, for a total transaction of $182,250.00. Following the completion of the sale, the director now owns 34,522 shares of the company’s stock, valued at approximately $1,258,326.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
LTC Properties Company Profile
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 201 properties in 26 states with 29 operating partners.
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