$0.74 Earnings Per Share Expected for LTC Properties Inc (LTC) This Quarter

Equities research analysts expect that LTC Properties Inc (NYSE:LTC) will announce $0.74 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for LTC Properties’ earnings. The highest EPS estimate is $0.76 and the lowest is $0.73. LTC Properties posted earnings of $0.75 per share during the same quarter last year, which indicates a negative year over year growth rate of 1.3%. The business is expected to report its next quarterly earnings results on Wednesday, May 8th.

According to Zacks, analysts expect that LTC Properties will report full year earnings of $3.02 per share for the current financial year, with EPS estimates ranging from $3.00 to $3.05. For the next year, analysts anticipate that the firm will post earnings of $3.13 per share, with EPS estimates ranging from $3.12 to $3.15. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow LTC Properties.

Several research firms have issued reports on LTC. Zacks Investment Research downgraded shares of LTC Properties from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. ValuEngine downgraded shares of LTC Properties from a “buy” rating to a “hold” rating in a report on Monday, February 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.40.

Several hedge funds and other institutional investors have recently modified their holdings of LTC. Norges Bank acquired a new stake in LTC Properties during the fourth quarter worth about $21,421,000. Northern Trust Corp increased its position in LTC Properties by 31.5% during the fourth quarter. Northern Trust Corp now owns 936,253 shares of the real estate investment trust’s stock worth $39,024,000 after purchasing an additional 224,162 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in LTC Properties during the fourth quarter worth about $5,678,000. Nordea Investment Management AB acquired a new stake in LTC Properties during the third quarter worth about $4,632,000. Finally, Deutsche Bank AG increased its position in LTC Properties by 111.5% during the fourth quarter. Deutsche Bank AG now owns 176,776 shares of the real estate investment trust’s stock worth $7,366,000 after purchasing an additional 93,195 shares during the last quarter. Institutional investors and hedge funds own 76.97% of the company’s stock.

LTC opened at $44.00 on Thursday. The company has a current ratio of 9.97, a quick ratio of 9.97 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 3.64 and a beta of 0.49. LTC Properties has a 52-week low of $34.46 and a 52-week high of $48.13.

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 20th will be given a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Wednesday, June 19th. LTC Properties’s dividend payout ratio (DPR) is 74.51%.

About LTC Properties

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 holds more than 200 investments in 28 states with 30 operating partners.

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

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