LTC Properties, Inc. (LTC) Forecasted to Earn FY2017 Earnings of $3.10 Per Share

LTC Properties, Inc. (NYSE:LTC) – Stock analysts at Cantor Fitzgerald lifted their FY2017 earnings per share estimates for shares of LTC Properties in a research note issued on Tuesday. Cantor Fitzgerald analyst J. France now forecasts that the real estate investment trust will earn $3.10 per share for the year, up from their prior estimate of $3.05. Cantor Fitzgerald also issued estimates for LTC Properties’ FY2018 earnings at $3.18 EPS.

A number of other research analysts have also commented on the stock. BMO Capital Markets restated a “sell” rating and issued a $44.00 price objective on shares of LTC Properties in a research note on Wednesday, October 18th. Zacks Investment Research lowered shares of LTC Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Stifel Nicolaus restated a “hold” rating and issued a $50.00 price objective on shares of LTC Properties in a research note on Friday, July 28th. BidaskClub upgraded shares of LTC Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, KeyCorp restated a “hold” rating on shares of LTC Properties in a research note on Sunday, September 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.17.

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LTC Properties (NYSE LTC) opened at $46.62 on Friday. 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 company has a market cap of $1,870.00, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 3.91 and a beta of 0.19. LTC Properties has a one year low of $43.91 and a one 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 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.26. The company had revenue of $41.25 million for the quarter, compared to analyst estimates of $32.91 million. LTC Properties had a net margin of 52.18% and a return on equity of 11.69%. During the same period in the previous year, the business posted $0.57 earnings per share.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of LTC Properties by 1.1% during the second quarter. Vanguard Group Inc. now owns 6,477,456 shares of the real estate investment trust’s stock worth $332,876,000 after acquiring an additional 67,988 shares during the period. State Street Corp increased its stake in shares of LTC Properties by 2.0% during the second quarter. State Street Corp now owns 1,509,897 shares of the real estate investment trust’s stock worth $77,593,000 after acquiring an additional 29,620 shares during the period. Northern Trust Corp increased its stake in shares of LTC Properties by 3.2% during the second quarter. Northern Trust Corp now owns 1,471,619 shares of the real estate investment trust’s stock worth $75,627,000 after acquiring an additional 45,234 shares during the period. Uniplan Investment Counsel Inc. increased its stake in shares of LTC Properties by 89.0% during the second quarter. Uniplan Investment Counsel Inc. now owns 1,324,700 shares of the real estate investment trust’s stock worth $36,538,000 after acquiring an additional 623,870 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of LTC Properties by 7.7% during the third quarter. Victory Capital Management Inc. now owns 1,061,481 shares of the real estate investment trust’s stock worth $49,869,000 after acquiring an additional 76,325 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

The company also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 22nd will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, November 21st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.89%. LTC Properties’s dividend payout ratio (DPR) is 102.70%.

About LTC Properties

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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