Wedbush Issues Positive Forecast for LTC Properties Earnings

LTC Properties, Inc. (NYSE:LTC) – Equities researchers at Wedbush boosted their FY2025 earnings per share (EPS) estimates for shares of LTC Properties in a report issued on Monday, November 4th. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings per share of $2.74 for the year, up from their previous forecast of $2.73. Wedbush has a “Outperform” rating and a $40.00 price objective on the stock. The consensus estimate for LTC Properties’ current full-year earnings is $2.79 per share.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.05). The firm had revenue of $55.78 million for the quarter, compared to the consensus estimate of $35.45 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS.

Separately, Wells Fargo & Company reiterated an “equal weight” rating and set a $37.00 price target (up previously from $36.00) on shares of LTC Properties in a research report on Tuesday, October 1st.

LTC Properties Trading Down 0.0 %

Shares of NYSE:LTC opened at $37.93 on Wednesday. The company has a market capitalization of $1.72 billion, a P/E ratio of 16.28 and a beta of 0.90. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60. The business’s 50 day simple moving average is $36.62 and its 200 day simple moving average is $35.42. LTC Properties has a 1 year low of $30.30 and a 1 year high of $39.64.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new position in shares of LTC Properties in the third quarter valued at approximately $36,000. GAMMA Investing LLC boosted its holdings in shares of LTC Properties by 91.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,439 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 687 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in LTC Properties by 35.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,687 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 437 shares during the period. Community Trust & Investment Co. purchased a new stake in LTC Properties during the third quarter worth about $202,000. Finally, Walleye Trading LLC bought a new stake in LTC Properties in the first quarter worth about $209,000. 69.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at LTC Properties

In related news, Director Timothy Triche sold 5,000 shares of LTC Properties 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 completion of the transaction, the director now owns 34,522 shares of the company’s stock, valued at $1,258,326.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.

LTC Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend is Thursday, November 21st. LTC Properties’s dividend payout ratio is currently 97.85%.

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's investment portfolio includes 201 properties in 26 states with 29 operating partners.