Wedbush Issues Positive Estimate for LTC Properties Earnings

LTC Properties, Inc. (NYSE:LTC) – Research analysts at Wedbush increased their FY2025 EPS estimates for LTC Properties in a note issued to investors on Monday, November 4th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will earn $2.74 per share for the year, up from their prior forecast of $2.73. Wedbush has a “Outperform” rating and a $40.00 price target on the stock. The consensus estimate for LTC Properties’ current full-year earnings is $2.74 per share.

LTC Properties (NYSE:LTC) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $35.45 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. LTC Properties’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share.

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

LTC Properties Price Performance

Shares of LTC opened at $37.94 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.60. The stock has a market cap of $1.72 billion, a PE ratio of 16.28 and a beta of 0.90. The firm’s 50-day simple moving average is $36.59 and its two-hundred day simple moving average is $35.40. LTC Properties has a fifty-two week low of $30.30 and a fifty-two week high of $39.64.

LTC Properties Dividend Announcement

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

Insider Activity

In other news, Director Timothy Triche sold 5,000 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $36.45, for a total value of $182,250.00. Following the transaction, the director now directly owns 34,522 shares in the company, valued at $1,258,326.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On LTC Properties

A number of large investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new stake in shares of LTC Properties in the 3rd quarter valued at about $36,000. GAMMA Investing LLC raised its position 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 acquiring an additional 687 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted 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 purchasing an additional 437 shares in the last quarter. Community Trust & Investment Co. purchased a new position in LTC Properties in the third quarter valued at about $202,000. Finally, Walleye Trading LLC bought a new position in LTC Properties in the first quarter worth about $209,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.

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.