LTC Properties (NYSE: LTC) and Blackstone Mortgage Trust (NYSE:BXMT) are both finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their risk, dividends, institutional ownership, valuation, analyst recommendations, profitability and earnings.
LTC Properties pays an annual dividend of $2.28 per share and has a dividend yield of 6.2%. Blackstone Mortgage Trust pays an annual dividend of $2.48 per share and has a dividend yield of 8.0%. LTC Properties pays out 73.5% of its earnings in the form of a dividend. Blackstone Mortgage Trust pays out 107.4% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. LTC Properties has raised its dividend for 6 consecutive years.
This table compares LTC Properties and Blackstone Mortgage Trust’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Blackstone Mortgage Trust||53.86%||8.47%||2.28%|
This is a summary of recent recommendations and price targets for LTC Properties and Blackstone Mortgage Trust, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Blackstone Mortgage Trust||0||3||4||0||2.57|
LTC Properties currently has a consensus target price of $46.14, suggesting a potential upside of 25.32%. Blackstone Mortgage Trust has a consensus target price of $33.25, suggesting a potential upside of 6.67%. Given LTC Properties’ higher possible upside, equities analysts plainly believe LTC Properties is more favorable than Blackstone Mortgage Trust.
Risk & Volatility
LTC Properties has a beta of 0.11, suggesting that its share price is 89% less volatile than the S&P 500. Comparatively, Blackstone Mortgage Trust has a beta of 0.44, suggesting that its share price is 56% less volatile than the S&P 500.
Insider & Institutional Ownership
80.1% of LTC Properties shares are owned by institutional investors. Comparatively, 61.2% of Blackstone Mortgage Trust shares are owned by institutional investors. 1.5% of LTC Properties shares are owned by insiders. Comparatively, 0.9% of Blackstone Mortgage Trust shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Valuation & Earnings
This table compares LTC Properties and Blackstone Mortgage Trust’s top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|LTC Properties||$168.07 million||8.68||$87.34 million||$3.10||11.88|
|Blackstone Mortgage Trust||$303.05 million||11.13||$217.63 million||$2.31||13.49|
Blackstone Mortgage Trust has higher revenue and earnings than LTC Properties. LTC Properties is trading at a lower price-to-earnings ratio than Blackstone Mortgage Trust, indicating that it is currently the more affordable of the two stocks.
Blackstone Mortgage Trust beats LTC Properties on 9 of the 17 factors compared between the two stocks.
LTC Properties Company Profile
LTC is a self-administered real estate investment trust that primarily invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including mezzanine lending. At December 31, 2017, LTC had 202 investments located in 29 states comprising 105 assisted living communities, 96 skilled nursing centers and 1 behavioral health care hospital. Assisted living communities, independent living communities, memory care communities and combinations thereof are included in the assisted living property type. For more information on LTC Properties, Inc., visit the Company's website at www.LTCreit.com, or connect with us on Twitter @LTCreit and LinkedIn.
Blackstone Mortgage Trust Company Profile
Blackstone Mortgage Trust, Inc. is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors. These investments may be in the form of whole loans or may also include pari passu participations within mortgage loans. It directly originates, co-originates and acquires debt instruments in conjunction with acquisitions, refinancings and recapitalizations of commercial real estate. The Company’s manager is BXMT Advisors L.L.C.
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