$0.75 Earnings Per Share Expected for LTC Properties Inc (LTC) This Quarter

Brokerages expect LTC Properties Inc (NYSE:LTC) to report earnings per share of $0.75 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for LTC Properties’ earnings, with the lowest EPS estimate coming in at $0.75 and the highest estimate coming in at $0.76. LTC Properties reported earnings per share of $0.76 during the same quarter last year, which indicates a negative year-over-year growth rate of 1.3%. The company is expected to issue its next earnings results after the market closes on Wednesday, November 14th.

According to Zacks, analysts expect that LTC Properties will report full year earnings of $3.01 per share for the current fiscal year, with EPS estimates ranging from $3.00 to $3.02. For the next financial year, analysts forecast that the business will post earnings of $3.10 per share, with EPS estimates ranging from $3.05 to $3.14. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow LTC Properties.

LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Wednesday, August 8th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.98. The business had revenue of $33.93 million for the quarter, compared to the consensus estimate of $34.55 million. LTC Properties had a return on equity of 16.84% and a net margin of 77.94%.

LTC has been the topic of several recent research reports. TheStreet raised LTC Properties from a “c+” rating to a “b-” rating in a report on Thursday, June 28th. Cantor Fitzgerald reissued a “buy” rating and issued a $46.00 price target (up previously from $45.00) on shares of LTC Properties in a report on Thursday, August 9th. Stifel Nicolaus set a $43.00 price target on LTC Properties and gave the stock a “hold” rating in a report on Thursday, August 9th. Zacks Investment Research raised LTC Properties from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, August 14th. Finally, ValuEngine raised LTC Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.50.

A number of institutional investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. bought a new stake in shares of LTC Properties in the 2nd quarter worth $191,000. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of LTC Properties in the 2nd quarter worth $201,000. Pitcairn Co. bought a new stake in shares of LTC Properties in the 2nd quarter worth $205,000. Janney Montgomery Scott LLC bought a new stake in shares of LTC Properties in the 2nd quarter worth $206,000. Finally, Wedbush Securities Inc. bought a new stake in shares of LTC Properties in the 2nd quarter worth $218,000. 75.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE LTC opened at $43.66 on Friday. The company has a market capitalization of $1.75 billion, a P/E ratio of 13.84, a P/E/G ratio of 3.67 and a beta of 0.08. LTC Properties has a 12-month low of $34.46 and a 12-month high of $49.59. The company has a debt-to-equity ratio of 0.81, a quick ratio of 8.26 and a current ratio of 8.26.

The firm also recently announced a oct 18 dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Tuesday, October 23rd will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, October 22nd. LTC Properties’s payout ratio is currently 73.55%.

LTC Properties Company Profile

LTC Properties (NYSE: 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 preferred equity and mezzanine lending. At June 30, 2018, LTC had 199 investments located in 28 states comprising 102 assisted living communities, 96 skilled nursing centers and one behavioral health care hospital.

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

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