LTC Properties (LTC) Projected to Post Earnings on Monday

LTC Properties (NYSE:LTC) is projected to post its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect LTC Properties to post earnings of $0.65 per share and revenue of $45.25 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

LTC Properties Price Performance

Shares of NYSE LTC opened at $34.44 on Friday. The stock has a market capitalization of $1.56 billion, a PE ratio of 14.78 and a beta of 0.93. LTC Properties has a fifty-two week low of $31.14 and a fifty-two week high of $39.89. 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 has a fifty day moving average price of $34.52 and a two-hundred day moving average price of $36.12.

LTC Properties Announces Dividend

The firm also recently announced a jan 25 dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 21st will be paid a dividend of $0.19 per share. This represents a yield of 6.45%. The ex-dividend date of this dividend is Friday, March 21st. LTC Properties’s payout ratio is presently 97.85%.

Insider Buying and Selling at LTC Properties

In related news, Director David L. Gruber bought 3,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average cost of $37.16 per share, with a total value of $111,480.00. Following the transaction, the director now directly owns 21,516 shares in the company, valued at approximately $799,534.56. This trade represents a 16.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citizens Jmp upgraded LTC Properties from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. JMP Securities upgraded shares of LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research report on Tuesday, January 7th.

LTC Properties Company Profile

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.