LTC Properties (LTC) Set to Announce Earnings on Monday

LTC Properties (NYSE:LTC) is set to release its earnings data after the market closes on Monday, April 29th. Analysts expect LTC Properties to post earnings of $0.65 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

LTC Properties Price Performance

Shares of LTC opened at $32.56 on Friday. The stock’s fifty day moving average is $32.02 and its 200-day moving average is $32.10. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 15.07 and a beta of 0.87. LTC Properties has a one year low of $30.30 and a one year high of $35.72. The company has a debt-to-equity ratio of 0.97, a quick ratio of 13.29 and a current ratio of 13.29.

LTC Properties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be issued a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date is Thursday, June 20th. LTC Properties’s payout ratio is currently 105.56%.

Insiders Place Their Bets

In other LTC Properties news, Director Timothy Triche sold 3,082 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $31.67, for a total transaction of $97,606.94. Following the completion of the sale, the director now directly owns 36,343 shares in the company, valued at approximately $1,150,982.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on LTC Properties in a report on Tuesday, January 30th. They set a “hold” rating and a $34.00 target price on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $33.86.

LTC Properties Company Profile

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.