Equities analysts predict that LTC Properties Inc (NYSE:LTC) will report earnings per share (EPS) of $0.75 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for LTC Properties’ earnings. The lowest EPS estimate is $0.73 and the highest is $0.77. LTC Properties also reported earnings per share of $0.75 during the same quarter last year. The company is scheduled to announce its next earnings report on Wednesday, May 8th.
According to Zacks, analysts expect that LTC Properties will report full-year earnings of $3.07 per share for the current financial year, with EPS estimates ranging from $3.03 to $3.12. For the next fiscal year, analysts anticipate that the firm will post earnings of $3.10 per share, with EPS estimates ranging from $3.08 to $3.12. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow LTC Properties.
Get LTC Properties alerts:A number of research analysts have weighed in on the company. ValuEngine lowered LTC Properties from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Zacks Investment Research downgraded LTC Properties from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. BMO Capital Markets reiterated a “sell” rating and issued a $40.00 price target on shares of LTC Properties in a research note on Thursday, December 6th. Finally, Royal Bank of Canada reiterated a “sell” rating and issued a $40.00 price target on shares of LTC Properties in a research note on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $44.40.
NYSE:LTC traded down $0.20 during trading hours on Friday, reaching $43.92. 8,737 shares of the company traded hands, compared to its average volume of 188,286. LTC Properties has a 1-year low of $34.46 and a 1-year high of $48.13. The stock has a market cap of $1.74 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 3.76 and a beta of 0.50. The company has a debt-to-equity ratio of 0.81, a quick ratio of 8.91 and a current ratio of 8.91.
The business also recently announced a monthly dividend, which was paid on Thursday, February 28th. Shareholders of record on Wednesday, February 20th were paid a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date was Tuesday, February 19th.
Several large investors have recently modified their holdings of LTC. We Are One Seven LLC acquired a new position in shares of LTC Properties in the 4th quarter worth approximately $27,000. Quantamental Technologies LLC purchased a new position in shares of LTC Properties during the 4th quarter worth $28,000. Macroview Investment Management LLC purchased a new position in shares of LTC Properties during the 4th quarter worth $33,000. Dubuque Bank & Trust Co. lifted its stake in shares of LTC Properties by 665.0% during the 4th quarter. Dubuque Bank & Trust Co. now owns 1,224 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,064 shares during the period. Finally, Private Capital Group LLC lifted its stake in shares of LTC Properties by 28.5% during the 4th quarter. Private Capital Group LLC now owns 1,524 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 338 shares during the period. 74.54% of the stock is owned by institutional investors.
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 September 30, 2018, LTC had 199 investments located in 28 states, comprising 103 assisted living communities, 95 skilled nursing centers and 1 behavioral health care hospital.
Featured Story: Different Options Trading Strategies
Get a free copy of the Zacks research report on LTC Properties (LTC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
No comments:
Post a Comment