Wedbush Has Positive View of LTC Properties FY2025 Earnings

LTC Properties, Inc. (NYSE:LTC) – Equities research analysts at Wedbush raised their FY2025 earnings estimates for shares of LTC Properties in a research note issued on Monday, November 4th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings of $2.74 per share for the year, up from their previous estimate of $2.73. Wedbush has a “Outperform” rating and a $40.00 price objective on the stock. The consensus estimate for LTC Properties’ current full-year earnings is $2.74 per share.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). The business had revenue of $55.78 million for the quarter, compared to analysts’ expectations of $35.45 million. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share.

Separately, Wells Fargo & Company restated an “equal weight” rating and issued a $37.00 price objective (up from $36.00) on shares of LTC Properties in a research report on Tuesday, October 1st.

LTC Properties Price Performance

NYSE:LTC opened at $37.94 on Wednesday. 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 company has a 50 day moving average price of $36.59 and a 200-day moving average price of $35.40. LTC Properties has a 1-year low of $30.30 and a 1-year high of $39.64. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 16.28 and a beta of 0.90.

LTC Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.28 dividend on an annualized basis and a yield of 6.01%. LTC Properties’s dividend payout ratio is currently 97.85%.

Insider Activity

In other news, Director Timothy Triche sold 5,000 shares of LTC Properties stock in a transaction on Friday, August 30th. The stock was sold at an average price of $36.45, for a total value of $182,250.00. Following the completion of the sale, the director now directly owns 34,522 shares of the company’s stock, valued at approximately $1,258,326.90. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LTC. Harbor Capital Advisors Inc. acquired a new position in shares of LTC Properties in the 3rd quarter valued at $36,000. GAMMA Investing LLC lifted its position in LTC Properties by 91.4% in the second quarter. GAMMA Investing LLC now owns 1,439 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 687 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in LTC Properties by 35.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,687 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 437 shares during the last quarter. Community Trust & Investment Co. acquired a new position in LTC Properties in the third quarter valued at $202,000. Finally, Walleye Trading LLC purchased a new position in shares of LTC Properties during the first quarter worth about $209,000. Hedge funds and other institutional investors own 69.25% of the company’s stock.

About LTC Properties

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.