LTC Properties (NYSE:LTC) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

LTC Properties (NYSE:LTC) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07, Zacks reports. LTC Properties had a return on equity of 10.49% and a net margin of 48.77%.

LTC Properties Stock Performance

NYSE LTC opened at $34.84 on Tuesday. The stock has a market capitalization of $1.58 billion, a PE ratio of 14.95 and a beta of 0.93. The business has a 50 day simple moving average of $34.48 and a two-hundred day simple moving average of $36.12. The company has a debt-to-equity ratio of 0.75, a current ratio of 11.60 and a quick ratio of 11.60. LTC Properties has a 1-year low of $31.14 and a 1-year high of $39.89.

LTC Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

LTC has been the subject of several research analyst reports. JMP Securities upgraded LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Tuesday, January 7th. Citizens Jmp upgraded LTC Properties from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th.

Insider Buying and Selling at LTC Properties

In other news, Director David L. Gruber purchased 3,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was acquired at an average price of $37.16 per share, for a total transaction of $111,480.00. Following the acquisition, the director now directly owns 21,516 shares of the company’s stock, valued at $799,534.56. This represents a 16.20 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

About LTC Properties

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.