LTC Properties (LTC) Scheduled to Post Quarterly Earnings on Monday

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

LTC Properties Price Performance

Shares of NYSE:LTC opened at $31.80 on Monday. The company has a current ratio of 13.29, a quick ratio of 13.29 and a debt-to-equity ratio of 0.97. LTC Properties has a 1 year low of $30.30 and a 1 year high of $35.72. The business has a fifty day simple moving average of $31.91 and a 200 day simple moving average of $32.10. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 14.72 and a beta of 0.87.

LTC Properties Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Thursday, June 20th. This represents a $2.28 annualized dividend and a dividend yield of 7.17%. LTC Properties’s dividend payout ratio is 105.56%.

Insiders Place Their Bets

In other 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 value of $97,606.94. Following the sale, the director now directly owns 36,343 shares of the company’s stock, valued at $1,150,982.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On LTC Properties

Several hedge funds and other institutional investors have recently made changes to their positions in LTC. State Street Corp grew its position in shares of LTC Properties by 27.2% in the first quarter. State Street Corp now owns 3,533,890 shares of the real estate investment trust’s stock valued at $135,949,000 after purchasing an additional 755,055 shares during the last quarter. Norges Bank acquired a new stake in LTC Properties during the fourth quarter worth about $14,137,000. Wellington Management Group LLP acquired a new stake in LTC Properties during the first quarter worth about $10,505,000. Weiss Multi Strategy Advisers LLC acquired a new stake in LTC Properties during the first quarter worth about $9,948,000. Finally, Envestnet Asset Management Inc. grew its position in LTC Properties by 1,438.1% during the first quarter. Envestnet Asset Management Inc. now owns 219,251 shares of the real estate investment trust’s stock worth $447,000 after buying an additional 204,996 shares in the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft started coverage on LTC Properties in a report on Tuesday, January 30th. They set a “hold” rating and a $34.00 price objective for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, LTC Properties presently has a consensus rating of “Hold” and an average target price 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.