Equities analysts forecast that LTC Properties Inc (NYSE:LTC) will report $32.13 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for LTC Properties’ earnings. The highest sales estimate is $33.81 million and the lowest is $29.96 million. LTC Properties reported sales of $33.93 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.3%. The business is scheduled to issue its next quarterly earnings report on Wednesday, August 14th.
On average, analysts expect that LTC Properties will report full year sales of $127.67 million for the current year, with estimates ranging from $116.96 million to $136.26 million. For the next year, analysts forecast that the firm will report sales of $130.48 million, with estimates ranging from $117.70 million to $139.26 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover LTC Properties.
LTC Properties (NYSE:LTC) last issued its earnings results on Thursday, May 9th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.23). LTC Properties had a net margin of 95.25% and a return on equity of 19.07%. The company had revenue of $28.02 million for the quarter, compared to analysts’ expectations of $33.02 million.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. We Are One Seven LLC acquired a new position in shares of LTC Properties in the fourth quarter valued at approximately $27,000. Quantamental Technologies LLC acquired a new position in LTC Properties during the fourth quarter worth $28,000. Macroview Investment Management LLC purchased a new stake in LTC Properties during the fourth quarter worth $33,000. Massey Quick Simon & CO. LLC purchased a new stake in LTC Properties during the first quarter worth $34,000. Finally, Quadrant Capital Group LLC boosted its position in LTC Properties by 833.9% during the first quarter. Quadrant Capital Group LLC now owns 1,130 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,009 shares in the last quarter. 76.39% of the stock is currently owned by institutional investors.
Shares of LTC stock traded up $0.10 during mid-day trading on Monday, hitting $45.89. 5,346 shares of the stock traded hands, compared to its average volume of 195,837. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 3.77 and a beta of 0.47. LTC Properties has a 52-week low of $38.62 and a 52-week high of $48.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 10.41 and a current ratio of 10.41.
The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be paid a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend is Wednesday, June 19th. LTC Properties’s payout ratio is 74.51%.
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 holds more than 200 investments in 28 states with 30 operating partners.
Further Reading: Debt-To-Equity Ratio
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