LTC Properties (LTC) to Release Earnings on Monday

LTC Properties (NYSE:LTC) will be posting its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect LTC Properties to post earnings of $0.65 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

LTC Properties Price Performance

Shares of NYSE:LTC opened at $32.57 on Friday. The company has a quick ratio of 13.29, a current ratio of 13.29 and a debt-to-equity ratio of 0.97. LTC Properties has a twelve month low of $30.30 and a twelve month high of $35.72. The stock’s 50 day moving average is $32.00 and its 200-day moving average is $32.10. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 15.08 and a beta of 0.87.

LTC Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 20th will be given a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date of this dividend is Thursday, June 20th. LTC Properties’s payout ratio is 105.56%.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft began coverage on LTC Properties in a research report on Tuesday, January 30th. They set a “hold” rating and a $34.00 target price on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $33.86.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, Director Timothy Triche sold 3,082 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $31.67, for a total value of $97,606.94. Following the completion of the transaction, the director now owns 36,343 shares in the company, valued at approximately $1,150,982.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.00% of the company’s stock.

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.