LTC Properties (NYSE:LTC) Issues Quarterly Earnings Results

LTC Properties (NYSE:LTC) posted its quarterly earnings results on Monday. The real estate investment trust reported $0.72 earnings per share for the quarter, beating 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 price-to-earnings ratio of 14.95 and a beta of 0.93. LTC Properties has a twelve month low of $31.14 and a twelve month high of $39.89. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75. The stock has a 50-day moving average of $34.48 and a 200 day moving average of $36.12.

LTC Properties Announces Dividend

The business also recently disclosed a jan 25 dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 21st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a dividend yield of 6.45%. LTC Properties’s dividend payout ratio (DPR) is presently 97.85%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. JMP Securities upgraded LTC Properties from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Tuesday, January 7th. Citizens Jmp raised LTC Properties from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th.

Insider Buying and Selling

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