LTC Properties, Inc. (LTC)

NYSE: LTC · IEX Real-Time Price · USD
31.91
+0.45 (1.43%)
Mar 4, 2024, 4:00 PM EST - Market closed
1.43%
Market Cap 1.36B
Revenue (ttm) 197.24M
Net Income (ttm) 89.15M
Shares Out 43.11M
EPS (ttm) 2.16
PE Ratio 14.77
Forward PE 17.08
Dividend $2.28 (7.15%)
Ex-Dividend Date Mar 20, 2024
Volume 201,391
Open 31.46
Previous Close 31.46
Day's Range 31.28 - 31.91
52-Week Range 30.30 - 35.72
Beta 0.86
Analysts Hold
Price Target 33.50 (+4.98%)
Earnings Date Apr 25, 2024

About LTC

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. Based on its gross real estate investments, LTC's investment portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties. [Read more]

Sector Real Estate
IPO Date Aug 17, 1992
Employees 23
Stock Exchange NYSE
Ticker Symbol LTC
Full Company Profile

Financial Performance

In 2023, LTC Properties's revenue was $197.24 million, an increase of 12.61% compared to the previous year's $175.15 million. Earnings were $89.15 million, a decrease of -10.35%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for LTC stock is "Hold." The 12-month stock price forecast is $33.5, which is an increase of 4.98% from the latest price.

Price Target
$33.5
(4.98% upside)
Analyst Consensus: Hold
Stock Forecasts

News

LTC Reports 2023 Fourth Quarter Results and Discusses Recent Activities

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that primarily invests in seniors housing and health care propertie...

18 days ago - Business Wire

LTC Announces Date of Fourth Quarter 2023 Earnings Release, Conference Call and Webcast

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), will release fourth quarter earnings on Thursday, February 15, 2024 after market close. LTC will co...

5 weeks ago - Business Wire

LTC Completes Brookdale Portfolio Transaction

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that invests in seniors housing and health care properties, today an...

2 months ago - Business Wire

LTC to Participate in the Stifel 2024 Virtual Seniors Housing & Healthcare Real Estate Conference

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties, Inc. (NYSE: LTC), a real estate investment trust that invests in seniors housing and health care properties, today announced senior managemen...

2 months ago - Business Wire

LTC Declares Its Monthly Common Stock Cash Dividend for the First Quarter of 2024

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”) announced today that it had declared a monthly cash dividend of $0.19 per common share per month for...

2 months ago - Business Wire

KBW Announces Index Rebalancing for Fourth-Quarter 2023

NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...

3 months ago - GlobeNewsWire

LTC to Participate in Nareit's REITWorld: 2023 Annual Conference

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties, Inc. (NYSE: LTC), a real estate investment trust that invests in seniors housing and health care properties, today announced senior managemen...

4 months ago - Business Wire

The 9 Best Monthly Dividend Stocks to Buy Right Now

Your bills come monthly. Why not your dividend checks?

Other symbols: AGNCDXEPRGOODMAINOPSEC
4 months ago - Kiplinger

LTC Reports 2023 Third Quarter Results and Discusses Recent Activities

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that primarily invests in seniors housing and health care propertie...

4 months ago - Business Wire

LTC Announces Date of Third Quarter 2023 Earnings Release, Conference Call and Webcast

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), will release third quarter earnings on Thursday, October 26, 2023 after market close. LTC will cond...

5 months ago - Business Wire

LTC Declares Its Monthly Common Stock Cash Dividend for the Fourth Quarter of 2023

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), announced today that it had declared a monthly cash dividend on its common stock for the fourth qua...

5 months ago - Business Wire

Nursing Home REITs: The Surprise Heroes of High Yield Investing

Yes, it may sound preposterous, but take a look at some equities you probably aren't familiar with: Omega Healthcare Investors NYSE: OHI, Sabra Health Care REIT NASDAQ: SBRA, and LTC Properties NYSE: ...

Other symbols: OHISBRA
5 months ago - MarketBeat

An 8.7%-Yielding Mini-Portfolio The Pros Just Hate

Vanilla investors buy stocks that Wall Street approves of. Why?

Other symbols: ALXBGSCBRLGSBDNSAPSEC
6 months ago - Forbes

LTC Re-Leases 10 Properties from Brookdale Senior Living Portfolio

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that invests in seniors housing and health care properties, today an...

7 months ago - Business Wire

LTC Senior Management to Participate in the NYSE Real Estate Virtual Investor Access Day

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties Inc. (NYSE: LTC), a real estate investment trust that invests in seniors housing and health care properties, today announced that senior manag...

7 months ago - Business Wire

LTC Reports 2023 Second Quarter Results and Discusses Recent Activities

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that primarily invests in seniors housing and health care propertie...

7 months ago - Business Wire

LTC Names David Gruber to Board of Directors

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties Inc. (NYSE: LTC), a real estate investment trust that invests in seniors housing and health care properties, today announced that David Gruber...

7 months ago - Business Wire

LTC Announces Date of Second Quarter 2023 Earnings Release, Conference Call and Webcast

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties, Inc. (NYSE:LTC) will release second quarter earnings on Thursday, July 27, 2023 after market close. LTC will conduct a conference call on Fri...

8 months ago - Business Wire

LTC Declares Its Monthly Common Stock Cash Dividend for the Third Quarter of 2023

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties, Inc. (NYSE:LTC) announced today that it had declared a monthly cash dividend on its common stock for the third quarter of 2023. The Company d...

8 months ago - Business Wire

8 Hated Stocks Yielding Up To 18%

Analyst ratings are a wonderful buy signal. Vanilla investors purchase payers that are widely liked—and wonder why every downgrade dents their pocketbook.

Other symbols: CQPCVIDINOMCUANXRX
9 months ago - Forbes

Do you need investment income? Here are 20 REIT stocks with dividends expected to be well supported through 2025.

Investors have good reason to be concerned about the real-estate market. It has been obvious for decades that the U.S. has too many retail properties, and now, changing work habits promise to put down...

9 months ago - Market Watch

LTC Closes $61.5 Million in New Investments; Transitions Eight-Property Portfolio

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”) a real estate investment trust that primarily invests in seniors housing and health care properties...

9 months ago - Business Wire

LTC to Participate in Nareit's REITWeek 2023 Investor Conference

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties, Inc. (NYSE: LTC), a real estate investment trust that invests in seniors housing and health care properties, today announced senior managemen...

10 months ago - Business Wire

LTC Reports 2023 First Quarter Results and Discusses Recent Activities

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties, Inc. (NYSE: LTC) (“LTC” or the “Company”), a real estate investment trust that primarily invests in seniors housing and health care propertie...

11 months ago - Business Wire

LTC Announces Date of First Quarter 2023 Earnings Release, Conference Call and Webcast

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties, Inc. (NYSE:LTC) will release first quarter earnings on Thursday, April 27, 2023 after market close. LTC will conduct a conference call on Fri...

11 months ago - Business Wire