LTC Properties, Inc. (LTC)
Market Cap | 1.37B |
Revenue (ttm) | 197.24M |
Net Income (ttm) | 89.15M |
Shares Out | 43.11M |
EPS (ttm) | 2.16 |
PE Ratio | 14.69 |
Forward PE | 16.55 |
Dividend | $2.28 (7.19%) |
Ex-Dividend Date | Jun 20, 2024 |
Volume | 118,849 |
Open | 31.24 |
Previous Close | 31.49 |
Day's Range | 31.24 - 31.89 |
52-Week Range | 30.30 - 35.72 |
Beta | 0.87 |
Analysts | Hold |
Price Target | 33.50 (+5.61%) |
Earnings Date | Apr 29, 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]
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 StatementsAnalyst 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 5.61% from the latest price.
News
Sirion Celebrates a Year of Significant Growth With a New Brand Identity, Reinforcing Its Commitment to Revolutionizing Contract Management with AI
SALT LAKE CITY--(BUSINESS WIRE)--Sirion, the AI-native, unified contract lifecycle management (CLM) platform, today announced a comprehensive rebrand that reflects its sustained growth and renewed com...
LTC Announces Date of First Quarter 2024 Earnings Release, Conference Call and Webcast
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties Inc. (NYSE: LTC) (“LTC” or the “Company”), will release first quarter earnings on Monday, April 29, 2024 after market close. LTC will conduct ...
LTC Originates $12.7 Million Loan for Purchase of Skilled Nursing/Assisted Living Campus
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...
LTC Declares Its Monthly Common Stock Cash Dividend for the Second 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...
LTC to Participate in the Deutsche Bank Inaugural Healthcare REIT Summit
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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