LTC Properties (LTC) to Release Earnings on Monday

LTC Properties (NYSE:LTC) will likely be issuing its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.65 per share and revenue of $45.25 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

LTC Properties Trading Down 0.3 %

Shares of LTC Properties stock opened at $34.45 on Monday. The company’s fifty day simple moving average is $34.78 and its 200-day simple moving average is $36.17. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 14.79 and a beta of 0.93. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75. LTC Properties has a 1 year low of $30.59 and a 1 year high of $39.89.

LTC Properties Dividend Announcement

The business also recently disclosed a jan 25 dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 20th will be paid a $0.19 dividend. The ex-dividend date is Thursday, February 20th. This represents a dividend yield of 6.45%. LTC Properties’s payout ratio is 97.85%.

Wall Street Analyst Weigh In

LTC has been the topic of a number of recent research reports. JMP Securities upgraded shares of 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 upgraded shares of LTC Properties from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th.

Insiders Place Their Bets

In related news, Director David L. Gruber acquired 3,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was bought at an average cost of $37.16 per share, with a total value of $111,480.00. Following the completion of the acquisition, the director now owns 21,516 shares in the company, valued at $799,534.56. The trade was a 16.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

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.