Wedbush Brokers Reduce Earnings Estimates for LTC Properties

LTC Properties, Inc. (NYSE:LTC) – Stock analysts at Wedbush reduced their FY2025 earnings per share estimates for shares of LTC Properties in a report issued on Wednesday, May 7th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings of $2.67 per share for the year, down from their previous estimate of $2.71. The consensus estimate for LTC Properties’ current full-year earnings is $2.79 per share. Wedbush also issued estimates for LTC Properties’ FY2026 earnings at $2.70 EPS.

LTC Properties (NYSE:LTC) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). LTC Properties had a net margin of 48.77% and a return on equity of 10.49%. The business had revenue of $49.03 million during the quarter, compared to analyst estimates of $44.43 million. During the same period in the previous year, the firm earned $0.69 earnings per share. The business’s revenue was down 4.5% compared to the same quarter last year.

Separately, Wells Fargo & Company reduced their target price on shares of LTC Properties from $38.00 to $36.00 and set an “equal weight” rating for the company in a research note on Monday, March 10th.

LTC Properties Trading Up 0.3 %

Shares of LTC stock opened at $35.93 on Thursday. LTC Properties has a twelve month low of $31.70 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 business’s 50 day moving average is $35.19 and its two-hundred day moving average is $35.68. The company has a market capitalization of $1.65 billion, a P/E ratio of 15.42 and a beta of 0.68.

Institutional Trading of LTC Properties

A number of institutional investors have recently added to or reduced their stakes in the stock. GF Fund Management CO. LTD. purchased a new stake in shares of LTC Properties during the 4th quarter worth approximately $27,000. KBC Group NV purchased a new position in shares of LTC Properties in the first quarter valued at $33,000. Rossby Financial LCC acquired a new position in shares of LTC Properties during the 1st quarter worth $58,000. Elite Financial Inc. acquired a new position in LTC Properties during the first quarter worth about $69,000. Finally, AlphaQuest LLC lifted its holdings in shares of LTC Properties by 23,470.0% in the fourth quarter. AlphaQuest LLC now owns 2,357 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 2,347 shares in the last quarter. Hedge funds and other institutional investors own 69.25% of the company’s stock.

LTC Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 20th will be issued a $0.19 dividend. The ex-dividend date is Friday, June 20th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.35%. LTC Properties’s dividend payout ratio is presently 117.53%.

LTC Properties Company Profile

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.