KeyCorp Research Analysts Decrease Earnings Estimates for LTC Properties, Inc. (NYSE:LTC)

KeyCorp Research Analysts Decrease Earnings Estimates for LTC Properties, Inc. (NYSE:LTC)

LTC Qualities, Inc. (NYSE:LTC – Get Rating) – Equities research analysts at KeyCorp slash their FY2023 earnings for each share estimates for shares of LTC Qualities in a report unveiled on Wednesday, December 14th. KeyCorp analyst A. Wurschmidt now anticipates that the genuine estate investment decision rely on will make $2.77 for each share for the yr, down from their prior estimate of $2.90. The consensus estimate for LTC Properties’ recent entire-year earnings is $2.57 for every share.

A quantity of other study analysts also lately weighed in on LTC. Royal Lender of Canada dropped their price focus on on LTC Properties from $44.00 to $40.00 and established a “sector conduct” ranking on the stock in a investigate take note on Monday, November 7th. StockNews.com downgraded LTC Properties from a “obtain” score to a “keep” ranking in a investigation be aware on Friday, Oct 7th. Lastly, BMO Money Marketplaces downgraded LTC Qualities from a “market place accomplish” rating to an “underperform” rating in a analysis notice on Friday. Two expense analysts have rated the stock with a promote score, 4 have assigned a keep score and two have issued a buy score to the inventory. According to information from MarketBeat, the corporation now has an typical score of “Keep” and a consensus selling price target of $40.43.

LTC Homes Stock Up .4 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

LTC stock opened at $38.35 on Friday. The stock’s 50 day basic moving typical is $38.49 and its 200 day simple transferring normal is $39.84. LTC Homes has a fifty-two week lower of $32.23 and a fifty-two 7 days higher of $45.49. The organization has a financial debt-to-fairness ratio of .96, a quick ratio of 15.57 and a current ratio of 15.57. The firm has a current market cap of $1.55 billion, a P/E ratio of 16.25 and a beta of .91.

Hedge Cash Weigh In On LTC Homes

Quite a few institutional traders have recently modified their holdings of LTC. Private Trust Co. NA grew its holdings in shares of LTC Qualities by 585.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Non-public Rely on Co. NA now owns 740 shares of the authentic estate financial investment trust’s stock valued at $28,000 soon after getting an added 632 shares in the previous quarter. Meeder Asset Management Inc. bought a new place in shares of LTC Homes in the very first quarter valued at approximately $36,000. SRS Money Advisors Inc. acquired a new situation in shares of LTC Homes in the 3rd quarter valued at roughly $39,000. Quadrant Capital Group LLC grew its holdings in shares of LTC Houses by 282.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Quadrant Cash Team LLC now owns 1,047 shares of the authentic estate financial commitment trust’s inventory valued at $39,000 following obtaining an supplemental 773 shares in the last quarter. Finally, Wipfli Economic Advisors LLC purchased a new position in LTC Attributes during the third quarter valued at $41,000. 73.12{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the inventory is owned by institutional investors.

Insider Action

In other news, CAO Caroline Chikhale sold 5,000 shares of the firm’s inventory in a transaction that happened on Wednesday, December 7th. The stock was marketed at an common rate of $39.46, for a complete value of $197,300.00. Next the completion of the transaction, the chief accounting officer now directly owns 39,338 shares of the firm’s stock, valued at $1,552,277.48. The transaction was disclosed in a submitting with the SEC, which is obtainable through this hyperlink. 2.20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the inventory is at present owned by corporate insiders.

LTC Houses Announces Dividend

The company also just lately declared a month-to-month dividend, which will be compensated on Friday, December 30th. Stockholders of report on Thursday, December 22nd will be issued a $.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.95{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend day of this dividend is Wednesday, December 21st. LTC Properties’s dividend payout ratio is presently 96.61{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

LTC Properties Business Profile

(Get Score)

LTC is a authentic estate investment decision rely on (REIT) investing in seniors housing and health treatment qualities primarily by way of sale-leasebacks, home loan funding, joint-ventures and structured finance methods such as desired fairness and mezzanine lending. LTC holds 181 investments in 27 states with 29 operating associates.

See Also

Earnings History and Estimates for LTC Properties (NYSE:LTC)

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