Streetbeat News

LTC

LTC Properties, Inc.

https://www.LTCreit.com

Industry

REIT - Healthcare Facilities

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 holds 181 investments in 27 states with 29 operating partners. The portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.

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Litecoin (LTC) has seen a 36% decline from its April peak, but Santiment suggests a potential bullish turnaround as small traders exit. Despite its advantages, Litecoin's market value hasn't significantly improved, contrasting with Bitcoin's 48% surge.

Portfolio Pulse from Aniket Verma

August 27, 2024 | 9:36 am

Insiders have recently purchased shares in Aehr Test Systems, LTC Properties, and AMREP Corporation, indicating confidence in these companies' prospects. Notable purchases include 20,000 shares of AEHR by Director Howard T Slayen, 6,000 shares of LTC by Director David L Gruber, and 10,000 shares of AXR by 10% owner Rainey E. Lancaster.

Portfolio Pulse from Avi Kapoor

August 05, 2024 | 1:03 pm

LTC Properties reported Q2 2024 earnings per share of $0.65, missing the analyst estimate of $0.66. However, the company beat sales estimates with $50.116 million, a 3.88% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:33 pm

U.S. residential home prices surged in February 2024, marking the strongest one-month increase in two years, despite high mortgage costs. The Federal Housing Finance Agency reported a 1.2% month-over-month growth, with a 7% increase from the previous year. The S&P Global 20-city home price index also showed a 7.3% year-on-year increase. Real estate stocks reacted variably, with the Vanguard Real Estate ETF (VNQ) dropping slightly, while companies like NexPoint Residential Trust (NXRT) and Redfin Corporation (RDFN) saw gains. Conversely, SBA Communications Corporation (SBAC) and The Macerich Company (MAC) experienced losses.

Portfolio Pulse from Piero Cingari

April 30, 2024 | 4:36 pm

LTC Properties reported Q1 2024 FFO of $0.69 per share, surpassing the $0.66 estimate, marking a 4.55% year-over-year increase. However, their sales of $33.549M fell short of the $50.951M estimate, a 34.15% miss, though it's a 5.72% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:36 pm

CONF3RENCE 2024 and BLOCKCHANCE have partnered to create a premier Web3 event in Europe's Ruhr area, aiming to bridge the traditional economy with Web3 and AI sectors. Scheduled for May 15-16 at Signal Iduna Park, the event will feature over 150 speakers, including representatives from the European Central Bank, NVIDIA, Animoca Brands, IBM, and Litecoin, among others. The conference will host panel discussions, workshops, and offer networking opportunities, with a focus on blockchain and AI technologies.

Portfolio Pulse from Jose Rodrigo Safdiye

April 03, 2024 | 2:25 pm

RBC Capital analyst Michael Carroll has reiterated a 'Sector Perform' rating on LTC Properties (NYSE:LTC) and maintained a price target of $32.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 2:52 pm

LTC Properties reported a decrease in Q4 FFO to $0.57 per share from $0.72 YoY, but sales increased to $50.20M, beating the $49.69M estimate.

Portfolio Pulse from totan@benzinga.com

February 15, 2024 | 9:20 pm

Numerous companies are scheduled to report their earnings on February 15, 2024, covering a wide range of industries from technology to energy, and including both earnings and losses. Key companies reporting include Cognex, Cenovus Energy, Wendy's, Agios Pharmaceuticals, Appian, and many others, with expectations of both profits and losses.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 10:17 am

Deutsche Bank analyst Omotayo Okusanya has initiated coverage on LTC Properties (NYSE:LTC) with a Hold rating and set a price target of $34.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 12:17 pm

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