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.

Open

35.25

Mkt cap

1.5B

Volume

109K

High

35.25

P/E Ratio

14.65

52-wk high

39.89

Low

34.12

Div yield

0.06

52-wk low

30.30

LTC Properties Inc. has declared a monthly cash dividend of $0.19 per common share for the first quarter of 2025, with specific record and payment dates in January, February, and March.

Portfolio Pulse from

January 02, 2025 | 2:45 pm

Manulife has completed a reinsurance transaction with Reinsurance Group of America (RGA) for two blocks of legacy business, including long-term care (LTC). This move is part of Manulife's strategy to validate its LTC reserves and assumptions.

Portfolio Pulse from

January 02, 2025 | 1:30 pm

LTC Properties, a healthcare REIT, reported a 3% year-over-year increase in funds available for distribution in Q3 2024. The company, which focuses on assisted living and skilled living facilities, is expected to continue its steady growth into 2025.

Portfolio Pulse from

December 19, 2024 | 7:45 pm

LTC Properties, Inc. (NYSE: LTC) Chairman & CEO Wendy Simpson was interviewed by Advisor Access, discussing the company's role as a trusted investor in seniors housing and care for over 30 years.

Portfolio Pulse from

December 03, 2024 | 6:45 pm

Manulife Financial Corporation has announced a $5.4 billion reinsurance transaction with Reinsurance Group of America, which includes $2.4 billion of long-term care reserves. This transaction will release $0.8 billion in capital, which will be returned to shareholders through share buybacks.

Portfolio Pulse from

November 20, 2024 | 9:45 pm

LTC Properties, Inc. (NYSE: LTC), a REIT investing in seniors housing and healthcare properties, will participate in Nareit's REITworld 2024 Annual Conference in Las Vegas on November 19-20. The company's presentation will be available online.

Portfolio Pulse from

November 07, 2024 | 12:00 am

LTC Properties reported Q3 2024 earnings of $0.78 per share, surpassing the $0.70 estimate and marking a 20% increase from last year. Sales reached $55.783M, beating the $52.141M estimate and showing a 13.14% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 8:35 pm

LTC Properties is set to release its quarterly earnings on October 28, 2024, with analysts expecting an EPS of $0.68. The company's past performance shows mixed results, with a recent EPS miss leading to a 6.09% drop in share price. Analysts have given LTC a Neutral rating with a price target suggesting a 7.57% upside. The company's financials show strong profitability and effective cost control, with a high net margin and ROE.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 5:02 pm

Litecoin surged over 7% after Canary Capital filed for a spot ETF tracking its price, marking it as the market's biggest gainer. The filing has increased trading volume by 149%, pushing Litecoin to its highest value in two and a half months.

Portfolio Pulse from Aniket Verma

October 16, 2024 | 4:19 am

Wedbush analyst Richard Anderson has reiterated an Outperform rating for LTC Properties, maintaining a price target of $40.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 12:40 pm

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