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

38.00

Mkt cap

1.7B

Volume

154K

High

38.61

P/E Ratio

16.55

52-wk high

39.89

Low

37.91

Div yield

0.06

52-wk low

30.30

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

LTC Properties reported Q3 2023 earnings of $0.65 per share, beating the analyst consensus estimate of $0.64 by 1.56%. The company also reported quarterly sales of $49.30 million, surpassing the analyst consensus estimate of $47.98 million by 2.76%. Both earnings and sales have increased compared to the same period last year.

Portfolio Pulse from totan@benzinga.com

October 26, 2023 | 8:46 pm

Wedbush analyst Richard Anderson has initiated coverage on LTC Properties with an Outperform rating and a price target of $36.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 11:55 am

Berenberg analyst Connor Siversky has initiated coverage on LTC Properties with a Buy rating and a price target of $36.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 11:24 am

Jefferies analyst Joe Dickstein has initiated coverage on LTC Properties with a Hold rating and a price target of $29.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 9:26 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.