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

35.32

Mkt cap

1.6B

Volume

206K

High

35.98

P/E Ratio

17.63

52-wk high

39.89

Low

35.24

Div yield

0.06

52-wk low

31.14

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

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

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