LTC - LTC Properties Inc Stock Price, Fair Value and News

32.25USD+0.13 (+0.40%)Market Closed

Market Summary

USD32.25+0.13

Market Closed

0.40%

LTC Stock Price

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LTC RSI Chart

LTC Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

15.42

Price/Sales (Trailing)

7.05

Price/Free Cashflow

13.32

LTC Price/Sales (Trailing)

LTC Profitability

Return on Equity

10.23%

Return on Assets

4.86%

Free Cashflow Yield

7.51%

LTC Fundamentals

LTC Revenue

Revenue (TTM)

197.2M

Rev. Growth (Yr)

4.92%

Rev. Growth (Qtr)

1.81%

LTC Earnings

Earnings (TTM)

90.2M

Earnings Growth (Yr)

55.86%

Earnings Growth (Qtr)

25.25%

Breaking Down LTC Revenue

Last 7 days

2.7%

Last 30 days

-1.3%

Last 90 days

2.1%

Trailing 12 Months

-5.9%

How does LTC drawdown profile look like?

LTC Financial Health

LTC Investor Care

Dividend Yield

7.07%

Dividend/Share (TTM)

2.28

Shares Dilution (1Y)

4.21%

Diluted EPS (TTM)

2.16

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	183.9M	189.1M	194.9M	197.2M
2022	155.8M	160.7M	166.8M	175.2M
2021	153.2M	162.9M	162.2M	155.3M
2020	186.3M	168.5M	159.5M	159.3M
2019	172.3M	177.1M	182.4M	185.3M
2018	167.3M	166.3M	166.8M	168.6M
2017	165.6M	168.1M	168.5M	168.1M
2016	143.3M	150.9M	156.8M	161.6M
2015	121.0M	124.2M	129.6M	136.2M
2014	109.1M	113.1M	116.8M	119.0M
2013	95.5M	98.1M	100.5M	105.0M
2012	87.2M	88.7M	90.7M	92.5M
2011	76.4M	79.6M	82.7M	85.2M
2010	70.0M	71.2M	72.5M	73.7M
2009	0	0	0	68.8M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of LTC Properties Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 02, 2024	triche timothy	sold	-97,606	31.67	-3,082	-
Feb 13, 2024	malin clint b	acquired	749,998	30.72	24,414	co-president & cio
Feb 13, 2024	simpson wendy	acquired	1,474,990	30.72	48,014	chairman & ceo
Feb 13, 2024	shelley-kessler pamela	acquired	749,998	30.72	24,414	co-president, cfo & secretary
Feb 13, 2024	chikhale caroline	acquired	340,009	30.72	11,068	evp, cao & treasurer
Feb 12, 2024	malin clint b	sold (taxes)	-82,389	31.22	-2,639	co-president & cio
Feb 12, 2024	shelley-kessler pamela	sold (taxes)	-71,868	31.22	-2,302	co-president, cfo & secretary
Feb 12, 2024	simpson wendy	sold (taxes)	-166,590	31.22	-5,336	chairman & ceo
Feb 12, 2024	chikhale caroline	sold (taxes)	-40,991	31.22	-1,313	evp, cao & treasurer
Feb 09, 2024	shelley-kessler pamela	sold (taxes)	-88,932	31.03	-2,866	co-president, cfo & secretary

Which funds bought or sold LTC recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Gradient Investments LLC	added	1.83	5,687	192,060	-%
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-0.97	1,571	666,455	0.01%
Apr 23, 2024	FIFTH THIRD BANCORP	added	4.86	284	4,909	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-18.65	-88,000	413,000	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	added	15.81	85,440	581,555	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	-217	696,715	-%
Apr 22, 2024	GraniteShares Advisors LLC	added	14.57	232,512	1,689,090	0.89%
Apr 22, 2024	Strategic Financial Concepts, LLC	new	-	625,265	625,265	0.15%
Apr 19, 2024	Sumitomo Mitsui Trust Holdings, Inc.	unchanged	-	18,161	1,513,860	-%
Apr 19, 2024	Maryland State Retirement & Pension System	unchanged	-	-10,686	472,752	0.01%

Are Funds Buying or Selling LTC?

Are funds buying LTC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own LTC

No. of Funds

Unveiling LTC Properties Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	15.95%	6,603,427	SC 13G/A
Jan 29, 2024	state street corp	7.92%	3,280,448	SC 13G/A
Jan 19, 2024	blackrock inc.	18.4%	7,635,904	SC 13G/A
Feb 09, 2023	vanguard group inc	16.26%	6,585,185	SC 13G/A
Feb 08, 2023	state street corp	9.16%	3,708,577	SC 13G/A
Jan 26, 2023	blackrock inc.	18.4%	7,455,406	SC 13G/A
Jan 20, 2023	blackrock inc.	18.4%	7,455,406	SC 13G/A
Feb 11, 2022	state street corp	7.06%	2,778,835	SC 13G/A
Feb 10, 2022	vanguard group inc	16.14%	6,355,398	SC 13G/A
Jan 27, 2022	blackrock inc.	18.8%	7,397,161	SC 13G/A

Recent SEC filings of LTC Properties Inc

View All Filings

Date Filed	Form Type	Document
Apr 23, 2024	S-8 POS	Employee Benefits Plan
Apr 16, 2024	ARS	ARS
Apr 16, 2024	DEF 14A	DEF 14A
Apr 05, 2024	4	Insider Trading
Apr 02, 2024	144	Notice of Insider Sale Intent
Feb 15, 2024	10-K	Annual Report
Feb 15, 2024	4	Insider Trading
Feb 15, 2024	4	Insider Trading
Feb 15, 2024	4	Insider Trading
Feb 15, 2024	4	Insider Trading

Peers (Alternatives to LTC Properties Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	80.8B	11.1B	-9.63%	-14.57%	59.12	7.25	4.04%	-19.43%
CCI	41.4B	7.0B	-7.14%	-23.31%	27.6	5.94	-0.07%	-10.36%
AVB	27.2B	2.8B	3.01%	9.02%	29.27	9.82	6.73%	-18.30%
ARE	19.9B	3.0B	-4.73%	-3.60%	103.23	6.73	10.44%	-74.28%
AMH	12.9B	1.6B	-1.98%	8.50%	29.79	8.01	7.80%	39.39%
REG	11.0B	1.3B	1.26%	0.15%	30.18	8.32	8.04%	-24.50%
BXP	9.9B	3.3B	-0.65%	20.81%	51.93	3.02	5.31%	-77.32%
MID-CAP
FRT	8.6B	1.1B	3.35%	7.17%	36.29	7.6	5.38%	-38.52%
SLG	3.4B	899.4M	-0.98%	126.14%	-5.99	3.76	-0.45%	-623.11%
MAC	3.4B	884.1M	-4.94%	65.24%	-12.32	3.82	2.90%	-314.82%
SMALL-CAP
AAT	1.3B	441.2M	2.71%	21.12%	20.04	2.94	4.38%	15.77%
AIV	1.2B	198.2M	0.88%	3.60%	-7.39	5.71	-43.33%	-270.70%
MFA	1.1B	605.6M	-6.60%	4.26%	13.61	1.8	25.53%	134.62%
NYMT	647.8M	258.7M	3.60%	-29.41%	-13.31	2.5	0.11%	83.70%
IVR	417.7M	277.9M	-9.02%	-18.46%	-26.34	1.5	44.33%	96.06%

LTC Properties Inc News

Latest updates

LTC Properties Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	1.8%	50.00	49.00	48.00	50.00	48.00	44.00	43.00	41.00	39.00	37.00	38.00	40.00	46.00	38.00	28.00	46.00	46.00	47.00	46.00	45.00	44.00
Costs and Expenses	21.1%	39.00	32.00	42.00	32.00	30.00	30.00	27.00	27.00	27.00	29.00	26.00	26.00	29.00	26.00	26.00	27.00	26.00	27.00	26.00	26.00	21.00
S&GA Expenses	-0.3%	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
Interest Expenses	-2.0%	12.00	13.00	11.00	11.00	9.00	8.00	8.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	8.00	8.00	8.00	8.00	8.00	7.00	7.00
Net Income	25.2%	28.00	22.00	7.00	34.00	18.00	13.00	54.00	15.00	13.00	11.00	18.00	14.00	18.00	12.00	2.00	64.00	13.00	27.00	21.00	20.00	31.00
Net Income Margin	11.1%	0.46*	0.41*	0.38*	0.65*	0.57*	0.57*	0.58*	0.36*	0.36*	0.38*	0.38*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-21.4%	25.00	32.00	28.00	18.00	33.00	24.00	30.00	19.00	22.00	21.00	27.00	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-0.7%	1,855	1,868	1,858	1,799	1,656	1,652	1,578	1,536	1,505	1,453	1,416	1,455	1,459	1,477	1,510	1,525	1,514	1,512	1,499	1,496	1,514
Cash Equivalents	79.5%	20.00	11.00	7.00	6.00	10.00	6.00	6.00	4.00	5.00	45.00	6.00	8.00	8.00	23.00	50.00	31.00	4.00	6.00	5.00	9.00	5.00
Liabilities	-6.8%	939	1,007	999	934	806	827	768	793	760	700	654	691	684	698	723	719	729	718	712	708	681
Shareholder's Equity	6.8%	881	825	860	865	828	825	810	743	745	753	762	765	776	779	787	806	785	794	788	788	833
Additional Paid-In Capital	5.8%	992	938	935	933	931	900	893	858	857	855	853	851	853	851	849	848	867	866	864	862	863
Shares Outstanding	3.9%	43.00	41.00	41.00	41.00	41.00	40.00	39.00	39.00	39.00	39.00	39.00	39.00	-	-	-	-	-	-	-	-	-
Minority Interest	0.0%	35.00	35.00	35.00	26.00	22.00	22.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	8.00	1.00	8.00	8.00	8.00	7.00
Float	-	-	-	1,339	-	-	-	1,516	-	-	-	1,480	-	-	-	1,450	-	-	-	1,783	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-21.4%	25,471	32,398	28,495	18,039	32,814	24,328	29,876	18,568	21,603	20,937	27,385	21,259	30,472	29,982	31,793	23,854	32,377	28,420	34,885	26,787	32,097
Share Based Compensation	0.4%	2,132	2,123	2,138	2,088	2,013	2,014	2,012	1,925	1,975	1,975	1,958	1,852	1,781	1,692	1,762	1,777	1,628	1,626	1,623	1,689	1,486
Cashflow From Investing	382.2%	19,342	-6,853	-55,171	-132,230	-9,442	-64,691	-10,343	-35,473	-97,543	-1,994	33,842	-4,091	-8,051	-9,866	10,188	51,660	-21,876	-13,037	-15,659	-28,416	-1,235
Cashflow From Financing	-68.5%	-35,829	-21,269	28,164	109,350	-19,471	40,440	-17,525	16,137	35,642	20,802	-63,714	-16,739	-37,460	-47,675	-22,499	-48,870	-12,325	-14,630	-22,734	5,688	-48,669
Dividend Payments	1.7%	23,997	23,605	23,599	23,563	23,307	23,087	22,635	22,480	22,443	22,443	22,439	23,169	22,368	22,368	22,359	23,167	22,658	22,658	22,652	22,931	22,604
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,012	-	-	-	-	-

LTC Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Rental income	$ 127,350	$ 128,244	$ 121,125
Interest income from financing receivables	15,243	1,762
Interest income from mortgage loans	47,725	40,600	32,811
Interest and other income	6,926	4,547	1,386
Total revenues	197,244	175,153	155,322
Expenses:
Interest expense	47,014	31,437	27,375
Depreciation and amortization	37,416	37,496	38,296
Impairment loss	15,775	3,422	0
Provision for credit losses	5,678	1,528	1,021
Transaction costs	1,144	828	4,433
Property tax expense	13,269	15,486	15,392
General and administrative expenses	24,286	23,706	21,460
Total expenses	144,582	113,903	107,977
Other operating income:
Gain on sale of real estate, net	37,296	37,830	7,462
Operating income	89,958	99,080	54,807
Income from unconsolidated joint ventures	1,504	1,504	1,417
Net income	91,462	100,584	56,224
Income allocated to non-controlling interests	(1,727)	(560)	(363)
Net income attributable to LTC Properties, Inc.	89,735	100,024	55,861
Income allocated to participating securities	(587)	(580)	(458)
Net income available to common stockholders	$ 89,148	$ 99,444	$ 55,403
Earnings per common share:
Basic (in dollars per share)	$ 2.16	$ 2.49	$ 1.41
Diluted (in dollars per share)	$ 2.16	$ 2.48	$ 1.41
Weighted average shares used to calculate earnings per common share:
Basic (in shares)	41,272	39,894	39,156
Diluted (in shares)	41,358	40,067	39,156

LTC Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investments:
Land	$ 121,725	$ 124,665
Buildings and improvements	1,235,600	1,273,025
Accumulated depreciation and amortization	(387,751)	(389,182)
Operating real estate property, net	969,574	1,008,508
Properties held-for-sale, net of accumulated depreciation: 2023-$3,616; 2022-$2,305	18,391	10,710
Real property investments, net	987,965	1,019,218
Financing receivables, net of credit loss reserve: 2023-$1,980; 2022-$768	196,032	75,999
Mortgage loans receivable, net of credit loss reserve: 2023-$4,814; 2022-$3,930	477,266	389,728
Real estate investments, net	1,661,263	1,484,945
Notes receivable, net of credit loss reserve: 2023-$611; 2022-$589	60,490	58,383
Investments in unconsolidated joint ventures	19,340	19,340
Investments, net	1,741,093	1,562,668
Other assets:
Cash and cash equivalents	20,286	10,379
Debt issue costs related to revolving line of credit	1,557	2,321
Interest receivable	53,960	46,000
Straight-line rent receivable	19,626	21,847
Lease incentives	2,607	1,789
Prepaid expenses and other assets	15,969	11,099
Total assets	1,855,098	1,656,103
LIABILITIES
Revolving line of credit	302,250	130,000
Term loans, net of debt issue costs: 2023-$342; 2022-$489	99,658	99,511
Senior unsecured notes, net of debt issue costs: 2023-$1,251; 2022-$1,477	489,409	538,343
Accrued interest	3,865	5,234
Accrued expenses and other liabilities	43,649	32,708
Total liabilities	938,831	805,796
Stockholders' equity:
Common stock: $0.01 par value; 60,000 shares authorized; shares issued and outstanding: 2023-43,022; 2022-41,262	430	412
Capital in excess of par value	991,656	931,124
Cumulative net income	1,634,395	1,544,660
Accumulated other comprehensive income	6,110	8,719
Cumulative distributions	(1,751,312)	(1,656,548)
Total LTC Properties, Inc. stockholders' equity	881,279	828,367
Non-controlling interests	34,988	21,940
Total equity	916,267	850,307
Total liabilities and equity	$ 1,855,098	$ 1,656,103

About LTC Properties Inc

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's investment portfolio includes 213 properties in 29 states with 29 operating partners. Based on its gross real estate investments, LTC's investment portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.

CEO	Ms. Wendy L. Simpson
WEBSITE	LTCreit.com
INDUSTRY	REIT Mortgage
EMPLOYEES	24

LTC Properties Inc Frequently Asked Questions

What is the ticker symbol for LTC Properties Inc? What does LTC stand for in stocks?

LTC is the stock ticker symbol of LTC Properties Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of LTC Properties Inc (LTC)?

As of Tue Apr 23 2024, market cap of LTC Properties Inc is 1.38 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of LTC stock?

You can check LTC's fair value in chart for subscribers.

What is the fair value of LTC stock?

You can check LTC's fair value in chart for subscribers. The fair value of LTC Properties Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of LTC Properties Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for LTC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is LTC Properties Inc a good stock to buy?

The fair value guage provides a quick view whether LTC is over valued or under valued. Whether LTC Properties Inc is cheap or expensive depends on the assumptions which impact LTC Properties Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for LTC.

What is LTC Properties Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, LTC's PE ratio (Price to Earnings) is 15.36 and Price to Sales (PS) ratio is 7.02. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. LTC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on LTC Properties Inc's stock?

In the past 10 years, LTC Properties Inc has provided 0.027 (multiply by 100 for percentage) rate of return.