Currently, there are 43.02M common shares owned by the public and among those 40.56M shares have been available to trade.
Insiders at the company have transacted a total of 13 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 7 of these insider trades were purchases, accounting for 21,560 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 30,668 shares.
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However, the script later moved the day high at 31.66, up 0.13%. The company’s stock has a 5-day price change of 1.55% and -4.05% over the past three months. LTC shares are trading -1.90% year to date (YTD), with the 12-month market performance down to -14.54% lower. It has a 12-month low price of $30.30 and touched a high of $38.10 over the same period. LTC has an average intraday trading volume of 279.92K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.61%, -1.95%, and -3.30% respectively.
Institutional ownership of LTC Properties, Inc. (NYSE: LTC) shares accounts for 74.82% of the company’s 43.02M shares outstanding.
It has a market capitalization of $1.30B and a beta (3y monthly) value of 0.87. The stock’s trailing 12-month PE ratio is 14.67, while the earnings-per-share (ttm) stands at $2.15. The company has a debt-to-equity ratio at 1.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.75% over the week and 1.59% over the month.
Analysts forecast that LTC Properties, Inc. (LTC) will achieve an EPS of $0.45 for the current quarter, $0.46 for the next quarter and $1.87 for 2025. The lowest estimate earnings-per-share for the quarter is $0.42 while analysts give the company a high EPS estimate of $0.49. Comparatively, EPS for the current quarter was $0.8 a year ago. Earnings per share for the fiscal year are expected to decrease by -12.37%, and -3.79% over the next financial year. EPS should grow at an annualized rate of -8.14% over the next five years, compared to -11.14% over the past 5-year period.
Looking at the support for the LTC, a number of firms have released research notes about the stock. Deutsche Bank stated their Hold rating for the stock in a research note on January 30, 2024, with the firm’s price target at $34.
