Is it time to Buy before this week’s earning report LTC Properties (NYSE:LTC)

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Earnings results for LTC Properties (NYSE:LTC)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.71 and remained the same over the past month at 0.71. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 2.94 and increased over the past month from 2.89 to 2.94(1.73%). Of the 1 analysts making yearly forecasts, 1raised and none lowered their forecast.

LTC Properties last announced its quarterly earnings data on May 4th, 2020. The real estate investment trust reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.21. The company earned $38.04 million during the quarter, compared to the consensus estimate of $37.15 million. LTC Properties has generated $3.08 earnings per share over the last year and currently has a price-to-earnings ratio of 12.6. LTC Properties has confirmed that its next quarterly earnings report will be published on Friday, July 31st, 2020.

Analyst Opinion on LTC Properties (NYSE:LTC)

7 Wall Street analysts have issued ratings and price targets for LTC Properties in the last 12 months. Their average twelve-month price target is $38.00, suggesting that the stock has a possible downside of 2.49%. The high price target for LTC is $55.00 and the low price target for LTC is $30.00. There are currently 3 sell ratings, 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

LTC Properties has received a consensus rating of Hold. The company’s average rating score is 1.86, and is based on 2 buy ratings, 2 hold ratings, and 3 sell ratings. According to analysts’ consensus price target of $38.00, LTC Properties has a potential downside of 2.5% from its current price of $38.97. LTC Properties has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: LTC Properties (NYSE:LTC)

LTC Properties is a leading dividend payer. It pays a dividend yield of 5.96%, putting its dividend yield in the top 25% of dividend-paying stocks. LTC Properties does not have a long track record of dividend growth. The dividend payout ratio of LTC Properties is 74.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, LTC Properties will have a dividend payout ratio of 75.25% in the coming year. This indicates that LTC Properties may not be able to sustain their current dividend.

Insiders buying/selling: LTC Properties (NYSE:LTC)

In the past three months, LTC Properties insiders have not sold or bought any company stock. Only 1.80% of the stock of LTC Properties is held by insiders. 75.53% of the stock of LTC Properties is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of LTC Properties (NYSE:LTC

Earnings for LTC Properties are expected to grow by 3.06% in the coming year, from $2.94 to $3.03 per share. The P/E ratio of LTC Properties is 12.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.93. The P/E ratio of LTC Properties is 12.57, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.93. LTC Properties has a P/B Ratio of 1.97. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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