Street Reports

Stock in Focus Today: LTC Properties Inc. (LTC)

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The shares of LTC Properties Inc. (NYSE:LTC) currently has mean rating of 2.55 while 1 analysts have recommended the shares as “BUY”, 3 recommended as “OUTPERFORM” and 7 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 33.57M by 6 analysts. The means estimate of sales for the year ending Dec-16 is 134.93M by 7 analysts.

The mean price target for the shares of LTC Properties Inc. (LTC) is at 51.83 while the highest price target suggested by the analysts is 62.00 and low price target is 46.00. The mean price target is calculated keeping in view the consensus of 6 brokerage firms.

The average estimate of EPS for the current fiscal quarter for LTC Properties Inc. (LTC) stands at 0.77 while the EPS for the current year is fixed at 3.09 by 9 analysts.

The next one year’s EPS estimate is set at 3.23 by 10 analysts while a year ago the analysts suggested the company’s EPS at 3.09. The analysts also projected the company’s long-term growth at 4.00% for the upcoming five years.

In its latest quarter ended on 31st March 2016, LTC Properties Inc. (LTC) reported earnings of $0.76. The posted earnings topped the analyst’s consensus by $0.01 with the surprise factor of 1.30%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 14, 2016 LTC Properties Inc. (LTC) announced that it locked rate under a private shelf agreement with an insurance company on $40.0 million of senior unsecured notes with a coupon of 3.99%. The notes will have an average 10-year life, scheduled principal payments and will mature in 2031. LTC anticipates selling the notes on or about July 20, 2016.

LTC is a self-administered real estate investment trust that primarily invests in senior housing and long-term care properties through triple-net lease transactions, mortgage loans and other investments. For more information on LTC Properties, Inc., visit the Company’s website at www.LTCreit.com.

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