LTC Properties (LSE:0JSP) - Stock Price, News & Analysis

0JSP Stock Overview

0JSP fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	0/6
Financial Health	1/6
Dividends	6/6

Rewards

Trading at 45.1% below our estimate of its fair value

Revenue is forecast to grow 4.76% per year

Pays a high and reliable dividend of 7.21%

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 3.3% per year for the next 3 years

Large one-off items impacting financial results

Shareholders have been diluted in the past year

LTC Properties, Inc. Competitors

Primary Health Properties

LSE:PHP

UK£1.2b

Target Healthcare REIT

LSE:THRL

UK£492.5m

Impact Healthcare REIT

LSE:IHR

UK£348.9m

Safestore Holdings

LSE:SAFE

UK£1.7b

Price History & Performance

Summary of all time highs, changes and price drops for LTC Properties
Historical stock prices
Current Share Price	US$31.69
52 Week High	US$35.63
52 Week Low	US$30.25
Beta	0.87
1 Month Change	-0.78%
3 Month Change	-3.62%
1 Year Change	-7.74%
3 Year Change	-26.78%
5 Year Change	-30.11%
Change since IPO	-22.67%

Recent updates

Shareholder Returns

	0JSP	GB Health Care REITs	GB Market
7D	-0.6%	0.9%	1.2%
1Y	-7.7%	-15.3%	-0.3%

Return vs Industry: 0JSP exceeded the UK Health Care REITs industry which returned -15.3% over the past year.

Return vs Market: 0JSP underperformed the UK Market which returned -0.3% over the past year.

Price Volatility

Is 0JSP's price volatile compared to industry and market?
0JSP volatility
0JSP Average Weekly Movement	2.4%
Health Care REITs Industry Average Movement	2.9%
Market Average Movement	4.9%
10% most volatile stocks in GB Market	11.4%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: 0JSP has not had significant price volatility in the past 3 months.

Volatility Over Time: 0JSP's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1992	23	Wendy Simpson	www.LTCreit.com

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 201 properties in 26 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.

LTC Properties, Inc. Fundamentals Summary

How do LTC Properties's earnings and revenue compare to its market cap?
0JSP fundamental statistics
Market cap	US$1.36b
Earnings (TTM)	US$89.15m
Revenue (TTM)	US$191.82m

15.3x

P/E Ratio

7.1x

P/S Ratio

Is 0JSP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0JSP income statement (TTM)
Revenue	US$191.82m
Cost of Revenue	US$14.41m
Gross Profit	US$177.41m
Other Expenses	US$88.26m
Earnings	US$89.15m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Apr 29, 2024

Earnings per share (EPS)	2.07
Gross Margin	92.49%
Net Profit Margin	46.47%
Debt/Equity Ratio	97.3%

How did 0JSP perform over the long term?

See historical performance and comparison

Dividends

7.2%

Current Dividend Yield

90%

Payout Ratio

Does 0JSP pay a reliable dividends?

See 0JSP dividend history and benchmarks

When do you need to buy 0JSP by to receive an upcoming dividend?
LTC Properties dividend dates
Ex Dividend Date	Apr 19 2024
Dividend Pay Date	Apr 30 2024
Days until Ex dividend	5 days
Days until Dividend pay date	16 days

Does 0JSP pay a reliable dividends?

See 0JSP dividend history and benchmarks

0JSP Stock Overview

Rewards

Risk Analysis

LTC Properties, Inc. Competitors

LSE:PHP

UK£1.2b

LSE:THRL

UK£492.5m

LSE:IHR

UK£348.9m

LSE:SAFE

UK£1.7b

Price History & Performance

Recent News & Updates

LTC Properties, Inc. to Report Q1, 2024 Results on Apr 29, 2024

Dividend of US$0.19 announced

LTC Properties, Inc. acquired Skilled Nursing And Assisted Living Campus in Katy, Texas.

LTC Properties, Inc. Declares Monthly Cash Dividend for the Second Quarter of 2024, Payable on April 30, 2024, May 31, 2024 and June 28, 2024, Respectively

Upcoming dividend of US$0.19 per share

Dividend of US$0.19 announced

Recent updates

LTC Properties, Inc. to Report Q1, 2024 Results on Apr 29, 2024

Dividend of US$0.19 announced

LTC Properties, Inc. acquired Skilled Nursing And Assisted Living Campus in Katy, Texas.

LTC Properties, Inc. Declares Monthly Cash Dividend for the Second Quarter of 2024, Payable on April 30, 2024, May 31, 2024 and June 28, 2024, Respectively

Upcoming dividend of US$0.19 per share

Dividend of US$0.19 announced

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: US$2.19 (vs US$2.49 in FY 2022)

Upcoming dividend of US$0.19 per share at 7.3% yield

LTC Properties, Inc. to Report Q4, 2023 Results on Feb 15, 2024

Upcoming dividend of US$0.19 per share at 6.9% yield

LTC Properties, Inc. Declares Monthly Common Stock Cash Dividend for the First Quarter of 2024, Payable on January 31, 2024, February 29, 2024 and March 29, 2024 Respectively

Lead Independent Director recently sold US$245k worth of stock

New major risk - Revenue and earnings growth

Upcoming dividend of US$0.19 per share at 6.9% yield

CFO, Co-President & Corporate Secretary recently sold US$504k worth of stock

Upcoming dividend of US$0.19 per share at 7.1% yield

Third quarter 2023 earnings released: EPS: US$0.54 (vs US$0.33 in 3Q 2022)

Upcoming dividend of US$0.19 per share at 7.0% yield

LTC Properties, Inc. to Report Q3, 2023 Results on Oct 26, 2023

LTC Properties, Inc. Declares Monthly Common Stock Cash Dividend for the Fourth Quarter of 2023, Payable on October 31, November 30 and December 29, 2023, Respectively

Upcoming dividend of US$0.19 per share at 7.1% yield

Upcoming dividend of US$0.19 per share at 6.9% yield

New minor risk - Profit margin trend

LTC Properties, Inc. Names David Gruber to Board of Directors, Esg Committee, Compensation Committee and Investment Committee

Second quarter 2023 earnings released: EPS: US$0.15 (vs US$1.37 in 2Q 2022)

LTC Properties, Inc. Names David Gruber to Board of Directors

Upcoming dividend of US$0.19 per share at 6.7% yield

LTC Properties, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Independent Director recently sold US$198k worth of stock

Upcoming dividend of US$0.19 per share at 6.8% yield

Upcoming dividend of US$0.19 per share at 6.8% yield

First quarter 2023 earnings released: FFO per share: US$0.7 (vs US$0.60 in 1Q 2022)

Upcoming dividend of US$0.19 per share at 6.5% yield

Upcoming dividend of US$0.19 per share at 6.6% yield

Full year 2022 earnings released: EPS: US$2.49 (vs US$1.42 in FY 2021)

Upcoming dividend of US$0.19 per share at 6.1% yield

LTC Properties, Inc. to Report Q4, 2022 Results on Feb 16, 2023

Upcoming dividend of US$0.19 per share

Ltc Properties, Inc. Declares Monthly Cash Dividend for the Months of January, February and March 2023, Payable on January 31, February 28 and March 31, 2023 Respectively

Upcoming dividend of US$0.19 per share

Executive VP recently sold US$395k worth of stock

Upcoming dividend of US$0.19 per share

Third quarter 2022 earnings released: EPS: US$0.33 (vs US$0.28 in 3Q 2021)

LTC Properties, Inc. Announces Unaudited Impairment Charges for the Quarter Ended September 30, 2022

Upcoming dividend of US$0.19 per share

LTC Properties, Inc. to Report Q3, 2022 Results on Oct 27, 2022

LTC Properties, Inc. Declares Monthly Cash Dividend on Its Common Stock for the Fourth Quarter of 2022 for the Months of October, November and December 2022, payable on October 31, November 30 and December 30, 2022, Respectively

Upcoming dividend of US$0.19 per share

PruittHealth Corporation, Inc. and LTC Properties, Inc. (NYSE:LTC) acquired three skilled nursing centers in northern Florida.

Upcoming dividend of US$0.19 per share

Second quarter 2022 earnings released: FFO: US$42.1m per share (vs US$0.57 in 2Q 2021)

Upcoming dividend of US$0.19 per share

LTC Properties, Inc. to Report Q2, 2022 Results on Jul 28, 2022

LTC Properties, Inc. Declares Monthly Cash Dividend on Its Common Stock for the Third Quarter of 2022 for the Months of July, August and September 2022, Payable on July 29, August 31 and September 30, 2022, Respectively

Upcoming dividend of US$0.19 per share

Upcoming dividend of US$0.19 per share

First quarter 2022 earnings released: FFO: US$40.8m per share (vs US$0.62 in 1Q 2021)

LTC Properties, Inc., Annual General Meeting, May 25, 2022