LTC Properties, Inc. (NYSE:LTC) is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.47 per share.
For the full year, analysts predict revenues of $ 139.79 million, while looking forward to income of $ 2.69 per share.
Previous Quarter Performance
LTC Properties, Inc. announced income for the second quarter of $ 0.76 per share, from the revenue of $ 20.27 million. The quarterly earnings swell 49.02 percent while revenues fell 47.05 percent compared with the same quarter last year.
Street analysts expected LTC Properties, Inc. to report income of $ 0.48 per share on revenue of $ 36.83 million for the second quarter. The bottom line results beat street analysts by $ 0.28 or 58.33 percent, at the same time, top line results fell short of analysts by $ 16.56 million or 44.96 percent.
Stock Performance
Shares of LTC Properties, Inc. traded low $ -1.24 or -3.68 percent on Wednesday, reaching $ 32.44 with volume of 216.10 thousand shares. LTC Properties, Inc. has traded high as $ 33.50 and has cracked $ 32.35 on the downward trend
According to the previous trading day, closing price of $ 32.44, representing a 37.53 % increase from the 52 week low of $ 24.49 and a 36.21 % decrease over the 52 week high of $ 52.80.
The company has a market capital of $ 1.27 billion and is part of the Real Estate sector and REIT – Healthcare Facilities industry.
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 holds more than 200 investments in 28 states with 30 operating partners. The portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.
