LTC Properties Inc reports results for the quarter ended in June - Earnings Summary

LTC Properties

29/07/2024 23:03

* LTC Properties Inc  LTC.N  reported quarterly adjusted
earnings
of 44 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 15 cents.  The mean expectation of six analysts for the
quarter was for earnings of 45 cents per share. Wall Street
expected results to range from 42 cents to 49 cents per share.
    * Revenue rose 3.9% to $50.12 million from a year ago;
analysts
expected $49.28 million. 
    * LTC Properties Inc's reported EPS for the quarter was 44
cents​.
    * The company reported quarterly net income of $19.19
million.
    * LTC Properties Inc shares had risen by 10.6% this
quarter and
gained 18.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for LTC Properties
Inc is $34.00 
This summary was machine generated from LSEG data July 29 at
10:03 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       0.66           0.65           Missed
 Mar. 31 2024      0.66           0.69           Beat
 Dec. 31 2023      0.68           0.57           Missed
 Sep. 30 2023      0.64           0.65           Beat