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

LTC Properties

30/04/2024 18:06

* LTC Properties Inc  LTC.N  reported quarterly adjusted
earnings
of 56 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 80 cents.  The mean expectation of five analysts for the
quarter was for earnings of 53 cents per share. Wall Street
expected results to range from 46 cents to 58 cents per share.
    * Revenue rose 3.8% to $51.37 million from a year ago;
analysts
expected $50.95 million. 
    * LTC Properties Inc's reported EPS for the quarter was 56
cents​.
    * The company reported quarterly net income of $24.07
million.
    * LTC Properties Inc shares had fallen by 0.1% this
quarter and
gained 1.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 April 30 at
05:05 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
 Mar. 31 2024      0.66           0.69           Beat
 Dec. 31 2023      0.68           0.57           Missed
 Sep. 30 2023      0.64           0.65           Beat
 Jun. 30 2023      0.65           0.66           Beat