LTC Chart
About

LTC Properties, Inc. is a real estate investment trust (REIT) focused on seniors housing and health care properties, principally investing through SHOP, as well as triple-net leases, and joint ventures. The Company's portfolio includes nearly 190 properties throughout the United States. Based on gross real estate investments, approximately 64% of the Company's assets are seniors housing communities with the remainder skilled nursing centers.

Fundamentals
Scroll to Statements
Sector Real Estate Industry REIT - Healthcare Facili Market Cap 1.90B
Enterprise Value 2.89B Income 33.22M Sales 226.99M
Book/sh 20.24 Cash/sh 0.38 Dividend Yield 5.79%
Payout 3.17% Employees 23 IPO —
P/E 55.30 Forward P/E 21.64 PEG —
P/S 8.35 P/B 1.97 P/C —
EV/EBITDA 19.33 EV/Sales 12.74 Quick Ratio 18.77
Current Ratio 21.93 Debt/Eq 90.62 LT Debt/Eq —
EPS (ttm) 0.72 EPS next Y 1.84 EPS Growth —
Revenue Growth 33.10% Earnings 2026-02-24 ROA 3.62%
ROE 3.82% ROIC — Gross Margin 80.20%
Oper. Margin 45.76% Profit Margin 14.92% Shs Outstand 47.61M
Shs Float 46.62M Short Float 7.31% Short Ratio 5.42
Short Interest — 52W High 40.05 52W Low 31.70
Beta 0.61 Avg Volume 418.21K Volume 187.11K
Target Price $38.14 Recom Hold Prev Close $39.39
Price $39.81 Change 1.08%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$38.14
Mean price target
2. Current target
$39.90
Latest analyst target
3. DCF / Fair value
$34.48
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$39.90
Low
$36.00
High
$43.00
Mean
$38.14

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-25 main Wells Fargo Equal-Weight → Equal-Weight $37
2025-11-10 main RBC Capital Sector Perform → Sector Perform $38
2025-10-21 main Wells Fargo Equal-Weight → Equal-Weight $36
2025-10-17 reit JMP Securities Market Outperform → Market Outperform $43
2025-10-01 init Cantor Fitzgerald — → Neutral $38
2025-09-24 up BMO Capital Underperform → Market Perform $39
2025-08-27 main Wells Fargo Equal-Weight → Equal-Weight $37
2025-08-08 main RBC Capital Sector Perform → Sector Perform $37
2025-08-06 main JMP Securities Market Outperform → Market Outperform $43
2025-05-19 reit RBC Capital Sector Perform → Sector Perform $36
2025-03-10 main Wells Fargo Equal-Weight → Equal-Weight $36
2025-02-26 reit Citizens Capital Markets Market Outperform → Market Outperform $40
2025-01-07 up JMP Securities Market Perform → Market Outperform $40
2024-09-20 reit Wedbush Outperform → Outperform $40
2024-03-11 reit RBC Capital Sector Perform → Sector Perform $32
2024-01-30 init Deutsche Bank — → Hold $34
2023-10-03 init Wedbush — → Outperform $36
2023-09-28 init Berenberg — → Buy $36
2023-09-20 init Jefferies — → Hold $29
2023-08-17 reit RBC Capital Sector Perform → Sector Perform $32
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 10000 344400 — Purchase at price 34.30 - 34.58 per share. BOITANO DAVID M Chief Investment Officer — 2025-12-31 00:00:00 D
1 5000 177560 — Purchase at price 35.35 - 35.94 per share. GRUBER DAVID L Director — 2025-11-07 00:00:00 D
2 10000 346260 — Purchase at price 34.50 - 34.80 per share. BOITANO DAVID M Officer — 2025-06-27 00:00:00 D
3 3125 110000 — Stock Award(Grant) at price 35.20 per share. TRICHE TIMOTHY J Director — 2025-05-28 00:00:00 D
4 3125 110000 — Stock Award(Grant) at price 35.20 per share. HAWKEN JEFFREY C Director — 2025-05-28 00:00:00 D
5 3125 110000 — Stock Award(Grant) at price 35.20 per share. CHENG CORNELIA Director — 2025-05-28 00:00:00 D
6 3125 110000 — Stock Award(Grant) at price 35.20 per share. GRUBER DAVID L Director — 2025-05-28 00:00:00 D
7 3125 110000 — Stock Award(Grant) at price 35.20 per share. PREBER BRADLEY J Director — 2025-05-28 00:00:00 D
8 5626 200004 — Stock Award(Grant) at price 35.55 per share. BOITANO DAVID M Officer — 2025-04-21 00:00:00 D
9 58812 2051951 — Stock Award(Grant) at price 34.89 per share. SIMPSON WENDY L Officer and Director — 2025-03-06 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems43.47K4.28M7.05M817.83K
TaxRateForCalcs0.210.210.210.27
NormalizedEBITDA171.38M155.51M135.94M118.87M
TotalUnusualItems207.00K20.38M33.58M3.03M
TotalUnusualItemsExcludingGoodwill207.00K20.38M33.58M3.03M
NetIncomeFromContinuingOperationNetMinorityInterest91.04M89.73M100.02M55.86M
ReconciledDepreciation36.37M37.42M37.50M38.30M
ReconciledCostOfRevenue12.93M13.27M15.49M15.39M
EBITDA171.58M175.89M169.52M121.89M
EBIT135.22M138.48M132.02M83.60M
NetInterestIncome-40.34M-47.01M-31.44M-27.38M
InterestExpense40.34M47.01M31.44M27.38M
NormalizedIncome90.88M73.64M73.50M53.65M
NetIncomeFromContinuingAndDiscontinuedOperation91.04M89.73M100.02M55.86M
TotalExpenses77.28M80.65M78.22M76.17M
TotalOperatingIncomeAsReported92.44M89.96M99.08M54.81M
DilutedAverageShares44.24M41.36M40.07M39.16M
BasicAverageShares43.74M41.27M39.89M39.16M
DilutedEPS2.042.162.481.41
BasicEPS2.072.162.491.41
DilutedNIAvailtoComStockholders90.36M89.15M99.44M55.40M
AverageDilutionEarnings0.000.000.000.00
NetIncomeCommonStockholders90.36M89.15M99.44M55.40M
OtherunderPreferredStockDividend682.00K587.00K580.00K458.00K
NetIncome91.04M89.73M100.02M55.86M
MinorityInterests-3.84M-1.73M-560.00K-363.00K
NetIncomeIncludingNoncontrollingInterests94.88M91.46M100.58M56.22M
NetIncomeContinuousOperations94.88M91.46M100.58M56.22M
PretaxIncome94.88M91.46M100.58M56.22M
OtherIncomeExpense2.65M21.88M35.08M4.45M
SpecialIncomeCharges-7.77M-16.92M-4.25M-4.43M
WriteOff3.42M0.00
ImpairmentOfCapitalAssets6.95M15.78M3.42M0.00
RestructuringAndMergernAcquisition819.00K1.14M828.00K4.43M
EarningsFromEquityInterest2.44M1.50M1.50M1.42M
GainOnSaleOfSecurity7.98M37.30M37.83M7.46M
NetNonOperatingInterestIncomeExpense-40.34M-47.01M-31.44M-27.38M
InterestExpenseNonOperating40.34M47.01M31.44M27.38M
OperatingIncome132.57M116.59M96.94M79.15M
OperatingExpense64.35M67.38M62.73M60.78M
ProvisionForDoubtfulAccounts741.00K5.68M1.53M1.02M
DepreciationAmortizationDepletionIncomeStatement36.37M37.42M37.50M38.30M
DepreciationAndAmortizationInIncomeStatement36.37M37.42M37.50M38.30M
SellingGeneralAndAdministration27.24M24.29M23.71M21.46M
GeneralAndAdministrativeExpense27.24M24.29M23.71M21.46M
OtherGandA27.24M24.29M23.71M21.46M
GrossProfit196.92M183.97M159.67M139.93M
CostOfRevenue12.93M13.27M15.49M15.39M
TotalRevenue209.85M197.24M175.15M155.32M
OperatingRevenue209.85M197.24M175.15M155.32M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber45.51M43.02M41.26M39.37M
ShareIssued45.51M43.02M41.26M39.37M
NetDebt675.19M871.03M757.48M717.56M
TotalDebt684.60M891.32M767.85M722.72M
TangibleBookValue960.63M881.28M828.37M736.71M
InvestedCapital1.65B1.77B1.60B1.46B
WorkingCapital635.39M496.47M577.28M411.50M
NetTangibleAssets960.63M881.28M828.37M736.71M
CommonStockEquity960.63M881.28M828.37M736.71M
TotalCapitalization1.50B1.47B1.60B1.46B
TotalEquityGrossMinorityInterest1.05B916.27M850.31M745.13M
MinorityInterest92.38M34.99M21.94M8.41M
StockholdersEquity960.63M881.28M828.37M736.71M
GainsLossesNotAffectingRetainedEarnings3.81M6.11M8.72M-172.00K
OtherEquityAdjustments3.81M6.11M8.72M-172.00K
RetainedEarnings-126.41M-116.92M-111.89M-120.40M
AdditionalPaidInCapital1.08B991.66M931.12M856.89M
CapitalStock455.00K430.00K412.00K394.00K
CommonStock455.00K430.00K412.00K394.00K
TotalLiabilitiesNetMinorityInterest733.14M938.83M805.80M759.70M
TotalNonCurrentLiabilitiesNetMinorityInterest540.25M589.07M767.85M722.72M
LongTermDebtAndCapitalLeaseObligation540.25M589.07M767.85M722.72M
LongTermDebt540.25M589.07M767.85M722.72M
CurrentLiabilities192.89M349.76M37.94M36.98M
CurrentDebtAndCapitalLeaseObligation144.35M302.25M
CurrentDebt144.35M302.25M
LineOfCredit144.35M302.25M
PayablesAndAccruedExpenses48.54M47.51M37.94M36.98M
CurrentAccruedExpenses48.54M47.51M37.94M36.98M
InterestPayable3.09M3.87M5.23M3.75M
TotalAssets1.79B1.86B1.66B1.50B
TotalNonCurrentAssets957.86M1.01B1.04B1.06B
OtherNonCurrentAssets2.68M
NonCurrentDeferredAssets1.41M1.56M2.32M3.06M
NonCurrentAccountsReceivable1.79M2.68M
InvestmentsAndAdvances30.60M19.34M19.34M19.34M
LongTermEquityInvestment30.60M19.34M19.34M19.34M
InvestmentsinJointVenturesatCost30.60M19.34M19.34M19.34M
InvestmentProperties925.85M987.97M1.02B1.03B
CurrentAssets828.28M846.24M615.22M448.48M
OtherCurrentAssets15.89M15.97M11.10M4.19M
AssetsHeldForSaleCurrent-2.31M0.00
PrepaidAssets4.19M
Inventory670.00K18.39M10.71M0.00
FinishedGoods670.00K18.39M10.71M0.00
Receivables802.98M809.98M593.75M439.12M
OtherReceivables361.39M198.64M77.79M2.68M
AccruedInterestReceivable60.26M53.96M46.00M39.52M
NotesReceivable47.24M60.49M58.38M28.34M
LoansReceivable312.58M477.27M389.73M344.44M
AccountsReceivable21.50M19.63M21.85M24.15M
CashCashEquivalentsAndShortTermInvestments9.41M20.29M10.38M5.16M
CashAndCashEquivalents9.41M20.29M10.38M5.16M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow125.17M104.40M105.59M91.18M
RepurchaseOfCapitalStock0.000.00
RepaymentOfDebt-234.26M-154.36M-223.06M-230.56M
IssuanceOfDebt27.20M277.45M269.00M304.40M
IssuanceOfCapitalStock82.40M53.69M67.64M0.00
InterestPaidSupplementalData40.05M47.18M28.81M26.72M
EndCashPosition9.41M20.29M10.38M5.16M
BeginningCashPosition20.29M10.38M5.16M7.77M
ChangesInCash-10.87M9.91M5.22M-2.61M
FinancingCashFlow-226.72M80.42M19.58M-24.01M
CashFlowFromContinuingFinancingActivities-226.72M80.42M19.58M-24.01M
NetOtherFinancingCharges-1.54M-1.60M-2.49M-7.36M
ProceedsFromStockOptionExercised0.00
CashDividendsPaid-100.53M-94.76M-91.51M-90.49M
CommonStockDividendPaid-100.53M-94.76M-91.51M-90.49M
NetCommonStockIssuance82.40M53.69M67.64M0.00
CommonStockPayments0.000.00
CommonStockIssuance82.40M53.69M67.64M0.00
NetIssuancePaymentsOfDebt-207.06M123.09M45.94M73.84M
NetLongTermDebtIssuance-207.06M123.09M45.94M73.84M
LongTermDebtPayments-234.26M-154.36M-223.06M-230.56M
LongTermDebtIssuance27.20M277.45M269.00M304.40M
InvestingCashFlow90.68M-174.91M-119.95M-69.79M
CashFlowFromContinuingInvestingActivities90.68M-174.91M-119.95M-69.79M
NetOtherInvestingChanges77.07M-187.74M-131.65M-101.44M
NetInvestmentPropertiesPurchaseAndSale24.87M12.83M11.70M37.33M
SaleOfInvestmentProperties38.87M66.27M72.62M43.63M
PurchaseOfInvestmentProperties-13.99M-53.45M-60.92M-6.30M
NetBusinessPurchaseAndSale-11.26M0.000.00-5.68M
SaleOfBusiness0.000.00
PurchaseOfBusiness-11.26M0.000.00-5.68M
CapitalExpenditureReported0.000.00
OperatingCashFlow125.17M104.40M105.59M91.18M
CashFlowFromContinuingOperatingActivities125.17M104.40M105.59M91.18M
DividendReceivedCFO1.28M56.00K351.00K0.00
ChangeInWorkingCapital-13.47M-16.52M-3.99M-5.11M
ChangeInOtherWorkingCapital-2.31M-5.87M1.70M2.14M
ChangeInPayablesAndAccruedExpense-771.00K-1.37M1.49M-471.00K
ChangeInAccruedExpense-771.00K-1.37M1.49M-471.00K
ChangeInInterestPayable-771.00K-1.37M1.49M-471.00K
ChangeInReceivables-10.39M-9.28M-7.17M-6.78M
OtherNonCashItems25.00K2.80M3.75M2.02M
StockBasedCompensation9.05M8.48M7.96M7.76M
ProvisionandWriteOffofAssets508.00K3.74M-4.66M871.00K
AssetImpairmentCharge6.95M15.78M3.42M0.00
DepreciationAmortizationDepletion36.37M37.42M37.50M38.30M
DepreciationAndAmortization36.37M37.42M37.50M38.30M
OperatingGainsLosses-10.42M-38.80M-39.33M-8.88M
EarningsLossesFromEquityInvestments-2.44M-1.50M-1.50M-1.42M
GainLossOnInvestmentSecurities-7.98M-37.30M-37.83M-7.46M
NetIncomeFromContinuingOperations94.88M91.46M100.58M56.22M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for LTC
Date User Asset Broker Type Position Size Entry Price Patterns