Symbols / LTC $37.36 +0.11% LTC Properties, Inc.

Real Estate • REIT - Healthcare Facilities • United States • NYQ
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. LTC Properties, Inc. was incorporated in 1992 in Maryland, USA.

Fundamentals
Scroll to Statements
Sector Real Estate Industry REIT - Healthcare Facili Market Cap 1.81B
Enterprise Value 2.73B Income 117.28M Sales 257.62M
Book/sh 22.17 Cash/sh 0.30 Dividend Yield 6.11%
Payout 90.48% Employees 25 IPO —
P/E 14.83 Forward P/E 22.99 PEG —
P/S 7.03 P/B 1.68 P/C —
EV/EBITDA 24.59 EV/Sales 10.59 Quick Ratio 16.93
Current Ratio 17.97 Debt/Eq 72.67 LT Debt/Eq —
EPS (ttm) 2.52 EPS next Y 1.62 EPS Growth 4.40%
Revenue Growth 59.00% Earnings 2026-05-04 ROA 2.37%
ROE 11.18% ROIC — Gross Margin 72.28%
Oper. Margin -8.93% Profit Margin 45.79% Shs Outstand 48.51M
Shs Float 47.38M Short Float 8.48% Short Ratio 7.27
Short Interest — 52W High 40.80 52W Low 31.70
Beta 0.59 Avg Volume 429.29K Volume 104.05K
Target Price $41.29 Recom Hold Prev Close $37.32
Price $37.36 Change 0.11%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$41.29
Mean price target
2. Current target
$37.16
Latest analyst target
3. DCF / Fair value
$49.54
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$37.16
Low
$38.00
High
$45.00
Mean
$41.29

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-20 main RBC Capital Sector Perform → Sector Perform $41
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
News
RSS: Latest LTC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-09 SATTERWHITE JOHN GIBSON Officer — 7,714 $39.68 $306,092
2026-03-09 CHIKHALE CAROLINE L Chief Financial Officer — 10,286 $39.68 $408,148
2026-03-09 SHELLEY-KESSLER PAMELA J Chief Executive Officer — 33,226 $39.68 $1,318,408
2026-03-09 MALIN CLINT B Chief Executive Officer — 33,226 $39.68 $1,318,408
2026-03-09 SIMPSON WENDY L Officer and Director — 67,721 $39.68 $2,687,169
2026-03-05 GRUBER DAVID L Director — 7,000 $38.00 $266,000
2026-02-19 SATTERWHITE JOHN GIBSON Officer — 10,663 $38.92 $415,004
2026-02-19 CHIKHALE CAROLINE L Chief Financial Officer — 13,618 $38.92 $530,013
2026-02-19 SHELLEY-KESSLER PAMELA J Chief Executive Officer — 33,466 $38.92 $1,302,497
2026-02-19 MALIN CLINT B Chief Executive Officer — 33,466 $38.92 $1,302,497
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
262.85
+25.26%
209.85
+6.39%
197.24
+12.61%
175.15
Operating Revenue
262.85
+25.26%
209.85
+6.39%
197.24
+12.61%
175.15
Cost Of Revenue
64.88
+401.80%
12.93
-2.55%
13.27
-14.32%
15.49
Reconciled Cost Of Revenue
64.88
+401.80%
12.93
-2.55%
13.27
-14.32%
15.49
Gross Profit
197.97
+0.54%
196.92
+7.03%
183.97
+15.22%
159.67
Operating Expense
73.51
+14.23%
64.35
-4.50%
67.38
+7.41%
62.73
Selling General And Administration
31.12
+14.23%
27.24
+12.18%
24.29
+2.45%
23.71
General And Administrative Expense
31.12
+14.23%
27.24
+12.18%
24.29
+2.45%
23.71
Other Gand A
31.12
+14.23%
27.24
+12.18%
24.29
+2.45%
23.71
Total Expenses
138.39
+79.08%
77.28
-4.18%
80.65
+3.11%
78.22
Operating Income
124.46
-6.11%
132.57
+13.70%
116.59
+20.28%
96.94
Total Operating Income As Reported
—
92.44
+2.76%
89.96
-9.21%
99.08
EBITDA
197.24
+14.95%
171.58
-2.45%
175.89
+3.76%
169.52
Normalized EBITDA
169.09
-1.33%
171.38
+10.20%
155.51
+14.40%
135.94
Reconciled Depreciation
37.87
+4.14%
36.37
-2.80%
37.42
-0.21%
37.50
EBIT
159.37
+17.86%
135.22
-2.35%
138.48
+4.89%
132.02
Total Unusual Items
28.15
+13497.10%
0.21
-98.98%
20.38
-39.32%
33.58
Total Unusual Items Excluding Goodwill
28.15
+13497.10%
0.21
-98.98%
20.38
-39.32%
33.58
Special Income Charges
-49.68
-539.17%
-7.77
+54.06%
-16.92
-298.09%
-4.25
Impairment Of Capital Assets
0.00
-100.00%
6.95
-55.92%
15.78
+360.99%
3.42
Restructuring And Mergern Acquisition
8.22
+903.79%
0.82
-28.41%
1.14
+38.16%
0.83
Write Off
41.45
0.00
0.00
-100.00%
3.42
Net Income
117.97
+29.58%
91.04
+1.45%
89.73
-10.29%
100.02
Pretax Income
124.06
+30.75%
94.88
+3.74%
91.46
-9.07%
100.58
Net Non Operating Interest Income Expense
-35.31
+12.47%
-40.34
+14.20%
-47.01
-49.55%
-31.44
Interest Expense Non Operating
35.31
-12.47%
40.34
-14.20%
47.01
+49.55%
31.44
Net Interest Income
-35.31
+12.47%
-40.34
+14.20%
-47.01
-49.55%
-31.44
Interest Expense
35.31
-12.47%
40.34
-14.20%
47.01
+49.55%
31.44
Other Income Expense
34.90
+1217.59%
2.65
-87.89%
21.88
-37.63%
35.08
Gain On Sale Of Security
77.82
+875.34%
7.98
-78.61%
37.30
-1.41%
37.83
Tax Provision
0.18
0.00
0.00
—
Tax Rate For Calcs
0.00
-99.31%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
0.04
-6.58%
0.04
-98.98%
4.28
-39.32%
7.05
Net Income Including Noncontrolling Interests
123.88
+30.57%
94.88
+3.74%
91.46
-9.07%
100.58
Net Income From Continuing Operation Net Minority Interest
117.97
+29.58%
91.04
+1.45%
89.73
-10.29%
100.02
Net Income From Continuing And Discontinued Operation
117.97
+29.58%
91.04
+1.45%
89.73
-10.29%
100.02
Net Income Continuous Operations
123.88
+30.57%
94.88
+3.74%
91.46
-9.07%
100.58
Minority Interests
-5.91
-53.89%
-3.84
-122.29%
-1.73
-208.39%
-0.56
Normalized Income
89.87
-1.11%
90.88
+23.41%
73.64
+0.19%
73.50
Net Income Common Stockholders
117.28
+29.79%
90.36
+1.36%
89.15
-10.35%
99.44
Otherunder Preferred Stock Dividend
0.70
+2.05%
0.68
+16.18%
0.59
+1.21%
0.58
Diluted EPS
2.52
+23.53%
2.04
-5.56%
2.16
-12.90%
2.48
Basic EPS
2.54
+22.71%
2.07
-4.17%
2.16
-13.25%
2.49
Basic Average Shares
46.23
+5.69%
43.74
+5.99%
41.27
+3.45%
39.89
Diluted Average Shares
46.56
+5.24%
44.24
+6.97%
41.36
+3.22%
40.07
Diluted NI Availto Com Stockholders
117.28
+29.79%
90.36
+1.36%
89.15
-10.35%
99.44
Average Dilution Earnings
0.00
0.00
0.00
0.00
Depreciation Amortization Depletion Income Statement
37.87
+4.14%
36.37
-2.80%
37.42
-0.21%
37.50
Depreciation And Amortization In Income Statement
37.87
+4.14%
36.37
-2.80%
37.42
-0.21%
37.50
Earnings From Equity Interest
6.76
+176.70%
2.44
+62.37%
1.50
+0.00%
1.50
Provision For Doubtful Accounts
4.51
+509.31%
0.74
-86.95%
5.68
+271.60%
1.53
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
2,062.06
+15.45%
1,786.14
-3.72%
1,855.10
+12.02%
1,656.10
Current Assets
827.45
-0.10%
828.28
-2.12%
846.24
+37.55%
615.22
Cash Cash Equivalents And Short Term Investments
14.39
+52.83%
9.41
-53.59%
20.29
+95.45%
10.38
Cash And Cash Equivalents
14.39
+52.83%
9.41
-53.59%
20.29
+95.45%
10.38
Receivables
813.06
+1.26%
802.98
-0.86%
809.98
+36.42%
593.75
Accounts Receivable
21.08
-1.98%
21.50
+9.57%
19.63
-10.17%
21.85
Gross Accounts Receivable
21.38
-0.57%
21.50
+9.57%
19.63
-10.17%
21.85
Allowance For Doubtful Accounts Receivable
-0.30
0.00
—
—
Other Receivables
361.98
+0.16%
361.39
+81.93%
198.64
+155.36%
77.79
Accrued Interest Receivable
22.72
-62.30%
60.26
+11.67%
53.96
+17.30%
46.00
Loans Receivable
381.66
+22.10%
312.58
-34.51%
477.27
+22.46%
389.73
Inventory
—
0.67
-96.36%
18.39
+71.72%
10.71
Finished Goods
—
0.67
-96.36%
18.39
+71.72%
10.71
Prepaid Assets
—
—
—
—
Assets Held For Sale Current
—
—
—
-2.31
Other Current Assets
—
15.89
-0.48%
15.97
+43.88%
11.10
Total Non Current Assets
1,234.62
+28.89%
957.86
-5.06%
1,008.86
-3.08%
1,040.88
Net PPE
2.58
-5.87%
2.74
—
—
Gross PPE
2.58
-5.87%
2.74
—
—
Other Properties
2.58
-5.87%
2.74
—
—
Goodwill And Other Intangible Assets
6.52
-9.60%
7.21
—
—
Other Intangible Assets
6.52
-9.60%
7.21
—
—
Investments And Advances
12.52
-59.07%
30.60
+58.23%
19.34
+0.00%
19.34
Long Term Equity Investment
12.52
-59.07%
30.60
+58.23%
19.34
+0.00%
19.34
Non Current Accounts Receivable
—
—
—
1.79
Non Current Deferred Assets
5.47
+288.01%
1.41
-9.44%
1.56
-32.92%
2.32
Non Current Deferred Taxes Assets
0.73
0.00
—
—
Other Non Current Assets
2.40
—
—
—
Total Liabilities Net Minority Interest
899.68
+22.72%
733.14
-21.91%
938.83
+16.51%
805.80
Current Liabilities
310.36
+60.90%
192.89
-44.85%
349.76
+821.84%
37.94
Payables And Accrued Expenses
57.49
+18.46%
48.54
+2.15%
47.51
+25.23%
37.94
Current Accrued Expenses
57.49
+18.46%
48.54
+2.15%
47.51
+25.23%
37.94
Current Debt And Capital Lease Obligation
252.86
+75.17%
144.35
-52.24%
302.25
—
Current Debt
252.86
+75.17%
144.35
-52.24%
302.25
—
Total Non Current Liabilities Net Minority Interest
589.32
+9.08%
540.25
-8.29%
589.07
-23.28%
767.85
Long Term Debt And Capital Lease Obligation
589.32
+9.08%
540.25
-8.29%
589.07
-23.28%
767.85
Long Term Debt
589.32
+9.08%
540.25
-8.29%
589.07
-23.28%
767.85
Stockholders Equity
1,074.98
+11.90%
960.63
+9.00%
881.28
+6.39%
828.37
Common Stock Equity
1,074.98
+11.90%
960.63
+9.00%
881.28
+6.39%
828.37
Capital Stock
0.48
+6.59%
0.46
+5.81%
0.43
+4.37%
0.41
Common Stock
0.48
+6.59%
0.46
+5.81%
0.43
+4.37%
0.41
Share Issued
48.48
+6.53%
45.51
+5.79%
43.02
+4.26%
41.26
Ordinary Shares Number
48.48
+6.53%
45.51
+5.79%
43.02
+4.26%
41.26
Additional Paid In Capital
1,189.85
+9.89%
1,082.76
+9.19%
991.66
+6.50%
931.12
Retained Earnings
-115.83
+8.37%
-126.41
-8.12%
-116.92
-4.49%
-111.89
Gains Losses Not Affecting Retained Earnings
0.48
-87.37%
3.81
-37.56%
6.11
-29.92%
8.72
Minority Interest
87.40
-5.39%
92.38
+164.03%
34.99
+59.47%
21.94
Other Equity Adjustments
0.48
-87.37%
3.81
-37.56%
6.11
-29.92%
8.72
Total Equity Gross Minority Interest
1,162.38
+10.39%
1,053.01
+14.92%
916.27
+7.76%
850.31
Total Capitalization
1,664.30
+10.89%
1,500.88
+2.08%
1,470.35
-7.89%
1,596.22
Working Capital
517.09
-18.62%
635.39
+27.98%
496.47
-14.00%
577.28
Invested Capital
1,917.16
+16.53%
1,645.23
-7.19%
1,772.60
+11.05%
1,596.22
Total Debt
842.18
+23.02%
684.60
-23.19%
891.32
+16.08%
767.85
Net Debt
827.79
+22.60%
675.19
-22.48%
871.03
+14.99%
757.48
Net Tangible Assets
1,068.46
+11.23%
960.63
+9.00%
881.28
+6.39%
828.37
Tangible Book Value
1,068.46
+11.23%
960.63
+9.00%
881.28
+6.39%
828.37
Financial Assets
0.48
-87.37%
3.81
—
—
Interest Payable
3.81
+23.01%
3.09
-19.95%
3.87
-26.16%
5.23
Investment Properties
1,204.64
+30.11%
925.85
-6.29%
987.97
-3.07%
1,019.22
Investmentsin Joint Venturesat Cost
12.52
-59.07%
30.60
+58.23%
19.34
+0.00%
19.34
Line Of Credit
252.86
+75.17%
144.35
-52.24%
302.25
—
Notes Receivable
25.61
-45.78%
47.24
-21.90%
60.49
+3.61%
58.38
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
135.98
+8.63%
125.17
+19.89%
104.40
-1.12%
105.59
Cash Flow From Continuing Operating Activities
135.98
+8.63%
125.17
+19.89%
104.40
-1.12%
105.59
Net Income From Continuing Operations
123.88
+30.57%
94.88
+3.74%
91.46
-9.07%
100.58
Depreciation Amortization Depletion
37.87
+4.14%
36.37
-2.80%
37.42
-0.21%
37.50
Depreciation And Amortization
37.87
+4.14%
36.37
-2.80%
37.42
-0.21%
37.50
Other Non Cash Items
5.77
+22996.00%
0.03
-99.11%
2.80
-25.49%
3.75
Stock Based Compensation
9.33
+3.06%
9.05
+6.73%
8.48
+6.49%
7.96
Provisionand Write Offof Assets
4.51
+788.78%
0.51
-86.41%
3.74
+180.17%
-4.66
Asset Impairment Charge
41.45
+496.22%
6.95
-55.92%
15.78
+360.99%
3.42
Deferred Tax
0.18
0.00
—
—
Deferred Income Tax
0.18
0.00
—
—
Operating Gains Losses
-84.58
-711.62%
-10.42
+73.14%
-38.80
+1.36%
-39.33
Gain Loss On Investment Securities
-77.82
-875.34%
-7.98
+78.61%
-37.30
+1.41%
-37.83
Change In Working Capital
-9.29
+31.03%
-13.47
+18.48%
-16.52
-314.42%
-3.99
Change In Receivables
-9.74
+6.28%
-10.39
-11.93%
-9.28
-29.42%
-7.17
Change In Payables And Accrued Expense
0.71
+192.35%
-0.77
+43.68%
-1.37
-191.94%
1.49
Change In Accrued Expense
0.71
+192.35%
-0.77
+43.68%
-1.37
-191.94%
1.49
Change In Other Working Capital
-0.26
+88.56%
-2.31
+60.69%
-5.87
-445.96%
1.70
Investing Cash Flow
-269.94
-397.69%
90.68
+151.84%
-174.91
-45.82%
-119.95
Cash Flow From Continuing Investing Activities
-269.94
-397.69%
90.68
+151.84%
-174.91
-45.82%
-119.95
Capital Expenditure Reported
—
—
—
0.00
Net Business Purchase And Sale
18.08
+260.52%
-11.26
0.00
0.00
Purchase Of Business
-1.26
+88.79%
-11.26
0.00
0.00
Net Other Investing Changes
-52.87
-168.60%
77.07
+141.05%
-187.74
-42.60%
-131.65
Financing Cash Flow
138.94
+161.28%
-226.72
-381.94%
80.42
+310.68%
19.58
Cash Flow From Continuing Financing Activities
138.94
+161.28%
-226.72
-381.94%
80.42
+310.68%
19.58
Net Issuance Payments Of Debt
159.01
+176.80%
-207.06
-268.22%
123.09
+167.94%
45.94
Issuance Of Debt
308.51
+1034.24%
27.20
-90.20%
277.45
+3.14%
269.00
Repayment Of Debt
-149.50
+36.18%
-234.26
-51.76%
-154.36
+30.80%
-223.06
Long Term Debt Issuance
308.51
+1034.24%
27.20
-90.20%
277.45
+3.14%
269.00
Long Term Debt Payments
-149.50
+36.18%
-234.26
-51.76%
-154.36
+30.80%
-223.06
Net Long Term Debt Issuance
159.01
+176.80%
-207.06
-268.22%
123.09
+167.94%
45.94
Net Common Stock Issuance
100.56
+22.03%
82.40
+53.49%
53.69
-20.63%
67.64
Common Stock Payments
—
—
—
0.00
Common Stock Dividend Paid
-107.39
-6.83%
-100.53
-6.08%
-94.76
-3.56%
-91.51
Cash Dividends Paid
-107.39
-6.83%
-100.53
-6.08%
-94.76
-3.56%
-91.51
Repurchase Of Capital Stock
—
—
—
0.00
Proceeds From Stock Option Exercised
—
—
—
—
Net Other Financing Charges
-13.23
-760.47%
-1.54
+3.75%
-1.60
+35.90%
-2.49
Changes In Cash
4.97
+145.74%
-10.87
-209.74%
9.91
+89.86%
5.22
Beginning Cash Position
9.41
-53.59%
20.29
+95.45%
10.38
+101.10%
5.16
End Cash Position
14.39
+52.83%
9.41
-53.59%
20.29
+95.45%
10.38
Free Cash Flow
135.98
+8.63%
125.17
+19.89%
104.40
-1.12%
105.59
Interest Paid Supplemental Data
32.97
-17.68%
40.05
-15.11%
47.18
+63.76%
28.81
Change In Interest Payable
0.71
+192.35%
-0.77
+43.68%
-1.37
-191.94%
1.49
Common Stock Issuance
100.56
+22.03%
82.40
+53.49%
53.69
-20.63%
67.64
Dividend Received CFO
6.84
+435.13%
1.28
+2182.14%
0.06
-84.05%
0.35
Earnings Losses From Equity Investments
-6.76
-176.70%
-2.44
-62.37%
-1.50
+0.00%
-1.50
Issuance Of Capital Stock
100.56
+22.03%
82.40
+53.49%
53.69
-20.63%
67.64
Net Investment Properties Purchase And Sale
-235.16
-1045.43%
24.87
+93.88%
12.83
+9.61%
11.70
Purchase Of Investment Properties
-361.86
-2485.80%
-13.99
+73.82%
-53.45
+12.26%
-60.92
Sale Of Business
19.34
0.00
0.00
0.00
Sale Of Investment Properties
126.70
+225.99%
38.87
-41.35%
66.27
-8.74%
72.62
SEC Filings

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

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