Stock Analysis: LTC Properties

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LTC Properties Inc bears the ticker symbol LTC, and this is my first mention of LTC for this new Viking Portfolio. However, I have mentioned and selected LTC for some of my previous seven dog of the week folios.

LTC Properties Inc is a healthcare facility real estate investment trust. The company operates in one segment that works to invest in healthcare facilities through mortgage loans, property lease transactions, and other investments.

LTC generates all of its revenue in the United States. It is an active capital provider in the seniors housing and healthcare real estate industry. The company has been actively engaged with its operating partners to create a growing pipeline of projects.

LTC holds 181 investments in 27 states with 29 operating partners. The portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties and is headquartered in Westlake Village CA.

Three key data points gauge LTC or any dividend paying firm:

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money.

LTC Price

LTC Properties Inc price per share was $33.91 at Monday’s market close. In the past year, LTC share price fell $1.89 or about 5.28%.

If LTC stock trades in the range of $30.00 to $45.00 this next year, its recent $33.91 share price might reach $38.00 by next year. That upside estimate of $4.09 is based on the median of price targets from 6 analysts tracking LTC for brokers.

LTC Dividend

LTC Properties Inc most recent monthly dividend of $0.19 casts a forward annual yield of 6.72%.

LTC Returns

Adding the $2.28 annual estimated

LTC dividend to the median of six analysts, one-year price upside estimates of $4.09 reveals a $6.37 potential gross gain estimate per share.

At Friday’s $33.91 closing price, a little under $1000 would buy 29 shares.

A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.34 per share.

Subtract that maybe $0.34 brokerage cost from my estimated $6.37 gross gain makes a net gain of $6.03 X 29 shares = $174.87 for a 17.5% net gain including the 6.72% annual dividend yield.

In the next year our $1K investment in shares of LTC should generate $67.20 in cash dividends. Furthermore, a single share of LTC at Friday’s $33.91 price is about than 2 times less than the estimated annual dividend income from a $1000.00 investment.

So, by my dogcatcher ideal, this is probably a proper time to buy LTC Properties Inc shares, based on their dividends for 2023. The current dividend from $1K invested is 1.98 times greater than the LTC Properties Inc single share price. Consider yourself alerted.

All of the estimates above are speculation based on the past history of investment in shares of LTC Properties Inc. Only time and money invested in this stock will determine its future market value.

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