Stock on Watch: LTC Properties, Inc. (LTC)

Company Profile:

LTC Properties, Inc. operates as a health care real estate investment trust (REIT) in the United States. It invests in senior housing and long term healthcare properties, including skilled nursing properties, assisted living properties, independent living properties, and combinations through mortgage loans, property lease transactions, and other investments. Its portfolio consists of 89 skilled nursing properties, 102 assisted living properties, 14 other senior housing properties, 2 schools, and a parcel of land under development. As a REIT, the company would not be subject to federal income tax, if it distributes at least 90% of net taxable income to its stockholders. LTC Properties, Inc. was founded in 1992 and is based in Westlake Village, California.

Recent News:

The Company will release fourth quarter earnings on Wednesday, February 22, 2017. The Company will conduct a conference call on Thursday, February 23, 2017, at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time), to provide commentary on the Company’s performance and operating results for the quarter ended December 31, 2016.

For its third quarter ended September 30, 2016, the company reported net income available to common stockholders was $22.3 million, or $0.57 per diluted share, compared with $18.7 million, or $0.52 per diluted share, for the same period in 2015.

The company increased its monthly cash dividend on its common stock to $0.190 per share for the fourth quarter of 2016, approximately a 5.56% increase from the previous $0.18 per share.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

LTC’s strengths can be seen in its better growth, strong profitability and robust solvency compared with its peers. Its revenue and net income have increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator , RSI stands at 53.04 with positive bias. We rate LTC Properties, Inc. (LTC) a STRONG BUY.

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