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Ltc Properties Inc
The company that matches the ticker symbol LTC is LTC Properties. LTC is a real estate investment trust that focuses on senior housing and healthcare properties. Here are some key facts about LTC Properties:
* Symbol: LTC
* Company Name: LTC Properties, Inc.
* Industry: Real Estate Investment Trust (REIT)
* Sector: Healthcare
As of March 10, 2 N22, the company's stock price is $44.44 per share, with a market capitalization of approximately $2.2 billion. During the previous year, the stock's price range was between $34.12 and $55.08.
LTC Properties specializes in owning and leasing healthcare facilities, including skilled nursing centers, assisted living communities, and memory care facilities. As of December 31, 2020, the company owned or leased 356 healthcare facilities in 27 states with a total of 45,272 beds.
In terms of earnings, LTC Properties has consistently generated strong financial performance in recent years. In its most recent quarterly earnings report (Q3 2022), the company reported a net income of $14.4 million, or $0.51 per diluted share. This represents a 13.8% increase in net income compared to the same period in the prior year.
Furthermore, LTC Properties has a strong track record of paying dividends to its shareholders. On February 23, 2023, the company declared a monthly cash dividend of $0.19 per common share, representing an annualized dividend yield of 5.4%.
Growth prospects for LTC Properties appear positive, given the aging population and the increasing need for healthcare services. In its most recent earnings call, the company's CEO, Wendy Simpson, stated that they are "excited about the opportunities ahead, including the potential for future growth through strategic acquisitions and developments."
Overall, LTC Properties is a healthcare REIT with a diversified portfolio of healthcare facilities and a strong track record of financial performance. Its focus on senior housing and healthcare services aligns with the growing demand for healthcare services, positioning the company for long-term growth. However, please note that this information is subject to change, and it is important to conduct thorough research and consult financial advisors before making investment decisions.
In summary, LTC Properties is a healthcare REIT that owns and leases healthcare facilities across the U.S. The company has consistently delivered strong financial performance and pays a regular dividend to shareholders. LTC Properties' growth prospects appear positive due to the increasing need for healthcare services, positioning the company for long-term growth. As always, it's essential to conduct thorough research and consult with financial advisors before making investment decisions.