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LTC Properties (NYSE:LTC) is a real estate investment trust investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending.
If You Bought LTC Properties Stock 10 Years Ago
The company's stock traded at approximately $45.21 per share 10 years ago. If you had invested $10,000, you could have bought roughly 221 shares. Currently, shares trade at $33.70, meaning your investment's value could have declined to $7,454 from stock price depreciation. However, LTC Properties also paid dividends during these 10 years.
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LTC Properties' dividend yield is currently 6.77%. Over the last 10 years, it has paid about $23.64 in dividends per share, which means you could have made $5,229 from dividends alone.
Summing up $7,454 and $5,229, we end up with the final value of your investment, which is $12,683. This is how much you could have made if you had invested $10,000 in LTC Properties stock 10 years ago. This means a total return of 27.83%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 199.91%.
What Could The Next 10 Years Bring?
LTC Properties has a consensus rating of "Market Outperform" and a price target of $36.46 based on the ratings of 14 analysts. The price target implies more than 8% potential upside from the current stock price.
On Feb. 24, the company announced its Q4 2024 earnings, posting FFO of $0.72, compared to the consensus estimate of $0.66, and revenues of $52.58 million, compared to the consensus of $50.07 million, as reported by Benzinga.
"2024 was a strong year for LTC. We set ambitious goals, and we delivered, often ahead of schedule," said co-CEO Pam Kessler. "We are making substantial progress on our RIDEA strategy, with initial transactions expected during the second quarter. Adding RIDEA to our robust suite of offerings for growth-minded operating partners unlocks a strong catalyst for future growth for LTC."