LTC Properties Q2 revenue jumps, beats analyst expectations
LTC•Overview
- US seniors housing REIT's Q2 revenue rose sharply, beating analyst expectations
- Diluted EPS for Q2 increased year-over-year to $0.56
- Company raised 2026 investment guidance midpoint by 50%, expects $700 mln SHOP acquisitions by Q3 end
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $98.86 mln | $31.61 mln (4 Analysts) |
| Q2 EPS | $0.56 |
Analyst coverage
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
- The average consensus recommendation for the specialized REITs peer group is "buy"
- Wall Street's median 12-month price target for LTC Properties, Inc. is $40.00, about 4% above its August 4 closing price of $38.48
- The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago
Outlook and result drivers
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LTC raises 2026 SHOP investment guidance mid-point to $900 mln, up 50% from prior view
