LTC Properties Rating Increased to Buy at Sidoti (LTC)
LTC Properties (NYSE:LTC) was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
Shares of LTC Properties (NYSE:LTC) traded up 2.41% during mid-day trading on Wednesday, hitting $36.08. 129,916 shares of the company’s stock traded hands. LTC Properties has a 1-year low of $34.30 and a 1-year high of $48.69. The stock has a 50-day moving average of $36.23 and a 200-day moving average of $37.75. The company has a market cap of $1.254 billion and a price-to-earnings ratio of 21.68.
The company also recently announced a monthly dividend, which is scheduled for Monday, March 31st. Shareholders of record on Friday, March 21st will be paid a dividend of 0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 5.79%. The ex-dividend date is Wednesday, March 19th.
LTC Properties, Inc a health care real estate investment trust (NYSE:LTC).
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