LTC Properties, Inc. (NYSE:LTC) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other equities research analysts also recently issued reports on LTC. Zacks Investment Research raised LTC Properties from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. BMO Capital Markets reaffirmed a “hold” rating and issued a $50.00 price target on shares of LTC Properties in a research report on Tuesday, May 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $50.00 price target (down from $51.00) on shares of LTC Properties in a research report on Tuesday, May 9th. Canaccord Genuity reaffirmed a “buy” rating and issued a $58.00 price target on shares of LTC Properties in a research report on Tuesday, May 9th. Finally, Hilliard Lyons raised LTC Properties from an “underperform” rating to a “neutral” rating in a research report on Wednesday, May 10th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $53.43.

Shares of LTC Properties (LTC) traded down 0.18% during midday trading on Friday, hitting $50.37. The stock had a trading volume of 213,747 shares. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 22.72 and a beta of 0.12. The firm has a 50-day moving average price of $49.25 and a 200-day moving average price of $47.66. LTC Properties has a 1-year low of $43.17 and a 1-year high of $54.20.

LTC Properties (NYSE:LTC) last posted its earnings results on Monday, May 8th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $0.24. LTC Properties had a net margin of 52.17% and a return on equity of 11.66%. The company had revenue of $42.62 million for the quarter, compared to the consensus estimate of $34.82 million. On average, equities analysts anticipate that LTC Properties will post $2.21 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Monday, August 21st. LTC Properties’s dividend payout ratio is 102.70%.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of LTC Properties by 12.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,266 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 256 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of LTC Properties by 39.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 900 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of LTC Properties during the first quarter worth approximately $156,000. Quadrature Capital Ltd acquired a new position in shares of LTC Properties during the fourth quarter worth approximately $211,000. Finally, Dubuque Bank & Trust Co. acquired a new position in shares of LTC Properties during the first quarter worth approximately $224,000. Hedge funds and other institutional investors own 83.37% of the company’s stock.

LTC Properties Company Profile

LTC Properties Inc is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. It invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC).

Analyst Recommendations for LTC Properties (NYSE:LTC)

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