Shares of LTC Properties, Inc. (NYSE:LTC) have been assigned a consensus rating of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $52.60.

A number of research analysts have recently commented on LTC shares. BidaskClub raised shares of LTC Properties from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Canaccord Genuity reiterated a “buy” rating and issued a $58.00 price objective on shares of LTC Properties in a report on Tuesday, May 9th. Stifel Nicolaus reiterated a “hold” rating and issued a $50.00 price objective (down previously from $51.00) on shares of LTC Properties in a report on Tuesday, May 9th. BMO Capital Markets reiterated a “hold” rating and issued a $50.00 price objective on shares of LTC Properties in a report on Tuesday, May 9th. Finally, Zacks Investment Research upgraded shares of LTC Properties from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. IFC Holdings Incorporated FL raised its position in shares of LTC Properties by 1.2% in the first quarter. IFC Holdings Incorporated FL now owns 5,759 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 66 shares during the period. State of Alaska Department of Revenue increased its stake in LTC Properties by 21.7% in the first quarter. State of Alaska Department of Revenue now owns 25,460 shares of the real estate investment trust’s stock worth $1,218,000 after buying an additional 4,540 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in LTC Properties by 1.6% in the first quarter. Nisa Investment Advisors LLC now owns 86,650 shares of the real estate investment trust’s stock worth $4,151,000 after buying an additional 1,400 shares in the last quarter. Legato Capital Management LLC increased its stake in LTC Properties by 4,690.0% in the first quarter. Legato Capital Management LLC now owns 40,380 shares of the real estate investment trust’s stock worth $843,000 after buying an additional 39,537 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in LTC Properties by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the real estate investment trust’s stock worth $771,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 82.92% of the company’s stock.

Shares of LTC Properties (NYSE LTC) remained flat at $51.08 during midday trading on Friday. The company had a trading volume of 56,577 shares. The stock has a market capitalization of $2.02 billion, a P/E ratio of 23.04 and a beta of 0.12. LTC Properties has a one year low of $43.17 and a one year high of $54.20. The stock’s 50 day moving average is $50.32 and its 200-day moving average is $48.12.

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

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Wednesday, August 23rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $2.28 dividend on an annualized basis and a yield of 4.46%. LTC Properties’s dividend payout ratio (DPR) is presently 102.70%.

About LTC Properties

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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