LTC Properties, Inc. (NYSE:LTC) – Equities research analysts at KeyCorp issued their FY2018 earnings per share (EPS) estimates for shares of LTC Properties in a research note issued to investors on Monday. KeyCorp analyst J. Sadler expects that the real estate investment trust will earn $3.28 per share for the year.

Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of LTC Properties from a “sell” rating to a “hold” rating in a research report on Thursday, April 6th. Hilliard Lyons raised shares of LTC Properties from an “underperform” rating to a “neutral” rating in a research report on Wednesday, May 10th. Canaccord Genuity reissued a “buy” rating and issued a $58.00 price objective on shares of LTC Properties in a research report on Tuesday, May 9th. BMO Capital Markets reissued a “hold” rating and issued a $50.00 price objective on shares of LTC Properties in a research report on Tuesday, May 9th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $50.00 target price on shares of LTC Properties in a research note on Tuesday, May 23rd. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. LTC Properties has an average rating of “Hold” and a consensus price target of $53.50.

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LTC Properties (LTC) traded up 0.37% during trading on Wednesday, reaching $51.63. 130,567 shares of the company’s stock traded hands. The firm’s 50 day moving average is $50.46 and its 200 day moving average is $48.18. The company has a market cap of $2.04 billion, a P/E ratio of 23.29 and a beta of 0.12. LTC Properties has a 12 month low of $43.17 and a 12 month high of $54.20.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Monday, May 8th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.78 by $0.24. LTC Properties had a return on equity of 11.66% and a net margin of 52.17%. The firm had revenue of $42.62 million for the quarter, compared to analysts’ expectations of $34.82 million.

The business also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Wednesday, August 23rd will be given a dividend of $0.19 per share. The ex-dividend date is Monday, August 21st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.43%. LTC Properties’s payout ratio is presently 102.70%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Waterfront Capital Partners LLC acquired a new position in LTC Properties during the first quarter valued at $757,000. Victory Capital Management Inc. raised its stake in LTC Properties by 31.9% in the first quarter. Victory Capital Management Inc. now owns 988,880 shares of the real estate investment trust’s stock valued at $47,367,000 after buying an additional 239,198 shares during the last quarter. ProShare Advisors LLC raised its stake in LTC Properties by 180.0% in the first quarter. ProShare Advisors LLC now owns 19,396 shares of the real estate investment trust’s stock valued at $252,000 after buying an additional 12,470 shares during the last quarter. Nisa Investment Advisors LLC raised 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 valued at $4,151,000 after buying an additional 1,400 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in LTC Properties by 7.3% in the first quarter. Parametric Portfolio Associates LLC now owns 67,776 shares of the real estate investment trust’s stock valued at $3,246,000 after buying an additional 4,616 shares during the last quarter. Institutional investors own 83.08% of the company’s stock.

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).

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