LTC Properties, Inc. (NYSE:LTC) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other research analysts have also recently weighed in on the stock. Hilliard Lyons raised shares of LTC Properties from an “underperform” rating to a “neutral” rating in a report on Wednesday, May 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a $58.00 price objective on shares of LTC Properties in a report on Tuesday, May 9th. BMO Capital Markets reaffirmed a “hold” rating and issued a $50.00 price objective on shares of LTC Properties in a report on Tuesday, May 9th. Zacks Investment Research raised shares of LTC Properties from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $50.00 price objective on shares of LTC Properties in a report on Tuesday, May 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $50.60.

LTC Properties (NYSE LTC) traded up 0.33% during trading on Friday, hitting $48.32. The stock had a trading volume of 92,693 shares. LTC Properties has a 52-week low of $43.17 and a 52-week high of $54.20. The company has a 50-day moving average price of $49.82 and a 200-day moving average price of $48.58. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 21.24 and a beta of 0.12.

LTC Properties (NYSE:LTC) last released its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.01. LTC Properties had a net margin of 53.36% and a return on equity of 11.99%. The company had revenue of $42.47 million during the quarter, compared to analysts’ expectations of $35.08 million. Equities research analysts forecast that LTC Properties will post $2.19 EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. boosted its stake in LTC Properties by 0.9% in the second quarter. Pinebridge Investments L.P. now owns 5,213 shares of the real estate investment trust’s stock worth $268,000 after buying an additional 49 shares in the last quarter. People s United Financial Inc. boosted its stake in LTC Properties by 0.9% in the second quarter. People s United Financial Inc. now owns 17,639 shares of the real estate investment trust’s stock worth $907,000 after buying an additional 150 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in LTC Properties by 6.1% in the second quarter. Ameritas Investment Partners Inc. now owns 3,456 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 200 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in LTC Properties by 12.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,037 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 231 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in LTC Properties by 0.8% in the second quarter. Texas Permanent School Fund now owns 28,892 shares of the real estate investment trust’s stock worth $1,485,000 after buying an additional 233 shares in the last quarter. 83.33% of the stock is owned by institutional investors and hedge funds.

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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