LTC Properties, Inc. (NYSE:LTC)‘s stock had its “hold” rating restated by research analysts at KeyCorp in a research note issued on Sunday.

Other equities analysts have also issued research reports about the stock. Mizuho reaffirmed a “neutral” rating on shares of LTC Properties in a research report on Wednesday, June 28th. BidaskClub lowered shares of LTC Properties from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered shares of LTC Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. Stifel Nicolaus set a $46.00 price objective on shares of LTC Properties and gave the company a “hold” rating in a research report on Sunday, August 13th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $50.00 price objective on shares of LTC Properties in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $50.60.

Shares of LTC Properties (LTC) opened at 48.93 on Friday. LTC Properties has a 52-week low of $43.17 and a 52-week high of $53.08. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 21.51 and a beta of 0.15. The stock has a 50 day moving average of $48.91 and a 200 day moving average of $48.77.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.01. The firm had revenue of $42.47 million for the quarter, compared to analyst estimates of $35.08 million. LTC Properties had a net margin of 53.36% and a return on equity of 11.99%. Equities analysts predict that LTC Properties will post $2.18 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in LTC. PNC Financial Services Group Inc. raised its position in shares of 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 valued at $105,000 after purchasing an additional 231 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised 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 valued at $109,000 after purchasing an additional 256 shares during the period. Daiwa Securities Group Inc. raised 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 valued at $153,000 after purchasing an additional 900 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of LTC Properties in the first quarter valued at approximately $156,000. Finally, Riverhead Capital Management LLC raised its position in shares of LTC Properties by 91.5% in the second quarter. Riverhead Capital Management LLC now owns 3,064 shares of the real estate investment trust’s stock valued at $157,000 after purchasing an additional 1,464 shares during the period. 81.37% of the stock is currently owned by institutional investors.

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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