LTC Properties, Inc. (NYSE:LTC)‘s stock had its “hold” rating reissued by equities researchers at Royal Bank Of Canada in a research note issued to investors on Monday. They currently have a $48.00 price target on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 1.39% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Mizuho reissued a “neutral” rating on shares of LTC Properties in a report on Wednesday, June 28th. BidaskClub downgraded LTC Properties from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Zacks Investment Research raised LTC Properties from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. BMO Capital Markets reissued a “sell” rating and issued a $44.00 price target on shares of LTC Properties in a report on Wednesday, October 18th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $50.00 price target on shares of LTC Properties in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. LTC Properties presently has an average rating of “Hold” and an average price target of $50.17.

Shares of LTC Properties (NYSE:LTC) opened at 47.34 on Monday. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 20.81 and a beta of 0.16. The stock’s 50 day moving average price is $47.61 and its 200 day moving average price is $48.84. LTC Properties has a 12 month low of $43.17 and a 12 month high of $52.85.

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

TRADEMARK VIOLATION WARNING: “LTC Properties’ (LTC) “Hold” Rating Reaffirmed at Royal Bank Of Canada” was posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/23/ltc-properties-ltc-hold-rating-reaffirmed-at-royal-bank-of-canada.html.

A number of large investors have recently added to or reduced their stakes in LTC. PNC Financial Services Group Inc. lifted its holdings in LTC Properties by 12.8% during the 2nd 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 during the last quarter. Riverhead Capital Management LLC lifted its holdings in LTC Properties by 91.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,064 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 1,464 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in LTC Properties by 6.1% during the 2nd 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 during the last quarter. Daiwa Securities Group Inc. lifted its holdings in LTC Properties by 9.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,500 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 300 shares during the last quarter. Finally, Neuberger Berman Group LLC bought a new position in LTC Properties during the 2nd quarter worth approximately $202,000. 81.14% of the stock is currently owned by institutional investors.

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)

Receive News & Ratings for LTC Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LTC Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.