Shares of LTC Properties Inc (NYSE:LTC) have been given a consensus rating of “Hold” by the twelve analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $50.17.
LTC has been the topic of several recent research reports. Zacks Investment Research upgraded LTC Properties from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Thursday, January 11th. KeyCorp reiterated a “hold” rating on shares of LTC Properties in a research report on Tuesday, October 17th. Royal Bank of Canada reiterated a “hold” rating and set a $48.00 price objective on shares of LTC Properties in a research report on Monday, October 23rd. ValuEngine cut LTC Properties from a “buy” rating to a “hold” rating in a research report on Friday. Finally, BMO Capital Markets reiterated a “sell” rating and set a $44.00 price objective on shares of LTC Properties in a research report on Wednesday, October 18th.
In related news, Director Boyd W. Hendrickson sold 2,787 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $46.66, for a total value of $130,041.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James Pieczynski purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was bought at an average price of $43.60 per share, for a total transaction of $87,200.00. Following the transaction, the director now directly owns 17,974 shares of the company’s stock, valued at approximately $783,666.40. The disclosure for this purchase can be found here. Insiders sold 9,727 shares of company stock worth $436,470 in the last 90 days. 1.50% of the stock is owned by company insiders.
Shares of LTC Properties (LTC) opened at $38.23 on Tuesday. LTC Properties has a twelve month low of $38.18 and a twelve month high of $52.85. The stock has a market capitalization of $1,510.00, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 3.19 and a beta of 0.07. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.84.
LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.26. LTC Properties had a return on equity of 11.69% and a net margin of 52.18%. The business had revenue of $41.25 million during the quarter, compared to the consensus estimate of $32.91 million. During the same quarter last year, the firm posted $0.57 EPS. equities research analysts expect that LTC Properties will post 3.08 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be given a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date is Friday, February 16th. LTC Properties’s payout ratio is currently 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).
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