LTC Properties (LTC) Hits New 12-Month High and Low at $34.95

Shares of LTC Properties, Inc. (NYSE:LTC) hit a new 52-week high and low during trading on Monday . The company traded as low as $34.95 and last traded at $34.91, with a volume of 161006 shares trading hands. The stock had previously closed at $35.14.

A number of analysts recently commented on LTC shares. Royal Bank of Canada set a $43.00 target price on LTC Properties and gave the company a “hold” rating in a research report on Tuesday, March 6th. Zacks Investment Research raised LTC Properties from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Thursday, January 11th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $52.00 target price on shares of LTC Properties in a research report on Thursday, March 1st. TheStreet lowered LTC Properties from a “b-” rating to a “c+” rating in a research report on Tuesday, February 27th. Finally, BMO Capital Markets set a $39.00 target price on LTC Properties and gave the company a “sell” rating in a research report on Monday, March 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $46.25.

The company has a market cap of $1,392.56, a PE ratio of 11.21, a PEG ratio of 2.91 and a beta of 0.11. The company has a debt-to-equity ratio of 0.88, a current ratio of 8.25 and a quick ratio of 8.25.



LTC Properties (NYSE:LTC) last released its quarterly earnings results on Thursday, March 1st. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.25). The company had revenue of $41.73 million for the quarter, compared to analyst estimates of $33.28 million. LTC Properties had a net margin of 51.86% and a return on equity of 11.52%. equities research analysts expect that LTC Properties, Inc. will post 3.02 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, June 21st will be paid a $0.19 dividend. The ex-dividend date is Wednesday, June 20th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.53%. LTC Properties’s payout ratio is presently 73.55%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in shares of LTC Properties by 14.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,214,154 shares of the real estate investment trust’s stock worth $52,876,000 after buying an additional 152,673 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of LTC Properties by 4.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 580,158 shares of the real estate investment trust’s stock worth $27,256,000 after purchasing an additional 22,325 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of LTC Properties by 5.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 419,346 shares of the real estate investment trust’s stock worth $18,263,000 after purchasing an additional 22,473 shares during the period. Geode Capital Management LLC raised its holdings in shares of LTC Properties by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 389,958 shares of the real estate investment trust’s stock worth $16,982,000 after purchasing an additional 6,553 shares during the period. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of LTC Properties by 53.2% in the 4th quarter. TIAA CREF Investment Management LLC now owns 212,561 shares of the real estate investment trust’s stock worth $9,257,000 after purchasing an additional 73,845 shares during the period. Hedge funds and other institutional investors own 80.11% of the company’s stock.

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About LTC Properties

LTC is a self-administered real estate investment trust that primarily invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including mezzanine lending. At December 31, 2017, LTC had 202 investments located in 29 states comprising 105 assisted living communities, 96 skilled nursing centers and 1 behavioral health care hospital.

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