News headlines about LTC Properties (NYSE:LTC) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LTC Properties earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.6336801689938 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of brokerages recently issued reports on LTC. ValuEngine lowered shares of LTC Properties from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of 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. Royal Bank of Canada set a $43.00 target price on shares of LTC Properties and gave the company a “hold” rating in a research report on Tuesday, March 6th. Mizuho decreased their target price on shares of LTC Properties from $51.00 to $41.00 and set a “neutral” rating for the company in a research report on Monday, March 5th. Finally, Stifel Nicolaus set a $40.00 target price on shares of LTC Properties and gave the company a “hold” rating in a research report on Thursday, March 1st. One 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’s stock. LTC Properties presently has an average rating of “Hold” and a consensus price target of $46.88.
LTC Properties (NYSE LTC) opened at $38.75 on Tuesday. The stock has a market cap of $1,549.09, a PE ratio of 17.61, a P/E/G ratio of 3.23 and a beta of 0.17. 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 has a 12-month low of $36.90 and a 12-month high of $52.85.
LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Thursday, March 1st. The real estate investment trust reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.25). LTC Properties had a net margin of 51.86% and a return on equity of 11.52%. The business had revenue of $41.73 million during the quarter, compared to analyst estimates of $33.28 million. equities analysts forecast that LTC Properties will post 3.02 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th were issued a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date was Friday, February 16th. LTC Properties’s payout ratio is 103.64%.
In other LTC Properties news, Director James Pieczynski purchased 2,000 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was bought at an average cost of $43.60 per share, with a total value of $87,200.00. Following the acquisition, the director now owns 17,974 shares of the company’s stock, valued at $783,666.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy Triche sold 2,720 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $43.35, for a total transaction of $117,912.00. Following the completion of the sale, the director now directly owns 34,656 shares of the company’s stock, valued at $1,502,337.60. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by corporate insiders.
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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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