LTC Properties (NYSE:LTC) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of LTC Properties (NYSE:LTC – Get Rating) in a report released on Thursday morning. The brokerage issued a hold rating on the real estate investment trust’s stock.

A number of other equities analysts also recently commented on the stock. Royal Bank of Canada boosted their target price on shares of LTC Properties from $37.00 to $40.00 and gave the stock an outperform rating in a research note on Wednesday, March 1st. BMO Capital Markets downgraded shares of LTC Properties from a market perform rating to an underperform rating and set a $38.00 target price for the company. in a research note on Friday, December 16th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $40.14.

LTC Properties Stock Performance

Shares of LTC stock opened at $33.20 on Thursday. The company has a current ratio of 13.87, a quick ratio of 13.87 and a debt-to-equity ratio of 0.90. The firm has a fifty day moving average price of $36.54 and a 200 day moving average price of $38.00. The company has a market cap of $1.37 billion, a P/E ratio of 13.39 and a beta of 0.95. LTC Properties has a 12 month low of $32.23 and a 12 month high of $45.49.

LTC Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Shareholders of record on Thursday, March 23rd will be paid a $0.19 dividend. The ex-dividend date is Wednesday, March 22nd. This represents a $2.28 annualized dividend and a yield of 6.87%. LTC Properties’s dividend payout ratio is presently 91.94%.

Hedge Funds Weigh In On LTC Properties

Several large investors have recently bought and sold shares of LTC. American Century Companies Inc. boosted its stake in LTC Properties by 10.5% in the first quarter. American Century Companies Inc. now owns 12,341 shares of the real estate investment trust’s stock valued at $475,000 after acquiring an additional 1,174 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in shares of LTC Properties during the first quarter worth about $247,000. PNC Financial Services Group Inc. boosted its stake in shares of LTC Properties by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,152 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 1,016 shares during the period. MetLife Investment Management LLC boosted its stake in shares of LTC Properties by 35.7% during the first quarter. MetLife Investment Management LLC now owns 20,498 shares of the real estate investment trust’s stock worth $789,000 after buying an additional 5,390 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of LTC Properties by 2.7% during the first quarter. Rhumbline Advisers now owns 121,285 shares of the real estate investment trust’s stock worth $4,666,000 after buying an additional 3,154 shares during the period. Institutional investors and hedge funds own 72.68% of the company’s stock.

LTC Properties Company Profile

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LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.