Analysts Set LTC Properties, Inc. (NYSE:LTC) Price Target at $34.13

Shares of LTC Properties, Inc. (NYSE:LTC) have earned an average recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $33.86.

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of LTC Properties in a report on Tuesday, January 30th. They issued a “hold” rating and a $34.00 price target on the stock.

LTC Properties Price Performance

Shares of LTC stock opened at $31.69 on Friday. The company has a market capitalization of $1.37 billion, a PE ratio of 14.67 and a beta of 0.87. The firm has a fifty day simple moving average of $31.90 and a 200-day simple moving average of $32.08. The company has a current ratio of 13.29, a quick ratio of 13.29 and a debt-to-equity ratio of 0.97. LTC Properties has a twelve month low of $30.30 and a twelve month high of $35.72.

LTC Properties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 20th will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, June 20th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.19%. LTC Properties’s dividend payout ratio (DPR) is 105.56%.

Insiders Place Their Bets

In other LTC Properties news, Director Timothy Triche sold 3,082 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $31.67, for a total transaction of $97,606.94. Following the sale, the director now directly owns 36,343 shares of the company’s stock, valued at $1,150,982.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LTC Properties

Several institutional investors have recently modified their holdings of the company. State of Tennessee Treasury Department grew its position in shares of LTC Properties by 1.1% during the fourth quarter. State of Tennessee Treasury Department now owns 28,470 shares of the real estate investment trust’s stock worth $1,012,000 after acquiring an additional 313 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of LTC Properties by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 40,058 shares of the real estate investment trust’s stock worth $1,287,000 after acquiring an additional 317 shares during the last quarter. Sigma Planning Corp grew its position in shares of LTC Properties by 4.0% during the third quarter. Sigma Planning Corp now owns 8,470 shares of the real estate investment trust’s stock worth $272,000 after acquiring an additional 327 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in LTC Properties by 3.3% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,274 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 355 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its position in LTC Properties by 3.6% in the 4th quarter. Advisor Group Holdings Inc. now owns 10,662 shares of the real estate investment trust’s stock valued at $378,000 after buying an additional 366 shares in the last quarter. Institutional investors own 69.25% of the company’s stock.

LTC Properties Company Profile

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 201 properties in 26 states with 29 operating partners.