LTC Properties, Inc. (NYSE:LTC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of LTC Properties, Inc. (NYSE:LTC) have been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $36.33.

A number of analysts recently commented on the stock. TheStreet upgraded shares of LTC Properties from a “c+” rating to a “b-” rating in a report on Friday, December 4th. Berenberg Bank lowered shares of LTC Properties from a “buy” rating to a “hold” rating in a report on Wednesday, December 2nd. Zacks Investment Research lowered shares of LTC Properties from a “hold” rating to a “sell” rating in a report on Saturday, December 19th. Finally, Mizuho boosted their price target on shares of LTC Properties from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, February 9th.

NYSE LTC opened at $41.58 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 10.28 and a quick ratio of 10.28. The company’s 50 day simple moving average is $40.28 and its 200 day simple moving average is $37.61. LTC Properties has a 12 month low of $24.49 and a 12 month high of $50.50. The company has a market capitalization of $1.63 billion, a P/E ratio of 18.32 and a beta of 0.89.

LTC Properties (NYSE:LTC) last released its earnings results on Thursday, February 18th. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). LTC Properties had a return on equity of 11.41% and a net margin of 56.46%. On average, analysts anticipate that LTC Properties will post 2.92 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Tuesday, March 23rd will be given a $0.19 dividend. This represents a $2.28 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend is Monday, March 22nd. LTC Properties’s dividend payout ratio is 74.03%.

A number of hedge funds have recently bought and sold shares of the business. State of Tennessee Treasury Department grew its position in LTC Properties by 1.2% in the third quarter. State of Tennessee Treasury Department now owns 23,664 shares of the real estate investment trust’s stock worth $825,000 after acquiring an additional 274 shares in the last quarter. Adams Wealth Management boosted its holdings in shares of LTC Properties by 1.8% during the 3rd quarter. Adams Wealth Management now owns 21,048 shares of the real estate investment trust’s stock worth $734,000 after buying an additional 364 shares during the period. Van ECK Associates Corp boosted its holdings in shares of LTC Properties by 33.2% during the 4th quarter. Van ECK Associates Corp now owns 1,562 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 389 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of LTC Properties by 0.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 89,719 shares of the real estate investment trust’s stock worth $3,128,000 after buying an additional 692 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of LTC Properties by 3.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 23,017 shares of the real estate investment trust’s stock worth $896,000 after buying an additional 755 shares during the period. 74.14% of the stock is owned by institutional investors.

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 holds 181 investments in 27 states with 29 operating partners.

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Analyst Recommendations for LTC Properties (NYSE:LTC)

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