LTC Properties (NYSE:LTC) Now Covered by Analysts at StockNews.com

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

A number of other research analysts have also recently issued reports on LTC. BMO Capital Markets cut 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 report on Friday, December 16th. Royal Bank of Canada increased their target price on shares of LTC Properties from $37.00 to $40.00 and gave the company an outperform rating in a report on Wednesday, March 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $40.14.

LTC Properties Trading Down 2.8 %

Shares of LTC Properties stock opened at $33.20 on Thursday. LTC Properties has a 12-month low of $32.23 and a 12-month high of $45.49. 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 stock has a market cap of $1.37 billion, a PE ratio of 13.39 and a beta of 0.95. The company has a 50-day moving average of $36.54 and a two-hundred day moving average of $38.00.

LTC Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Stockholders of record on Thursday, March 23rd will be paid a dividend of $0.19 per share. The ex-dividend date is Wednesday, March 22nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.87%. LTC Properties’s dividend payout ratio (DPR) is 91.94%.

Institutional Trading of LTC Properties

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its position in LTC Properties by 0.5% during the third quarter. BlackRock Inc. now owns 7,319,683 shares of the real estate investment trust’s stock worth $274,121,000 after acquiring an additional 34,047 shares during the last quarter. Vanguard Group Inc. boosted its position in LTC Properties by 1.9% during the third quarter. Vanguard Group Inc. now owns 6,551,223 shares of the real estate investment trust’s stock worth $245,344,000 after acquiring an additional 124,823 shares during the last quarter. State Street Corp boosted its position in LTC Properties by 5.9% during the second quarter. State Street Corp now owns 3,741,901 shares of the real estate investment trust’s stock worth $143,652,000 after acquiring an additional 208,011 shares during the last quarter. Geode Capital Management LLC boosted its position in LTC Properties by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 834,612 shares of the real estate investment trust’s stock worth $29,653,000 after acquiring an additional 39,602 shares during the last quarter. Finally, Northern Trust Corp boosted its position in LTC Properties by 20.3% during the second quarter. Northern Trust Corp now owns 626,109 shares of the real estate investment trust’s stock worth $24,037,000 after acquiring an additional 105,704 shares during the last quarter. Institutional investors and hedge funds own 72.68% of the company’s stock.

About LTC Properties

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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.