LTC Properties Inc (NYSE:LTC) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $42.00.
Several research firms recently commented on LTC. Zacks Investment Research upgraded shares of LTC Properties from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, August 14th. BMO Capital Markets reiterated a “sell” rating and set a $40.00 price objective on shares of LTC Properties in a research note on Thursday. ValuEngine upgraded shares of LTC Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, Royal Bank of Canada reiterated a “sell” rating and set a $40.00 price objective on shares of LTC Properties in a research note on Tuesday, November 20th.
Institutional investors have recently modified their holdings of the business. Stratos Wealth Partners LTD. acquired a new position in LTC Properties during the 3rd quarter valued at approximately $106,000. Advisory Services Network LLC increased its stake in LTC Properties by 11,804.8% during the 3rd quarter. Advisory Services Network LLC now owns 2,500 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 2,479 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in LTC Properties during the 2nd quarter valued at approximately $191,000. Sawtooth Solutions LLC acquired a new position in LTC Properties during the 3rd quarter valued at approximately $201,000. Finally, Pitcairn Co. acquired a new position in LTC Properties during the 2nd quarter valued at approximately $205,000. Institutional investors and hedge funds own 75.29% of the company’s stock.
LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.88 EPS for the quarter, topping the consensus estimate of $0.75 by $0.13. The firm had revenue of $34.21 million during the quarter, compared to analyst estimates of $34.12 million. LTC Properties had a net margin of 86.31% and a return on equity of 18.31%. On average, equities research analysts anticipate that LTC Properties will post 3.02 earnings per share for the current fiscal year.
The business also recently declared a dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 21st will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, December 20th. LTC Properties’s payout ratio is 73.55%.
LTC Properties Company Profile
LTC is a self-administered real estate investment trust that primarily invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including mezzanine lending. At September 30, 2018, LTC had 199 investments located in 28 states, comprising 103 assisted living communities, 95 skilled nursing centers and 1 behavioral health care hospital.
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