LTC Properties (LTC) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of LTC Properties (NYSE:LTC) from a hold rating to a buy rating in a report released on Friday morning.

Several other analysts also recently issued reports on the company. Zacks Investment Research upgraded LTC Properties from a sell rating to a hold rating in a report on Saturday, November 10th. BMO Capital Markets reiterated a sell rating and issued a $40.00 price target on shares of LTC Properties in a report on Thursday, December 6th. Finally, Royal Bank of Canada reiterated a sell rating and issued a $40.00 price target on shares of LTC Properties in a report on Tuesday, November 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $43.00.

LTC stock opened at $47.66 on Friday. The firm has a market cap of $1.89 billion, a PE ratio of 15.37, a PEG ratio of 3.87 and a beta of 0.50. The company has a debt-to-equity ratio of 0.81, a current ratio of 8.91 and a quick ratio of 8.91. LTC Properties has a 52 week low of $34.46 and a 52 week high of $47.68.

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 28th. Stockholders of record on Wednesday, February 20th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, February 19th. This represents a $2.28 annualized dividend and a dividend yield of 4.78%. LTC Properties’s dividend payout ratio is presently 73.55%.

Several institutional investors have recently made changes to their positions in LTC. We Are One Seven LLC acquired a new stake in shares of LTC Properties during the fourth quarter valued at about $27,000. Quantamental Technologies LLC acquired a new stake in shares of LTC Properties during the fourth quarter valued at about $28,000. Macroview Investment Management LLC acquired a new stake in shares of LTC Properties during the fourth quarter valued at about $33,000. Dubuque Bank & Trust Co. grew its stake in shares of LTC Properties by 665.0% during the fourth quarter. Dubuque Bank & Trust Co. now owns 1,224 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,064 shares in the last quarter. Finally, Private Capital Group LLC grew its stake in shares of LTC Properties by 28.5% during the fourth quarter. Private Capital Group LLC now owns 1,524 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 338 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

About LTC Properties

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for LTC Properties (NYSE:LTC)

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