Headlines about LTC Properties (NYSE:LTC) have been trending somewhat positive on Saturday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. LTC Properties earned a news impact score of 0.06 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.7600174190135 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Republican CFTC commissioner on crypto regulation (finance.yahoo.com)
- LTC Properties Inc Expected to Post FY2018 Earnings of $3.00 Per Share (LTC) (americanbankingnews.com)
- Capital One Financial Comments on LTC Properties Inc’s Q1 2018 Earnings (LTC) (americanbankingnews.com)
- Royal Bank of Canada Reiterates “$43.00” Price Target for LTC Properties (LTC) (americanbankingnews.com)
- LTC Properties (LTC) PT Lowered to $41.00 (americanbankingnews.com)
LTC Properties (LTC) opened at $39.38 on Friday. The stock has a market capitalization of $1,547.90, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 3.17 and a beta of 0.17. LTC Properties has a twelve month low of $36.90 and a twelve month high of $52.85. The company has a current ratio of 8.25, a quick ratio of 8.25 and a debt-to-equity ratio of 0.88.
A number of research firms have weighed in on LTC. Mizuho decreased their target price on shares of LTC Properties from $51.00 to $41.00 and set a “neutral” rating for the company in a research report on Monday, March 5th. Stifel Nicolaus set a $40.00 target price on shares of LTC Properties and gave the company a “hold” rating in a research report on Thursday, March 1st. ValuEngine downgraded shares of LTC Properties from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. TheStreet downgraded shares of LTC Properties from a “b-” rating to a “c+” rating in a research report on Tuesday, February 27th. Finally, Zacks Investment Research downgraded shares of LTC Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $46.88.
In other LTC Properties news, Director James Pieczynski purchased 2,000 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were purchased at an average cost of $43.60 per share, for a total transaction of $87,200.00. Following the acquisition, the director now owns 17,974 shares of the company’s stock, valued at $783,666.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Timothy Triche sold 2,720 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $43.35, for a total value of $117,912.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,727 shares of company stock worth $436,470 over the last 90 days. Company insiders own 1.50% of the company’s stock.
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About LTC Properties
LTC Properties Inc is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. It invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC).
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