LTC Properties Inc (LTC) Given Consensus Rating of “Hold” by Brokerages

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LTC Properties Inc (NYSE:LTC) has been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $42.25.

LTC has been the subject of several research reports. ValuEngine upgraded LTC Properties from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Zacks Investment Research upgraded LTC Properties from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Wednesday, February 13th.

Shares of LTC Properties stock traded down $0.03 during trading on Friday, hitting $46.18. 122,808 shares of the company were exchanged, compared to its average volume of 218,934. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.97 and a quick ratio of 9.97. LTC Properties has a fifty-two week low of $34.46 and a fifty-two week high of $48.13. The company has a market capitalization of $1.84 billion, a P/E ratio of 15.09, a P/E/G ratio of 3.81 and a beta of 0.49.

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, June 19th. This represents a $2.28 annualized dividend and a dividend yield of 4.94%. LTC Properties’s dividend payout ratio is currently 74.51%.

Several institutional investors have recently modified their holdings of the stock. Cetera Advisor Networks LLC raised its holdings in LTC Properties by 2.0% in the 4th quarter. Cetera Advisor Networks LLC now owns 11,411 shares of the real estate investment trust’s stock valued at $475,000 after acquiring an additional 226 shares during the last quarter. Pitcairn Co. raised its holdings in LTC Properties by 5.3% in the 4th quarter. Pitcairn Co. now owns 5,342 shares of the real estate investment trust’s stock valued at $222,000 after acquiring an additional 271 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in LTC Properties by 2.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 12,141 shares of the real estate investment trust’s stock valued at $506,000 after acquiring an additional 273 shares during the last quarter. Bank of Montreal Can raised its holdings in LTC Properties by 3.5% in the 4th quarter. Bank of Montreal Can now owns 8,362 shares of the real estate investment trust’s stock valued at $349,000 after acquiring an additional 280 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in LTC Properties by 1.6% in the 4th quarter. D.A. Davidson & CO. now owns 18,451 shares of the real estate investment trust’s stock valued at $769,000 after acquiring an additional 284 shares during the last quarter. Hedge funds and other institutional investors own 76.97% of the company’s stock.

About LTC Properties

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 more than 200 investments in 28 states with 30 operating partners.

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