Traders sold shares of LTC Properties Inc (NYSE:LTC) on strength during trading on Wednesday. $2.67 million flowed into the stock on the tick-up and $6.30 million flowed out of the stock on the tick-down, for a money net flow of $3.63 million out of the stock. Of all companies tracked, LTC Properties had the 33rd highest net out-flow for the day. LTC Properties traded up $0.57 for the day and closed at $44.57
A number of research analysts recently commented on the company. Zacks Investment Research upgraded LTC Properties from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, August 14th. Cantor Fitzgerald reiterated a “buy” rating and issued a $46.00 price objective (up from $45.00) on shares of LTC Properties in a report on Thursday, August 9th. TheStreet upgraded LTC Properties from a “c+” rating to a “b-” rating in a report on Thursday, June 28th. ValuEngine upgraded LTC Properties from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Stifel Nicolaus set a $43.00 price objective on LTC Properties and gave the company a “hold” rating in a report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.50.
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The firm has a market cap of $1.75 billion, a P/E ratio of 13.95, a P/E/G ratio of 3.67 and a beta of 0.08. The company has a debt-to-equity ratio of 0.81, a current ratio of 8.26 and a quick ratio of 8.26.
LTC Properties (NYSE:LTC) last released its quarterly earnings results on Wednesday, August 8th. The real estate investment trust reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.98. LTC Properties had a return on equity of 16.84% and a net margin of 77.94%. The company had revenue of $33.93 million for the quarter, compared to analysts’ expectations of $34.55 million. As a group, research analysts expect that LTC Properties Inc will post 3.01 EPS for the current fiscal year.
The company also recently declared a oct 18 dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Tuesday, October 23rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, October 22nd. LTC Properties’s dividend payout ratio (DPR) is 73.55%.
Large investors have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. acquired a new stake in shares of LTC Properties in the second quarter valued at $191,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of LTC Properties in the second quarter valued at $201,000. Pitcairn Co. acquired a new stake in shares of LTC Properties in the second quarter valued at $205,000. Janney Montgomery Scott LLC acquired a new stake in shares of LTC Properties in the second quarter valued at $206,000. Finally, Wedbush Securities Inc. acquired a new stake in shares of LTC Properties in the second quarter valued at $218,000. Institutional investors own 75.51% of the company’s stock.
LTC Properties Company Profile (NYSE:LTC)
LTC Properties (NYSE: 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 preferred equity and mezzanine lending. At June 30, 2018, LTC had 199 investments located in 28 states comprising 102 assisted living communities, 96 skilled nursing centers and one behavioral health care hospital.
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