News articles about LTC Properties (NYSE:LTC) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. LTC Properties earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 44.968066013135 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- KeyCorp Reiterates “Hold” Rating for LTC Properties, Inc. (LTC) (americanbankingnews.com)
- Does LTC Properties Inc’s (LTC) PE Ratio Signal A Buying Opportunity? (finance.yahoo.com)
- Watching the Tape Move for LTC Properties Inc (LTC) – Newburgh Gazette (newburghgazette.com)
- Financial Review: Global Medical REIT (GMRE) versus LTC Properties (LTC) (americanbankingnews.com)
Shares of LTC Properties (LTC) traded up 0.16% during midday trading on Friday, hitting $48.93. The company had a trading volume of 381,801 shares. LTC Properties has a 12-month low of $43.17 and a 12-month high of $53.08. The firm has a market capitalization of $1.94 billion, a P/E ratio of 21.51 and a beta of 0.15. The firm’s 50-day moving average is $48.91 and its 200-day moving average is $48.77.
LTC Properties (NYSE:LTC) last released its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. The company had revenue of $42.47 million for the quarter, compared to analyst estimates of $35.08 million. LTC Properties had a return on equity of 11.99% and a net margin of 53.36%. On average, analysts predict that LTC Properties will post $2.18 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which was paid on Thursday, August 31st. Investors of record on Wednesday, August 23rd were issued a dividend of $0.19 per share. The ex-dividend date was Monday, August 21st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.66%. LTC Properties’s payout ratio is presently 100.00%.
A number of equities analysts recently weighed in on the company. Stifel Nicolaus set a $46.00 price target on LTC Properties and gave the stock a “hold” rating in a research note on Sunday, August 13th. KeyCorp reaffirmed a “hold” rating on shares of LTC Properties in a research note on Sunday. Zacks Investment Research raised LTC Properties from a “sell” rating to a “hold” rating in a research note on Thursday. BMO Capital Markets cut LTC Properties from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $50.00 to $44.00 in a research note on Friday, August 11th. Finally, BidaskClub cut LTC Properties from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $50.60.
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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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