LTC Properties Inc (NYSE:LTC) Director James Pieczynski acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was purchased at an average price of $43.60 per share, for a total transaction of $87,200.00. Following the purchase, the director now owns 17,974 shares of the company’s stock, valued at approximately $783,666.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
LTC Properties Inc (NYSE:LTC) traded down $0.88 during midday trading on Thursday, hitting $41.20. The company had a trading volume of 692,700 shares, compared to its average volume of 321,343. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $1,630.00, a PE ratio of 18.56, a PEG ratio of 3.40 and a beta of 0.18. LTC Properties Inc has a 12 month low of $40.65 and a 12 month high of $52.85.
LTC Properties (NYSE:LTC) last posted its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.26. LTC Properties had a return on equity of 11.69% and a net margin of 52.18%. The company had revenue of $41.25 million for the quarter, compared to analysts’ expectations of $32.91 million. During the same period last year, the firm earned $0.57 earnings per share. equities analysts anticipate that LTC Properties Inc will post 3.08 EPS for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th will be issued a $0.19 dividend. The ex-dividend date is Friday, February 16th. This represents a $2.28 annualized dividend and a yield of 5.53%. LTC Properties’s dividend payout ratio (DPR) is presently 102.70%.
Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its holdings in shares of LTC Properties by 12.8% during the second quarter. PNC Financial Services Group Inc. now owns 2,037 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 231 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of LTC Properties during the third quarter valued at approximately $139,000. Riverhead Capital Management LLC increased its position in shares of LTC Properties by 91.5% during the second quarter. Riverhead Capital Management LLC now owns 3,064 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 1,464 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in LTC Properties by 6.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,456 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 200 shares during the period. Finally, Neuberger Berman Group LLC bought a new stake in LTC Properties in the 2nd quarter worth approximately $202,000. Institutional investors and hedge funds own 77.52% of the company’s stock.
Several research firms have issued reports on LTC. KeyCorp restated a “hold” rating on shares of LTC Properties in a research report on Sunday, September 17th. Zacks Investment Research upgraded LTC Properties from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. Royal Bank of Canada restated a “hold” rating and set a $48.00 target price on shares of LTC Properties in a research report on Monday, October 23rd. BMO Capital Markets reiterated a “sell” rating and issued a $44.00 price objective on shares of LTC Properties in a research report on Wednesday, October 18th. Finally, Capital One Financial started coverage on LTC Properties in a research report on Monday, September 25th. They issued an “overweight” rating and a $50.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. LTC Properties has a consensus rating of “Hold” and a consensus target price of $49.71.
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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