Investment Analysts’ Recent Ratings Updates for LTC Properties (LTC)

Several brokerages have updated their recommendations and price targets on shares of LTC Properties (NYSE: LTC) in the last few weeks:

  • 3/17/2017 – LTC Properties was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “LTC Properties, Inc., a health care real estate investment trust, invests primarily in long-term care and other health care related facilities through mortgage loans, facility lease transactions and other investments. Their primary objectives are to sustain and enhance stockholder equity value and provide current income for distribution to stockholders through real estate investments in long-term care facilities and other health care related facilities managed by experienced operators providing quality care. “
  • 3/10/2017 – LTC Properties was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “LTC Properties, Inc., a health care real estate investment trust, invests primarily in long-term care and other health care related facilities through mortgage loans, facility lease transactions and other investments. Their primary objectives are to sustain and enhance stockholder equity value and provide current income for distribution to stockholders through real estate investments in long-term care facilities and other health care related facilities managed by experienced operators providing quality care. “
  • 2/28/2017 – LTC Properties was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “LTC Properties, Inc., a health care real estate investment trust, invests primarily in long-term care and other health care related facilities through mortgage loans, facility lease transactions and other investments. Their primary objectives are to sustain and enhance stockholder equity value and provide current income for distribution to stockholders through real estate investments in long-term care facilities and other health care related facilities managed by experienced operators providing quality care. “
  • 2/27/2017 – LTC Properties had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $55.00 price target on the stock.

LTC Properties Inc (NYSE:LTC) traded down 1.12% during midday trading on Monday, hitting $45.99. The stock had a trading volume of 273,045 shares. LTC Properties Inc has a 1-year low of $43.17 and a 1-year high of $54.20. The stock has a market capitalization of $1.82 billion, a PE ratio of 20.86 and a beta of 0.19. The stock’s 50-day moving average is $46.56 and its 200-day moving average is $47.87.

LTC Properties (NYSE:LTC) last issued its earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.24. LTC Properties had a return on equity of 11.71% and a net margin of 52.34%. On average, equities research analysts anticipate that LTC Properties Inc will post $2.19 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Friday, March 31st. Shareholders of record on Thursday, March 23rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, March 21st. This represents a $2.28 dividend on an annualized basis and a yield of 4.96%. LTC Properties’s payout ratio is currently 105.56%.

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).

5 Day Chart for NYSE:LTC

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