LTC Properties (LTC) – Investment Analysts’ Weekly Ratings Changes

LTC Properties (NYSE: LTC) recently received a number of ratings updates from brokerages and research firms:

  • 5/3/2022 – 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. “
  • 4/26/2022 – LTC Properties is now covered by analysts at Barclays PLC. They set an “underweight” rating and a $30.00 price target on the stock.
  • 4/26/2022 – 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. “
  • 4/20/2022 – 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. “
  • 4/13/2022 – 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. “
  • 4/1/2022 – LTC Properties had its price target raised by analysts at Credit Suisse Group AG from $35.00 to $38.00. They now have a “neutral” rating on the stock.
  • 3/31/2022 – LTC Properties is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 3/14/2022 – LTC Properties was upgraded by analysts at Royal Bank of Canada from an “underperform” rating to a “sector perform” rating. They now have a $37.00 price target on the stock, up previously from $34.00.

NYSE LTC opened at $35.16 on Monday. The company has a current ratio of 15.55, a quick ratio of 15.55 and a debt-to-equity ratio of 1.03. The stock’s 50 day moving average is $36.08 and its two-hundred day moving average is $34.75. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 24.76 and a beta of 0.97. LTC Properties, Inc. has a 1-year low of $31.36 and a 1-year high of $41.60.

LTC Properties (NYSE:LTCGet Rating) last posted its earnings results on Thursday, April 28th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.26). LTC Properties had a net margin of 36.03% and a return on equity of 7.48%. The firm had revenue of $40.80 million during the quarter, compared to the consensus estimate of $37.08 million. During the same quarter last year, the firm posted $0.62 EPS. The business’s revenue was up 1.2% on a year-over-year basis. On average, analysts predict that LTC Properties, Inc. will post 2.54 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 22nd will be paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date of this dividend is Tuesday, June 21st. LTC Properties’s dividend payout ratio (DPR) is currently 160.56%.

Large investors have recently bought and sold shares of the company. Tudor Investment Corp Et Al raised its stake in shares of LTC Properties by 55.0% in the third quarter. Tudor Investment Corp Et Al now owns 77,776 shares of the real estate investment trust’s stock valued at $2,465,000 after acquiring an additional 27,610 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of LTC Properties by 1.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 31,870 shares of the real estate investment trust’s stock valued at $1,088,000 after acquiring an additional 400 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of LTC Properties by 7.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 82,028 shares of the real estate investment trust’s stock valued at $2,800,000 after acquiring an additional 5,381 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its position in LTC Properties by 89.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 14,300 shares of the real estate investment trust’s stock worth $454,000 after purchasing an additional 6,770 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in LTC Properties in the 3rd quarter worth approximately $201,000. Institutional investors own 72.14% of the company’s stock.

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 181 investments in 27 states with 29 operating partners.

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