LTC Properties, Inc. (NYSE:LTC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of LTC Properties, Inc. (NYSE:LTC) have received a consensus rating of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $38.60.

Several equities research analysts recently commented on the company. Royal Bank Of Canada boosted their target price on LTC Properties from $37.00 to $38.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Cantor Fitzgerald set a $36.00 price target on LTC Properties in a research report on Monday, January 5th. Weiss Ratings reissued a “hold (c)” rating on shares of LTC Properties in a research note on Monday, December 29th. Finally, Wells Fargo & Company raised their target price on LTC Properties from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th.

LTC Properties Stock Up 0.0%

LTC stock opened at $38.94 on Friday. LTC Properties has a 52 week low of $31.70 and a 52 week high of $40.05. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 54.08 and a beta of 0.62. The firm’s 50-day moving average is $36.26 and its two-hundred day moving average is $35.91. The company has a current ratio of 8.68, a quick ratio of 8.68 and a debt-to-equity ratio of 0.90.

LTC Properties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be given a dividend of $0.19 per share. The ex-dividend date is Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 5.9%. LTC Properties’s dividend payout ratio (DPR) is 316.67%.

Insider Activity

In other LTC Properties news, EVP David M. Boitano bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were acquired at an average cost of $34.44 per share, for a total transaction of $344,400.00. Following the acquisition, the executive vice president directly owned 25,626 shares of the company’s stock, valued at $882,559.44. This trade represents a 64.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its position in shares of LTC Properties by 0.4% during the 4th quarter. Invesco Ltd. now owns 217,954 shares of the real estate investment trust’s stock valued at $7,493,000 after acquiring an additional 850 shares during the last quarter. Caitlin John LLC acquired a new position in shares of LTC Properties in the 4th quarter worth $168,000. EP Wealth Advisors LLC acquired a new stake in shares of LTC Properties during the fourth quarter worth $201,000. Voloridge Investment Management LLC lifted its holdings in shares of LTC Properties by 53.3% during the fourth quarter. Voloridge Investment Management LLC now owns 38,065 shares of the real estate investment trust’s stock valued at $1,309,000 after purchasing an additional 13,238 shares during the last quarter. Finally, Susquehanna Portfolio Strategies LLC acquired a new position in shares of LTC Properties in the 4th quarter valued at $436,000. Institutional investors and hedge funds own 69.25% of the company’s stock.

LTC Properties Company Profile

LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that specializes in financing and investing in long-term health care properties. The company focuses on providing capital to operators of senior housing and health care facilities through sale-leaseback transactions, mortgage financings and structured finance arrangements. Its portfolio primarily comprises skilled nursing facilities, assisted living communities and memory care centers.

Since its founding in 1992, LTC Properties has built a diversified portfolio of properties located across the United States.