LTC Properties Inc. (NYSE:LTC) received a $55.00 target price from equities research analysts at Cantor Fitzgerald in a note issued to investors on Friday. The firm currently has a a “buy” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s price target would suggest a potential upside of 20.30% from the stock’s current price.

The analysts wrote, “Cantor Fitzgerald Reiterates a Buy Rating on LTC Properties | Analyst Ratings

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Home » Cantor Fitzgerald Reiterates a Buy Rating on LTC Properties”

LTC has been the subject of a number of other research reports. Zacks Investment Research cut LTC Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Mizuho cut LTC Properties from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. in a research note on Monday, July 18th. Finally, Canaccord Genuity lifted their price objective on LTC Properties from $54.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, August 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $53.33.

Analyst Recommendations for LTC Properties (NYSE:LTC)

LTC Properties (NYSE:LTC) opened at 45.72 on Friday. The company has a market cap of $1.79 billion, a P/E ratio of 21.22 and a beta of 0.25. LTC Properties has a 1-year low of $40.02 and a 1-year high of $54.20. The stock’s 50 day moving average price is $49.42 and its 200 day moving average price is $50.15.

LTC Properties (NYSE:LTC) last announced its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.76. The business earned $40.80 million during the quarter, compared to analysts’ expectations of $33.64 million. LTC Properties had a return on equity of 11.71% and a net margin of 52.34%. On average, equities analysts anticipate that LTC Properties will post $3.06 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 22nd will be paid a $0.19 dividend. This represents a $2.28 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Friday, November 18th. LTC Properties’s dividend payout ratio is currently 105.56%.

In related news, Director Timothy Triche sold 2,000 shares of LTC Properties stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $52.13, for a total value of $104,260.00. Following the completion of the sale, the director now owns 36,188 shares of the company’s stock, valued at $1,886,480.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of LTC. WFG Advisors LP raised its stake in shares of LTC Properties by 0.6% in the second quarter. WFG Advisors LP now owns 3,895 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 24 shares during the last quarter. BlackRock Japan Co. Ltd raised its stake in shares of LTC Properties by 1.9% in the second quarter. BlackRock Japan Co. Ltd now owns 2,017 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 37 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of LTC Properties by 0.9% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,307 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 55 shares during the last quarter. Profund Advisors LLC raised its stake in shares of LTC Properties by 0.7% in the second quarter. Profund Advisors LLC now owns 7,678 shares of the real estate investment trust’s stock valued at $397,000 after buying an additional 56 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of LTC Properties by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 8,410 shares of the real estate investment trust’s stock valued at $437,000 after buying an additional 140 shares during the last quarter. 83.93% of the stock is owned by institutional investors.

LTC Properties Company Profile

LTC Properties Inc is a healthcare real estate investment trust. The Company invests in senior housing and long-term care properties through acquisitions, development, mortgage loans and other investments. Its primary senior housing and long term healthcare property types include skilled nursing properties (SNF), assisted living properties (ALF), independent living properties (ILF), memory care properties (MC) and combinations thereof.

5 Day Chart for NYSE:LTC

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