Somewhat Positive Media Coverage Somewhat Unlikely to Affect LTC Properties (LTC) Stock Price
News coverage about LTC Properties (NYSE:LTC) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LTC Properties earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 44.7679090812271 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- LTC Properties, Inc. (LTC) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- Technical Indicators Check on Shares of LTC Properties Inc (LTC) – Bulletin News (orobulletin.com)
- Ford Motor Company (F) is at $10.71 per share and LTC Properties, Inc. (LTC) is listed at $48.16 – Stocks Gallery (stocksgallery.com)
- LTC Properties, Inc. (LTC) Ownership Increased by Vanguard Group Inc – Modern Readers (modernreaders.com)
- LTC Properties, Inc. : LTC-US: Dividend Analysis : August 23rd, 2017 (record date) : By the numbers : August 25, 2017 (finance.yahoo.com)
LTC has been the topic of a number of recent analyst reports. BidaskClub raised shares of LTC Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Canaccord Genuity reissued a “buy” rating and issued a $58.00 price target on shares of LTC Properties in a research report on Tuesday, May 9th. Stifel Nicolaus reissued a “hold” rating and issued a $50.00 price target on shares of LTC Properties in a research report on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating and issued a $50.00 price target on shares of LTC Properties in a research report on Tuesday, June 27th. Finally, Zacks Investment Research raised shares of LTC Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. LTC Properties currently has a consensus rating of “Hold” and an average price target of $50.60.
Shares of LTC Properties (NYSE LTC) traded down 0.40% during midday trading on Wednesday, hitting $47.88. 22,928 shares of the stock traded hands. The firm’s 50 day moving average price is $49.82 and its 200 day moving average price is $48.58. LTC Properties has a 12-month low of $43.17 and a 12-month high of $54.20. The company has a market capitalization of $1.89 billion, a PE ratio of 21.05 and a beta of 0.12.
LTC Properties (NYSE:LTC) last issued its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The firm had revenue of $42.47 million for the quarter, compared to analyst estimates of $35.08 million. LTC Properties had a return on equity of 11.99% and a net margin of 53.36%. Analysts expect that LTC Properties will post $2.19 EPS for the current year.
The company also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd will be paid a $0.19 dividend. The ex-dividend date is Monday, August 21st. This represents a $2.28 annualized dividend and a dividend yield of 4.74%. LTC Properties’s payout ratio is presently 100.00%.
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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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