Shares of LTC Properties Inc (NYSE:LTC) have been given a consensus recommendation of “Hold” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $42.25.

LTC has been the topic of a number of analyst reports. Cantor Fitzgerald restated a “buy” rating and set a $46.00 target price (up previously from $45.00) on shares of LTC Properties in a research note on Thursday, August 9th. Zacks Investment Research upgraded shares of LTC Properties from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, August 14th. ValuEngine upgraded shares of LTC Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, Stifel Nicolaus set a $43.00 price target on shares of LTC Properties and gave the stock a “hold” rating in a research note on Thursday, August 9th.

Shares of LTC traded down $0.11 during trading hours on Thursday, reaching $45.55. 146,031 shares of the stock traded hands, compared to its average volume of 236,371. The company has a debt-to-equity ratio of 0.81, a quick ratio of 8.91 and a current ratio of 8.91. LTC Properties has a 52-week low of $34.46 and a 52-week high of $49.59. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 3.79 and a beta of 0.10.

LTC Properties (NYSE:LTC) last released its earnings results on Monday, November 5th. The real estate investment trust reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13. LTC Properties had a net margin of 86.31% and a return on equity of 18.31%. The company had revenue of $34.21 million for the quarter, compared to analysts’ expectations of $34.12 million. On average, equities research analysts predict that LTC Properties will post 3.01 earnings per share for the current year.

The business also recently declared a dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 21st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. LTC Properties’s payout ratio is currently 73.55%.

Hedge funds have recently made changes to their positions in the business. Stratos Wealth Partners LTD. purchased a new stake in LTC Properties in the 3rd quarter worth $106,000. Advisory Services Network LLC raised its position in shares of LTC Properties by 11,804.8% during the 3rd quarter. Advisory Services Network LLC now owns 2,500 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 2,479 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of LTC Properties during the 2nd quarter valued at about $191,000. Sawtooth Solutions LLC purchased a new stake in shares of LTC Properties during the 3rd quarter valued at about $201,000. Finally, Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of LTC Properties during the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 75.62% of the company’s stock.

About LTC Properties

LTC Properties (NYSE: LTC) is a self-administered real estate investment trust that primarily invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including preferred equity and mezzanine lending. At June 30, 2018, LTC had 199 investments located in 28 states comprising 102 assisted living communities, 96 skilled nursing centers and one behavioral health care hospital.

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Analyst Recommendations for LTC Properties (NYSE:LTC)

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