LTC Properties Inc (NYSE:LTC) has earned a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $40.17.

Several research firms have weighed in on LTC. Zacks Investment Research lowered H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday. Credit Suisse Group began coverage on LTC Properties in a research report on Wednesday, July 10th. They set an “underperform” rating and a $19.00 price target on the stock.

In other news, Director Timothy Triche sold 2,800 shares of LTC Properties stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $46.15, for a total transaction of $129,220.00. Following the completion of the transaction, the director now directly owns 36,362 shares in the company, valued at approximately $1,678,106.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of LTC. Norges Bank bought a new position in shares of LTC Properties during the 4th quarter worth approximately $21,421,000. Northern Trust Corp boosted its stake in shares of LTC Properties by 31.5% during the 4th quarter. Northern Trust Corp now owns 936,253 shares of the real estate investment trust’s stock worth $39,024,000 after acquiring an additional 224,162 shares during the period. Nuveen Asset Management LLC bought a new position in shares of LTC Properties during the 4th quarter worth approximately $5,678,000. Deutsche Bank AG boosted its stake in shares of LTC Properties by 111.5% during the 4th quarter. Deutsche Bank AG now owns 176,776 shares of the real estate investment trust’s stock worth $7,366,000 after acquiring an additional 93,195 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of LTC Properties by 1,596.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 91,393 shares of the real estate investment trust’s stock worth $4,186,000 after acquiring an additional 86,007 shares during the period. Institutional investors own 76.02% of the company’s stock.

Shares of NYSE:LTC traded down $0.78 during trading on Tuesday, hitting $46.64. 215,519 shares of the company were exchanged, compared to its average volume of 242,250. The stock has a market capitalization of $1.85 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 3.85 and a beta of 0.44. LTC Properties has a fifty-two week low of $40.11 and a fifty-two week high of $48.13. The firm has a fifty day simple moving average of $46.02. The company has a current ratio of 10.41, a quick ratio of 10.41 and a debt-to-equity ratio of 0.86.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.23). The company had revenue of $28.02 million for the quarter, compared to analyst estimates of $33.02 million. LTC Properties had a return on equity of 19.07% and a net margin of 95.25%. As a group, sell-side analysts predict that LTC Properties will post 3.03 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 23rd will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, July 22nd. This represents a $2.28 annualized dividend and a dividend yield of 4.89%. LTC Properties’s dividend payout ratio is currently 74.51%.

About LTC Properties

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 more than 200 investments in 28 states with 30 operating partners.

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Analyst Recommendations for LTC Properties (NYSE:LTC)

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