LTC Properties, Inc. (NYSE:LTC) Given Consensus Recommendation of "Hold" by Analysts

Shares of LTC Properties, Inc. (NYSE:LTC - Get Free Report) have earned an average recommendation of "Hold" from the six brokerages that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $34.13.

Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of LTC Properties in a research note on Tuesday, January 30th. They issued a "hold" rating and a $34.00 target price for the company.

Insider Activity at LTC Properties

In related news, Director Timothy Triche sold 3,082 shares of the firm's stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $31.67, for a total value of $97,606.94. Following the completion of the transaction, the director now owns 36,343 shares of the company's stock, valued at $1,150,982.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LTC. Money Concepts Capital Corp lifted its stake in LTC Properties by 3,395.0% in the fourth quarter. Money Concepts Capital Corp now owns 699 shares of the real estate investment trust's stock valued at $25,000 after acquiring an additional 679 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of LTC Properties during the 4th quarter worth about $26,000. GAMMA Investing LLC bought a new position in LTC Properties during the fourth quarter worth about $28,000. Point72 Hong Kong Ltd bought a new position in LTC Properties during the second quarter worth about $41,000. Finally, FMR LLC increased its position in LTC Properties by 73.3% during the third quarter. FMR LLC now owns 1,168 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 494 shares during the period. Institutional investors own 69.25% of the company's stock.

LTC Properties Trading Down 1.0 %

NYSE:LTC traded down $0.31 during trading hours on Friday, hitting $31.62. The stock had a trading volume of 388,710 shares, compared to its average volume of 315,552. LTC Properties has a one year low of $30.30 and a one year high of $35.72. The company has a debt-to-equity ratio of 0.97, a quick ratio of 13.29 and a current ratio of 13.29. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 14.64 and a beta of 0.87. The business's 50 day moving average is $31.81 and its 200-day moving average is $32.10.

LTC Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 20th will be given a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 7.21%. The ex-dividend date is Thursday, June 20th. LTC Properties's dividend payout ratio is 105.56%.

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's investment portfolio includes 201 properties in 26 states with 29 operating partners.