Somewhat Positive News Coverage Somewhat Unlikely to Affect LTC Properties (LTC) Share Price
News articles about LTC Properties (NYSE:LTC) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. LTC Properties earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 42.6988433351151 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of LTC Properties (LTC) opened at $45.33 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 8.66 and a current ratio of 8.66. LTC Properties has a one year low of $44.91 and a one year high of $52.85. The firm has a market cap of $1,793.75, a P/E ratio of 14.58, a P/E/G ratio of 3.68 and a beta of 0.16.
LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.26. The company had revenue of $41.25 million for the quarter, compared to analyst estimates of $32.91 million. LTC Properties had a net margin of 52.18% and a return on equity of 11.69%. During the same period in the prior year, the firm posted $0.57 earnings per share. analysts predict that LTC Properties will post 3.08 EPS for the current fiscal year.
The business also recently declared a monthly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, November 21st. This represents a $2.28 annualized dividend and a yield of 5.03%. LTC Properties’s dividend payout ratio is currently 102.24%.
LTC has been the topic of a number of recent research reports. Stifel Nicolaus set a $46.00 target price on shares of LTC Properties and gave the stock a “hold” rating in a research note on Sunday, August 13th. Zacks Investment Research upgraded shares of LTC Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. KeyCorp restated a “hold” rating on shares of LTC Properties in a research note on Sunday, September 17th. BidaskClub upgraded shares of LTC Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $48.00 target price on shares of LTC Properties in a research note on Monday, October 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.17.
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LTC Properties Company Profile
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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