Somewhat Positive News Coverage Somewhat Unlikely to Impact LTC Properties (LTC) Share Price
Media coverage about LTC Properties (NYSE:LTC) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded 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 0.16 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 44.9717406611633 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of LTC Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. Royal Bank of Canada reissued a “hold” rating and issued a $48.00 target price on shares of LTC Properties in a research report on Monday, October 23rd. BMO Capital Markets reissued a “sell” rating and issued a $44.00 target price on shares of LTC Properties in a research report on Wednesday, October 18th. KeyCorp reissued a “hold” rating on shares of LTC Properties in a research report on Tuesday, October 17th. Finally, Capital One Financial assumed coverage on shares of LTC Properties in a research report on Monday, September 25th. They issued an “overweight” rating and a $50.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $50.17.
Shares of LTC Properties (LTC) opened at $46.62 on Friday. LTC Properties has a 52-week low of $44.91 and a 52-week high of $52.85. The company has a debt-to-equity ratio of 0.84, a quick ratio of 8.66 and a current ratio of 8.66. The firm has a market cap of $1,840.00, a PE ratio of 14.78, a P/E/G ratio of 3.73 and a beta of 0.17.
LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.26. LTC Properties had a net margin of 52.18% and a return on equity of 11.69%. The business had revenue of $41.25 million during the quarter, compared to analysts’ expectations of $32.91 million. During the same quarter in the prior year, the business posted $0.57 earnings per share. analysts expect that LTC Properties will post 3.08 EPS for the current fiscal year.
The company also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 22nd were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, November 21st. This represents a $2.28 annualized dividend and a yield of 4.89%. LTC Properties’s dividend payout ratio is 102.70%.
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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