LTC Properties, Inc. (NYSE:LTC – Get Rating) Director Timothy Triche sold 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $43.48, for a total value of $47,828.00. Following the sale, the director now owns 42,413 shares of the company’s stock, valued at $1,844,117.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
LTC Properties Stock Performance
NYSE LTC opened at $42.16 on Monday. The stock has a market cap of $1.71 billion, a PE ratio of 18.17 and a beta of 0.87. The company has a current ratio of 15.51, a quick ratio of 15.51 and a debt-to-equity ratio of 0.91. LTC Properties, Inc. has a twelve month low of $31.36 and a twelve month high of $45.49. The stock has a fifty day simple moving average of $42.62 and a 200-day simple moving average of $38.96.
LTC Properties Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 22nd will be issued a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend is Wednesday, September 21st. LTC Properties’s dividend payout ratio is presently 98.28%.
Hedge Funds Weigh In On LTC Properties
Wall Street Analysts Forecast Growth
Several analysts recently commented on LTC shares. StockNews.com cut LTC Properties from a “buy” rating to a “hold” rating in a research report on Friday. Capital One Financial started coverage on LTC Properties in a research report on Friday, June 3rd. They set an “equal weight” rating and a $41.00 price target for the company. Berenberg Bank upgraded LTC Properties from a “hold” rating to a “buy” rating and boosted their price target for the stock from $34.00 to $47.00 in a research report on Monday, August 1st. Barclays boosted their price target on LTC Properties to $35.00 in a research report on Tuesday, August 9th. Finally, Royal Bank of Canada boosted their price target on LTC Properties from $39.00 to $44.00 in a research report on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $41.00.
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 181 investments in 27 states with 29 operating partners.
- Get a free copy of the StockNews.com research report on LTC Properties (LTC)
- Kroger’s is Your One-Stop Consumer Staples Stock
- Adobe Perfects the Art of the Faceplant for Investors
- Tax Credits are the Incentives in the Inflation Reduction Act
- 3 Banks Worth Considering For Q4
- Stock Market: 3 Islands Of Strength In A Sea Of Red
Receive News & Ratings for LTC Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LTC Properties and related companies with MarketBeat.com's FREE daily email newsletter.