Analysts Set LTC Properties, Inc. (NYSE:LTC) Target Price at $34.13

LTC Properties, Inc. (NYSE:LTC) has been given a consensus rating of “Hold” by the six research firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $34.13.

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

LTC Properties Stock Down 0.8 %

NYSE LTC opened at $31.32 on Friday. The stock has a fifty day moving average of $31.85 and a 200-day moving average of $32.09. The stock has a market capitalization of $1.35 billion, a P/E ratio of 14.50 and a beta of 0.87. LTC Properties has a 52 week low of $30.30 and a 52 week 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.

LTC Properties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.28%. LTC Properties’s dividend payout ratio (DPR) is presently 105.56%.

Insider Buying and Selling

In other LTC Properties news, Director Timothy Triche sold 3,082 shares of LTC Properties stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $31.67, for a total transaction of $97,606.94. Following the transaction, the director now directly owns 36,343 shares in the company, valued at $1,150,982.81. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Money Concepts Capital Corp lifted its holdings in LTC Properties by 3,395.0% during the fourth quarter. Money Concepts Capital Corp now owns 699 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 679 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of LTC Properties in the fourth quarter valued at about $26,000. GAMMA Investing LLC bought a new stake in shares of LTC Properties in the fourth quarter valued at about $28,000. FMR LLC lifted its holdings in shares of LTC Properties by 73.3% in the third quarter. FMR LLC now owns 1,168 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 494 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of LTC Properties by 78.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,206 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 529 shares in the last quarter. 69.25% of the stock is currently owned by institutional investors.

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.