Media headlines about LTC Properties (NYSE:LTC) have been trending somewhat positive recently, AlphaOne reports. The research firm, a unit of Accern, identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LTC Properties earned a news impact score of 0.13 on AlphaOne’s scale. AlphaOne also gave news articles about the real estate investment trust an impact score of 88 out of 100, meaning that recent news coverage is very likely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted AlphaOne Sentiment’s rankings:
- LTC Properties, Inc. : LTC-US: Dividend Analysis : April 20th, 2017 (record date) : By the numbers : April 20, 2017 (finance.yahoo.com)
- LTC’s Wendy Simpson to Participate in the Argentum Senior Living Executive Conference (finance.yahoo.com)
- AdCare Health terminates CEO for misrepresenting educational credentials (poandpo.com)
- LTC Properties : Announces Date of First Quarter 2017 Earnings Release, Conference Call, and Webcast (4-traders.com)
- LTC Announces Date of First Quarter 2017 Earnings Release, Conference Call, and Webcast (finance.yahoo.com)
Shares of LTC Properties (NYSE:LTC) traded up 0.36% on Friday, hitting $49.72. The stock had a trading volume of 34,345 shares. LTC Properties has a 12 month low of $43.17 and a 12 month high of $54.20. The firm has a 50 day moving average of $47.37 and a 200 day moving average of $47.20. The stock has a market cap of $1.97 billion, a P/E ratio of 22.55 and a beta of 0.19.
LTC Properties (NYSE:LTC) last issued its earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.24. The business earned $42.14 million during the quarter, compared to analysts’ expectations of $33.80 million. LTC Properties had a return on equity of 11.71% and a net margin of 52.34%. On average, equities analysts forecast that LTC Properties will post $2.20 earnings per share for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 22nd will be given a $0.19 dividend. The ex-dividend date is Tuesday, June 20th. This represents a $2.28 annualized dividend and a dividend yield of 4.60%. LTC Properties’s dividend payout ratio (DPR) is presently 105.56%.
LTC has been the topic of several recent research reports. Zacks Investment Research lowered LTC Properties from a “hold” rating to a “sell” rating in a research report on Friday, March 17th. Royal Bank of Canada set a $50.00 price objective on LTC Properties and gave the stock a “hold” rating in a research report on Tuesday, January 3rd. Cantor Fitzgerald restated an “overweight” rating and issued a $55.00 price objective on shares of LTC Properties in a research report on Monday, February 27th. Finally, Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of LTC Properties in a research report on Thursday, January 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. LTC Properties has a consensus rating of “Hold” and a consensus price target of $54.80.
In other news, Director Timothy Triche sold 4,000 shares of the firm’s stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of $47.02, for a total value of $188,080.00. Following the completion of the sale, the director now owns 35,204 shares of the company’s stock, valued at $1,655,292.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.
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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