Favorable Media Coverage Somewhat Unlikely to Impact LTC Properties (LTC) Share Price

Media coverage about LTC Properties (NYSE:LTC) has been trending positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. LTC Properties earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 44.1987367557743 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

LTC Properties (LTC) opened at $45.84 on Friday. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.84. LTC Properties has a fifty-two week low of $43.91 and a fifty-two week high of $52.85. The stock has a market cap of $1,840.44, a price-to-earnings ratio of 14.95, a P/E/G ratio of 3.78 and a beta of 0.18.

LTC Properties (NYSE:LTC) last issued its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.26. The firm had revenue of $41.25 million during the quarter, compared to analysts’ expectations of $32.91 million. LTC Properties had a net margin of 52.18% and a return on equity of 11.69%. During the same quarter last year, the company posted $0.57 earnings per share. analysts forecast that LTC Properties will post 3.08 EPS for the current year.

The company also recently declared 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 of this dividend was Tuesday, November 21st. This represents a $2.28 annualized dividend and a yield of 4.97%. LTC Properties’s dividend payout ratio is presently 102.24%.

A number of research firms recently commented on LTC. BidaskClub cut shares of LTC Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. BMO Capital Markets cut shares of LTC Properties from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $50.00 to $44.00 in a research report on Friday, August 11th. Stifel Nicolaus set a $46.00 price target on shares of LTC Properties and gave the stock a “hold” rating in a report on Sunday, August 13th. Zacks Investment Research cut shares of LTC Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 11th. Finally, KeyCorp reaffirmed a “hold” rating on shares of LTC Properties in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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).

Insider Buying and Selling by Quarter for LTC Properties (NYSE:LTC)

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