Media headlines about LTC Properties (NYSE:LTC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 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 media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.1051493296972 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of LTC Properties (NYSE LTC) opened at $38.18 on Friday. 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 company has a market capitalization of $1,510.82, a price-to-earnings ratio of 17.12, a PEG ratio of 3.06 and a beta of 0.07. LTC Properties has a 1-year low of $36.93 and a 1-year high of $52.85.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 5.97%. The ex-dividend date is Friday, February 16th. LTC Properties’s payout ratio is presently 102.24%.
Several research analysts have issued reports on the company. Zacks Investment Research lowered LTC Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 11th. Royal Bank of Canada reiterated a “hold” rating and set a $48.00 price objective on shares of LTC Properties in a research note on Monday, October 23rd. Finally, ValuEngine lowered LTC Properties from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. LTC Properties currently has a consensus rating of “Hold” and an average target price of $49.71.
In other news, Director Boyd W. Hendrickson sold 2,787 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $46.66, for a total transaction of $130,041.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy Triche sold 2,720 shares of the stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $43.35, for a total value of $117,912.00. The disclosure for this sale can be found here. Insiders have sold 9,727 shares of company stock worth $436,470 in the last 90 days. Company insiders own 1.50% of the company’s stock.
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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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