News coverage about LTC Properties (NYSE:LTC) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. LTC Properties earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.4962610850779 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
Shares of LTC Properties (NYSE LTC) opened at $37.60 on Friday. The stock has a market cap of $1,482.72, a price-to-earnings ratio of 16.86, a P/E/G ratio of 3.00 and a beta of 0.07. LTC Properties has a fifty-two week low of $36.93 and a fifty-two week high of $52.85. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.84.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be issued a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date is Friday, February 16th. LTC Properties’s dividend payout ratio is presently 102.24%.
Several equities analysts have recently commented on the stock. ValuEngine cut shares of LTC Properties from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of LTC Properties from a “buy” rating to a “hold” rating in a report on Friday, January 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $49.71.
In related news, Director Boyd W. Hendrickson sold 1,500 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $47.07, for a total value of $70,605.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Pieczynski acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was acquired at an average price of $43.60 per share, with a total value of $87,200.00. Following the completion of the acquisition, the director now directly owns 17,974 shares of the company’s stock, valued at approximately $783,666.40. The disclosure for this purchase can be found here. Insiders sold 9,727 shares of company stock valued at $436,470 over the last quarter. 1.50% of the stock is currently owned by corporate insiders.
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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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