Media stories about LTC Properties (NYSE:LTC) have trended somewhat positive on Thursday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. LTC Properties earned a coverage optimism score of 0.03 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.5489691931246 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
Shares of LTC stock opened at $39.59 on Thursday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 12.77, a P/E/G ratio of 3.26 and a beta of 0.10. The company has a debt-to-equity ratio of 0.91, a quick ratio of 9.69 and a current ratio of 9.69. LTC Properties has a 52 week low of $34.46 and a 52 week high of $52.85.
LTC Properties (NYSE:LTC) last announced its quarterly earnings data on Wednesday, May 9th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $41.81 million during the quarter, compared to the consensus estimate of $34.17 million. LTC Properties had a return on equity of 11.36% and a net margin of 51.43%. During the same period in the prior year, the firm posted $0.54 EPS. research analysts predict that LTC Properties will post 3.02 earnings per share for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, June 21st will be given a $0.19 dividend. This represents a $2.28 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend is Wednesday, June 20th. LTC Properties’s dividend payout ratio is 73.55%.
A number of research analysts recently weighed in on the stock. ValuEngine lowered shares of LTC Properties from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of LTC Properties from a “sell” rating to a “hold” rating in a research report on Friday, May 18th. TheStreet lowered shares of LTC Properties from a “b-” rating to a “c+” rating in a research report on Tuesday, February 27th. Royal Bank of Canada lowered shares of LTC Properties from a “sector perform” rating to an “underperform” rating and set a $38.00 price target on the stock. in a research report on Wednesday. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $45.00 price target on shares of LTC Properties in a research report on Thursday, May 10th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $42.86.
LTC Properties Company Profile
LTC is a self-administered real estate investment trust that primarily invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing and structured finance solutions including mezzanine lending. At December 31, 2017, LTC had 202 investments located in 29 states comprising 105 assisted living communities, 96 skilled nursing centers and 1 behavioral health care hospital.
Receive News & Ratings for LTC Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LTC Properties and related companies with MarketBeat.com's FREE daily email newsletter.