LTC Properties (LTC) Lifted to “Hold” at Zacks Investment Research

LTC Properties (NYSE:LTC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

According to Zacks, “LTC Properties, Inc., a health care real estate investment trust, invests primarily in long-term care and other health care related facilities through mortgage loans, facility lease transactions and other investments. Their primary objectives are to sustain and enhance stockholder equity value and provide current income for distribution to stockholders through real estate investments in long-term care facilities and other health care related facilities managed by experienced operators providing quality care. “

Other equities analysts have also issued research reports about the stock. Cantor Fitzgerald reissued a “buy” rating and issued a $46.00 price target (up previously from $45.00) on shares of LTC Properties in a report on Thursday, August 9th. ValuEngine raised shares of LTC Properties from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Finally, Stifel Nicolaus set a $43.00 price target on shares of LTC Properties and gave the stock a “hold” rating in a report on Thursday, August 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $42.50.

LTC Properties stock opened at $45.61 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 8.26 and a current ratio of 8.91. The company has a market cap of $1.80 billion, a P/E ratio of 14.71, a PEG ratio of 3.78 and a beta of 0.10. LTC Properties has a 1-year low of $34.46 and a 1-year high of $49.59.

LTC Properties (NYSE:LTC) last posted its earnings results on Monday, November 5th. The real estate investment trust reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.13. The business had revenue of $34.21 million for the quarter, compared to analyst estimates of $34.12 million. LTC Properties had a net margin of 86.31% and a return on equity of 18.31%. Research analysts expect that LTC Properties will post 3.01 EPS for the current year.

Large investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. bought a new position in shares of LTC Properties in the 3rd quarter worth $106,000. Advisory Services Network LLC grew its holdings in shares of LTC Properties by 11,804.8% during the 3rd quarter. Advisory Services Network LLC now owns 2,500 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 2,479 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of LTC Properties during the 2nd quarter valued at $191,000. Fort Washington Investment Advisors Inc. OH bought a new position in shares of LTC Properties during the 2nd quarter valued at $201,000. Finally, Sawtooth Solutions LLC bought a new position in shares of LTC Properties during the 3rd quarter valued at $201,000. 75.64% of the stock is currently owned by hedge funds and other institutional investors.

LTC Properties Company Profile

LTC Properties (NYSE: 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 preferred equity and mezzanine lending. At June 30, 2018, LTC had 199 investments located in 28 states comprising 102 assisted living communities, 96 skilled nursing centers and one behavioral health care hospital.

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