LTC Properties (LTC) Earning Somewhat Favorable News Coverage, Report Finds
Media headlines about LTC Properties (NYSE:LTC) have trended somewhat positive on Tuesday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. LTC Properties earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.6597170320044 out of 100, meaning 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 stories that may have effected Accern Sentiment Analysis’s scoring:
- LTC Properties, Inc. : LTC-US: Dividend Analysis : December 21st, 2017 (record date) : By the numbers : December 21, 2017 (finance.yahoo.com)
- Form 4 LTC PROPERTIES INC For: Dec 18 Filed by: Hendrickson Boyd W – StreetInsider.com (streetinsider.com)
- LTC Properties, Inc. (LTC) Ex-Dividend Date Scheduled for December 20, 2017 – Nasdaq (nasdaq.com)
- Trader breaks down why one hot cryptocurrency is a buy ri… (finance.yahoo.com)
- Auburn City Council approves $2.33M purchase of lot for parking deck (oanow.com)
LTC Properties (NYSE LTC) opened at $43.27 on Tuesday. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.84. LTC Properties has a one year low of $43.22 and a one year high of $52.85. The company has a market cap of $1,710.00, a price-to-earnings ratio of 19.49, a P/E/G ratio of 3.53 and a beta of 0.17.
LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.26. The business had revenue of $41.25 million for the quarter, compared to the consensus estimate of $32.91 million. LTC Properties had a net margin of 52.18% and a return on equity of 11.69%. During the same period in the previous year, the firm earned $0.57 EPS. analysts anticipate that LTC Properties will post 3.08 EPS for the current year.
The business also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd were given a dividend of $0.19 per share. This represents a $2.28 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend was Tuesday, November 21st. LTC Properties’s payout ratio is currently 102.70%.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of LTC Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 11th. KeyCorp reaffirmed a “hold” rating on shares of LTC Properties in a research note on Tuesday, October 17th. Capital One Financial began coverage on shares of LTC Properties in a research note on Monday, September 25th. They issued an “overweight” rating and a $50.00 target price on the stock. Royal Bank of Canada reaffirmed a “hold” rating and issued a $48.00 target price on shares of LTC Properties in a research note on Monday, October 23rd. Finally, BMO Capital Markets reaffirmed a “sell” rating and issued a $44.00 target price on shares of LTC Properties in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. LTC Properties currently has a consensus rating of “Hold” and a consensus price target of $50.17.
In other LTC Properties news, Director Boyd W. Hendrickson sold 1,500 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $47.07, for a total transaction of $70,605.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.
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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