Royal Bank of Canada reiterated their sector perform rating on shares of LTC Properties (NYSE:LTC – Free Report) in a report issued on Thursday, Benzinga reports. Royal Bank of Canada currently has a $32.00 price target on the real estate investment trust’s stock.

A number of other analysts have also recently weighed in on LTC. StockNews.com began coverage on LTC Properties in a research note on Thursday. They issued a hold rating on the stock. Barclays lowered their price target on LTC Properties from $35.00 to $34.00 in a report on Wednesday, May 3rd. TheStreet lowered LTC Properties from a b- rating to a c rating in a report on Friday, July 28th. Wells Fargo & Company began coverage on LTC Properties in a report on Wednesday, April 19th. They set an equal weight rating and a $36.00 price target on the stock. Finally, Stifel Nicolaus lowered their price objective on LTC Properties from $40.00 to $36.00 in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $35.33.

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LTC Properties Stock Up 0.2 %

LTC Properties Dividend Announcement

LTC Properties stock traded up $0.05 during midday trading on Thursday, reaching $31.89. The company’s stock had a trading volume of 31,370 shares, compared to its average volume of 249,070. LTC Properties has a fifty-two week low of $30.87 and a fifty-two week high of $45.49. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 1.11. The company has a market cap of $1.32 billion, a P/E ratio of 18.61 and a beta of 0.94. The business has a 50-day simple moving average of $33.77 and a 200-day simple moving average of $34.24.

The business also recently declared a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 21st will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, September 20th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.15%. LTC Properties’s payout ratio is 133.33%.

Insider Activity

In other news, Director Timothy Triche sold 6,000 shares of LTC Properties stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $33.03, for a total transaction of $198,180.00. Following the completion of the sale, the director now directly owns 39,425 shares in the company, valued at approximately $1,302,207.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Arizona State Retirement System raised its holdings in LTC Properties by 2.7% in the 1st quarter. Arizona State Retirement System now owns 11,736 shares of the real estate investment trust’s stock valued at $412,000 after acquiring an additional 307 shares during the last quarter. State of Tennessee Treasury Department grew its stake in shares of LTC Properties by 1.1% during the 4th quarter. State of Tennessee Treasury Department now owns 28,470 shares of the real estate investment trust’s stock valued at $1,012,000 after buying an additional 313 shares during the period. Martingale Asset Management L P grew its stake in shares of LTC Properties by 3.2% during the 4th quarter. Martingale Asset Management L P now owns 10,227 shares of the real estate investment trust’s stock valued at $363,000 after buying an additional 321 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of LTC Properties by 3.3% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,274 shares of the real estate investment trust’s stock valued at $422,000 after buying an additional 355 shares during the period. Finally, Advisor Group Holdings Inc. grew its stake in shares of LTC Properties by 3.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 10,662 shares of the real estate investment trust’s stock valued at $378,000 after buying an additional 366 shares during the period. 70.97% of the stock is currently owned by institutional investors and hedge funds.

About LTC Properties

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LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.

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