LTC Properties Inc. (NYSE:LTC)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $54.00 and last traded at $53.62, with a volume of 84,445 shares. The stock had previously closed at $53.21.

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity restated a “buy” rating and set a $49.00 target price on shares of LTC Properties in a research report on Monday, May 2nd. Zacks Investment Research lowered shares of LTC Properties from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Mizuho lowered shares of LTC Properties from a “buy” rating to a “neutral” rating and set a $53.00 target price on the stock. in a research report on Monday, July 18th. Cantor Fitzgerald assumed coverage on shares of LTC Properties in a research report on Thursday, June 23rd. They set a “buy” rating on the stock. Finally, Royal Bank Of Canada lowered shares of LTC Properties from an “outperform” rating to a “sector perform” rating and set a $50.00 target price on the stock. in a research report on Friday, June 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.20.

The company’s 50 day moving average price is $51.40 and its 200-day moving average price is $46.92. The firm has a market capitalization of $2.03 billion and a P/E ratio of 26.67.

LTC Properties (NYSE:LTC) last announced its earnings results on Monday, May 2nd. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. The business earned $38.60 million during the quarter, compared to analyst estimates of $31.06 million. On average, analysts expect that LTC Properties Inc. will post $3.10 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 23rd will be given a $0.18 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Friday, August 19th.

In other LTC Properties news, EVP Clint B. Malin sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $49.52, for a total value of $99,040.00. Following the transaction, the executive vice president now directly owns 73,798 shares of the company’s stock, valued at approximately $3,654,476.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Several institutional investors have made changes to their positions in the stock. GSA Capital Partners LLP raised its position in shares of LTC Properties by 98.2% in the fourth quarter. GSA Capital Partners LLP now owns 27,040 shares of the real estate investment trust’s stock worth $1,167,000 after buying an additional 13,400 shares during the last quarter. Nationwide Fund Advisors raised its stake in LTC Properties by 0.3% in the fourth quarter. Nationwide Fund Advisors now owns 39,363 shares of the real estate investment trust’s stock valued at $1,698,000 after buying an additional 115 shares in the last quarter. California State Teachers Retirement System raised its stake in LTC Properties by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 65,844 shares of the real estate investment trust’s stock valued at $2,841,000 after buying an additional 1,033 shares in the last quarter. California Public Employees Retirement System raised its stake in LTC Properties by 0.9% in the fourth quarter. California Public Employees Retirement System now owns 74,399 shares of the real estate investment trust’s stock valued at $3,210,000 after buying an additional 700 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in LTC Properties by 2.4% in the fourth quarter. Rhumbline Advisers now owns 80,297 shares of the real estate investment trust’s stock valued at $3,464,000 after buying an additional 1,845 shares in the last quarter.

LTC Properties Inc is a health care real estate investment trust (REIT). The Company primarily invests in senior housing and long term care properties through acquisitions, development, mortgage loans and other investments. The Company’s primary senior housing and long term healthcare property types include skilled nursing properties (SNF), assisted living properties (ALF), independent living properties (ILF), memory care properties (MC) and combinations thereof.

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