LTC Properties, Inc. (NYSE:LTC) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other research analysts have also issued reports on LTC. BMO Capital Markets restated a “hold” rating and issued a $50.00 price target on shares of LTC Properties in a research report on Tuesday, May 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $50.00 price objective (down previously from $51.00) on shares of LTC Properties in a research note on Tuesday, May 9th. Canaccord Genuity reaffirmed a “buy” rating and issued a $58.00 price objective on shares of LTC Properties in a research note on Tuesday, May 9th. Hilliard Lyons raised shares of LTC Properties from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 10th. Finally, Zacks Investment Research raised shares of LTC Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Three investment 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. LTC Properties presently has an average rating of “Hold” and a consensus target price of $51.40.

Shares of LTC Properties (NYSE LTC) opened at 46.49 on Friday. LTC Properties has a 1-year low of $43.17 and a 1-year high of $54.20. The company has a 50-day moving average price of $50.80 and a 200-day moving average price of $48.49. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 20.44 and a beta of 0.12.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The firm had revenue of $42.47 million for the quarter, compared to analyst estimates of $35.08 million. LTC Properties had a net margin of 53.36% and a return on equity of 11.99%. On average, equities analysts expect that LTC Properties will post $2.20 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in LTC Properties by 12.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,037 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 231 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in LTC Properties by 12.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,266 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 256 shares in the last quarter. Riverhead Capital Management LLC raised its position in LTC Properties by 91.5% in the second quarter. Riverhead Capital Management LLC now owns 3,064 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 1,464 shares in the last quarter. Daiwa Securities Group Inc. raised its position in LTC Properties by 39.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 900 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in LTC Properties during the first quarter worth approximately $156,000. 83.21% of the stock is owned by hedge funds and other institutional investors.

LTC Properties Company Profile

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).

Analyst Recommendations for LTC Properties (NYSE:LTC)

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