LTC Properties (LTC) Given News Impact Score of 0.06

Media coverage about LTC Properties (NYSE:LTC) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LTC Properties earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.518429099759 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media stories that may have effected Accern’s rankings:

Shares of LTC Properties (NYSE:LTC) traded up $0.18 during trading hours on Thursday, reaching $37.49. 89,588 shares of the company traded hands, compared to its average volume of 263,848. The company has a market cap of $1,511.60, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 3.06 and a beta of 0.07. The company has a debt-to-equity ratio of 0.84, a quick ratio of 8.66 and a current ratio of 8.66. LTC Properties has a fifty-two week low of $36.93 and a fifty-two week high of $52.85.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be paid a $0.19 dividend. This represents a $2.28 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend is Friday, February 16th. LTC Properties’s payout ratio is 102.24%.

LTC has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of LTC Properties from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Thursday, January 11th. BMO Capital Markets reaffirmed a “sell” rating and set a $44.00 price target on shares of LTC Properties in a report on Wednesday, October 18th. ValuEngine downgraded shares of LTC Properties from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $48.00 price target on shares of LTC Properties in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $49.71.

In other LTC Properties news, Director Timothy Triche sold 2,720 shares of the firm’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $43.35, for a total value of $117,912.00. Following the completion of the sale, the director now directly owns 34,656 shares in the company, valued at $1,502,337.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Boyd W. Hendrickson sold 2,787 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $46.66, for a total transaction of $130,041.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,727 shares of company stock valued at $436,470. Corporate insiders own 1.50% of the company’s stock.

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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).

Insider Buying and Selling by Quarter for LTC Properties (NYSE:LTC)

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