LTC Properties Inc (NYSE:LTC) had declared a cash dividend of $0.1900 on Oct 3, 2016. The shares will quote ex-dividend on Oct 19, 2016 and the record date has been fixed for Oct 21, 2016. On Oct 3, 2016 share price, the yield comes out to be 4.3855%. The dividend payable date has been fixed on Oct 31, 2016.
In a different note, On Aug 15, 2016, Canaccord Genuity said it Maintains its rating on LTC Properties Inc. In the research note, the firm Raises the price-target to $54.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 18, 2016, Mizuho Securities said it Downgrades its rating on LTC Properties Inc. The shares have been rated ‘Neutral’ by the firm.
LTC Properties Inc (LTC) shares turned negative on Fridays trading session with the shares closing down -0.12 points or -0.24% at a volume of 1,82,521. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $49.568. The peak price level was also seen at $49.568 while the days lowest was $48.58. Finally the shares closed at $48.92. The 52-week high of the shares is $54.2 while the 52-week low is $40.02. According to the latest information available, the market cap of the company is $1,919 M.
LTC Properties Inc(LTC) last announced its earnings results on Aug 1, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $33.07M. Analysts had an estimated revenue of $33.66M. Earnings per share were $0.77. Analysts had estimated an EPS of $0.77.
Several Insider Transactions has been reported to the SEC. On Sep 1, 2016, Timothy Triche (director) sold 2,000 shares at $52.13 per share price.Also, On Jun 22, 2016, Clint B Malin (EVP & CIO) sold 2,000 shares at $49.52 per share price.On Dec 28, 2015, Brent P. Chappell (SVP, Inv. & Portfolio Mgmt) sold 1,000 shares at $42.07 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Companys 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. As of December 31 2014 the Company’s portfolio includes 198 properties including 97 skilled nursing properties 92 assisted living properties eight range of care properties and others including a school and five parcels of land held for use. The Companys subsidiaries include Albuquerque Real Estate Investments Inc. Bakersfield LTC Inc. Beaumont Real Estate Investments LP Broadway Real Estate Investments Inc. BV Holding LTC Inc. and Coronado Corporation among others.