Revenue Update on LTC Properties Inc(NYSE:LTC)

LTC Properties Inc(NYSE:LTC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $33.07M. Analysts estimated a revenue of $33.66M. Earnings per share were $0.77. Analysts had estimated an EPS of $0.77.

In a different note, On Jul 18, 2016, Mizuho Securities said it Downgrades its rating on LTC Properties Inc. The shares have been rated ‘Neutral’ by the firm. On Jun 29, 2016, Hilliard Lyons said it Downgrades its rating on LTC Properties Inc. The shares have been rated ‘Underperform’ by the firm. On Jun 17, 2016, RBC Capital said it Downgrades its rating on LTC Properties Inc. The shares have been rated ‘Sector Perform’ by the firm.

LTC Properties Inc (LTC) made into the market gainers list on Mondays trading session with the shares advancing 0.14% or 0.07 points. Due to strong positive momentum, the stock ended at $51.9, which is also near the day’s high of $52.01. The stock began the session at $51.87 and the volume stood at 1,41,846 shares. The 52-week high of the shares is $54.001 and the 52 week low is $38.64. The company has a current market capitalization of $2,036 M and it has 3,92,21,623 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, Clint B Malin (EVP & CIO) sold 2,000 shares at $49.52 per share price.Also, On Mar 22, 2016, Timothy Triche (director) sold 1,800 shares at $44.31 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 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. 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 Company’s 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.

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