The stock of LTC Properties Inc (NYSE:LTC) is a huge mover today! The stock decreased 2.78% or $1.4 on October 5, hitting $48.9. LTC Properties Inc (NYSE:LTC) has risen 11.85% since March 2, 2016 and is uptrending. It has outperformed by 3.59% the S&P500.
The move comes after 9 months negative chart setup for the $1.92B company. It was reported on Oct, 6 by Barchart.com. We have $45.97 PT which if reached, will make NYSE:LTC worth $115.20 million less.
Analysts await LTC Properties Inc (NYSE:LTC) to report earnings on November, 7. They expect $0.76 earnings per share, up 20.63% or $0.13 from last year’s $0.63 per share. LTC’s profit will be $29.84 million for 16.09 P/E if the $0.76 EPS becomes a reality. After $0.77 actual earnings per share reported by LTC Properties Inc for the previous quarter, Wall Street now forecasts -1.30% negative EPS growth.
LTC Properties Inc (NYSE:LTC) Ratings Coverage
Out of 6 analysts covering LTC Properties (NYSE:LTC), 1 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 17% are positive. LTC Properties has been the topic of 10 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The rating was upgraded by Zacks on Friday, August 28 to “Sell”. The firm earned “Buy” rating on Wednesday, November 4 by Mizuho. The firm has “Neutral” rating by Mizuho given on Monday, July 18. Mizuho upgraded LTC Properties Inc (NYSE:LTC) on Monday, September 21 to “Buy” rating. On Monday, August 15 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of LTC Properties Inc (NYSE:LTC) has “Sector Perform” rating given on Friday, June 17 by RBC Capital Markets. The stock of LTC Properties Inc (NYSE:LTC) earned “Underperform” rating by Hilliard Lyons on Wednesday, June 29.
According to Zacks Investment Research, “LTC Properties, Inc., a health care real estate investment trust, invests primarily in long-term care and other health care related facilities through mortgage loans, facility lease transactions and other investments. Their primary objectives are to sustain and enhance stockholder equity value and provide current income for distribution to stockholders through real estate investments in long-term care facilities and other health care related facilities managed by experienced operators providing quality care.”
Insitutional Activity: The institutional sentiment decreased to 1.94 in Q2 2016. Its down 0.17, from 2.11 in 2016Q1. The ratio turned negative, as 12 funds sold all LTC Properties Inc shares owned while 50 reduced positions. 34 funds bought stakes while 86 increased positions. They now own 31.26 million shares or 7.81% more from 28.99 million shares in 2016Q1.
Independent Order Of Foresters last reported 1,800 shares in the company. Amalgamated Retail Bank holds 0.01% or 4,371 shares in its portfolio. Toronto Dominion Financial Bank holds 0% or 26 shares in its portfolio. Driehaus Management Ltd Com has 103,525 shares for 0.19% of their US portfolio. Kbc Nv last reported 0.01% of its portfolio in the stock. Retail Bank Of Montreal Can holds 0% of its portfolio in LTC Properties Inc (NYSE:LTC) for 37,329 shares. Advantus Cap Mgmt accumulated 107,904 shares or 0.16% of the stock. Arrowpoint Asset Mngmt holds 60,000 shares or 0.06% of its portfolio. Tocqueville Asset Mgmt Lp has 17,095 shares for 0.01% of their US portfolio. State Of Alaska Department Of Revenue holds 16,300 shares or 0.09% of its portfolio. Menta Cap Ltd Liability Corp reported 81,924 shares or 0.58% of all its holdings. Richard Bernstein Advsr Limited Liability Corporation holds 0.33% or 66,911 shares in its portfolio. Tiaa Cref Investment Mngmt Ltd Com accumulated 174,245 shares or 0.01% of the stock. Hl Financial Ltd Liability Corporation holds 0.01% or 5,962 shares in its portfolio. Sumitomo Mitsui Trust owns 28,466 shares or 0% of their US portfolio.
Insider Transactions: Since August 30, 2016, the stock had 0 insider purchases, and 1 sale for $104,260 net activity. TRICHE TIMOTHY had sold 2,000 shares worth $104,260.
More recent LTC Properties Inc (NYSE:LTC) news were published by: Marketwatch.com which released: “LTC Properties downgraded to underperform from neutral at Hilliard Lyons” on April 18, 2011. Also Seekingalpha.com published the news titled: “LTC Properties, Inc.: This 5% Yielding Health Care REIT Is A Good Choice For …” on January 05, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: Federal Realty Investment Trust, LTC Properties and …” with publication date: September 16, 2016 was also an interesting one.
LTC Company Profile
LTC Properties Inc., incorporated on May 12, 1992, is a healthcare real estate investment trust (REIT). The Firm 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. The Firm has investments in approximately 30 states leased or mortgaged to over 30 different operators. The Company’s properties include approximately seven development projects, consisting of over five MC communities with a total of approximately 320 units, a 108-unit ILF community and an 89-unit combination ALF and MC community.
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