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LTC Properties Inc (LTC) Shares Bought by Texas Permanent School Fund


The institutional investor owned 29,999 shares of the real estate investment trust’s stock after buying an additional 501 shares during the period. Texas Permanent School Fund owned about 0.08% of LTC Properties worth $1,357,000 at the end of the most ...


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LTC Properties Inc (NYSE:LTC) opened at 49.92 on FridayThe stock has a market cap of $1.89 billion and a price-to-earnings ratio of 24.87The firm has a 50-day moving average price of $48.00 and a 200 day moving average price of $45.31LTC Properties Inc has a 1-year low of $38.64 and a 1-year high of $50.60 LTC Properties (NYSE:LTC) last released its quarterly earnings results on Monday, May 2ndThe real estate investment trust reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01The business had revenue of $38.60 million for the quarter, compared to analysts’ expectations of $31.06 million On average, equities research analysts anticipate that LTC Properties Inc will post $3.09 EPS for the current fiscal year The firm also recently declared a monthly dividend, which was paid on Tuesday, May 31stStockholders of record on Monday, May 23rd were issued a dividend of $0.18 per shareThis represents a $2.16 dividend on an annualized basis and a dividend yield of 4.33%The ex-dividend date of this dividend was Thursday, May 19th LTC has been the subject of several recent research reportsRBC Capital downgraded LTC Properties from an “outperform” rating to a “sector perform” rating and set a $50.00 price objective for the companyin a report on Friday, June 17thCanaccord Genuity restated a “buy” rating and issued a $49.00 price objective on shares of LTC Properties in a report on Monday, May 2ndCantor Fitzgerald initiated coverage on LTC Properties in a report on ThursdayThey issued a “buy” rating for the companyFinally, Zacks Investment Research downgraded LTC Properties from a “buy” rating to a “hold” rating in a report on Thursday, May 5thThree research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stockThe company currently has a consensus rating of “Buy” and an average price target of $49.20. In other news, EVP Clint BMalin sold 2,000 shares of the stock in a transaction on Wednesday, June 22ndThe stock was sold at an average price of $49.52, for a total transaction of $99,040.00Following the completion of the transaction, the executive vice president now directly owns 73,798 shares in the company, valued at approximately $3,654,476.96The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website 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 investmentsThe 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. Want to see what other hedge funds are holding LTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LTC Properties Inc (NYSE:LTC). Receive News & Ratings for LTC Properties Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LTC Properties Inc and related companies with MarketBeat.com's FREE daily email newsletter. « PreviousTexas Permanent School Fund Has $1,381,000 Stake in CVB Financial Corp(CVBF) Next »Research Analysts Issue Forecasts for Encana Corp’s Q4 2016 Earnings (ECA) Latest News Nike Suspends Relationship with Maria Sharapova Rob Bironas Ex-Titans Kicker Dies in Car Crash Ron Washington Leaves Texas Rangers Due to an Affair Jonathan Dwyer Falls in Line with Other Banned NFL Players Tony Stewart Case Going to the Grand Jury Oscar Pistorius “Blade Runner” Found Not Guilty of Murder --> --> Leave a Reply Click here to cancel reply. Name (Required) Mail (will not be published) (Required) Website     Home Arts Business Sports Leisure Health Technology Headlines Investing

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