$0.19 dividends are now a reality for LTC Properties, Inc. (NYSE:LTC) shareholders. Here’s why.

December 19, 2017 - By Darrin Black

 $0.19 dividends are now a reality for LTC Properties, Inc. (NYSE:LTC) shareholders. Here's why.
Investors sentiment increased to 1.5 in Q2 2017. Its up 0.15, from 1.35 in 2017Q1. It increased, as 15 investors sold LTC Properties, Inc. shares while 55 reduced holdings. 32 funds opened positions while 73 raised stakes. 31.42 million shares or 0.85% less from 31.69 million shares in 2017Q1 were reported.
Dupont Cap Mgmt, Delaware-based fund reported 12,124 shares. Panagora Asset Mngmt Inc owns 4,950 shares. Raymond James Service Advsrs Inc reported 4,723 shares. Moreover, Bnp Paribas Asset Mngmt Hldg Sa has 0.06% invested in LTC Properties, Inc. (NYSE:LTC). Valley National Advisers invested in 245 shares or 0% of the stock. Us Commercial Bank De stated it has 25,183 shares. Teachers Retirement System Of The State Of Kentucky reported 0.01% of its portfolio in LTC Properties, Inc. (NYSE:LTC). Schwab Charles Investment Inc reported 369,475 shares or 0.02% of all its holdings. Friedberg Mgmt invested in 38,559 shares. Envestnet Asset Management Inc has invested 0% in LTC Properties, Inc. (NYSE:LTC). 4,700 were reported by Albert D Mason. Whittier Trust Company owns 256 shares for 0% of their portfolio. Planning holds 0.08% of its portfolio in LTC Properties, Inc. (NYSE:LTC) for 19,507 shares. Employees Retirement Sys Of Texas invested in 0.07% or 98,000 shares. Cambridge Invest Rech Advisors Incorporated accumulated 11,616 shares or 0.01% of the stock.

LTC Properties, Inc. (NYSE:LTC) is expected to pay $0.19 on Dec 29, 2017. The indicated annual dividend is $2.28. Shareholders owning the stock before Dec 20, 2017 will be eligible to receive the payout. Based on LTC Properties, Inc.’s current price of $47.00, the dividend is 0.40 %. This dividend’s record date is Dec 21, 2017 and the announcement date is Oct 2, 2017. The stock increased 0.82% or $0.38 during the last trading session, reaching $47. About 157,012 shares traded. LTC Properties, Inc. (NYSE:LTC) has risen 5.46% since December 19, 2016 and is uptrending. It has underperformed by 11.24% the S&P500.

LTC Properties, Inc. operates as a health care real estate investment trust in the United States. The company has market cap of $1.86 billion. It invests in senior housing and long term healthcare properties, including skilled nursing properties, assisted living properties, independent living properties, and combinations through mortgage loans, property lease transactions, and other investments. It has a 21.09 P/E ratio. The Company’s portfolio consists of 89 skilled nursing properties, 102 assisted living properties, 14 other senior housing properties, 2 schools, and a parcel of land under development.

LTC Properties, Inc. (NYSE:LTC) Ratings Coverage

Among 10 analysts covering LTC Properties (NYSE:LTC), 2 have Buy rating, 2 Sell and 6 Hold. Therefore 20% are positive. LTC Properties has $58 highest and $44.0 lowest target. $49.50’s average target is 5.32% above currents $47 stock price. LTC Properties had 27 analyst reports since August 21, 2015 according to SRatingsIntel. The company was maintained on Monday, July 31 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Hold” rating in Monday, September 18 report. The firm has “Buy” rating by Canaccord Genuity given on Monday, August 15. Mitsubishi UFJ downgraded LTC Properties, Inc. (NYSE:LTC) on Thursday, January 5 to “Neutral” rating. The stock of LTC Properties, Inc. (NYSE:LTC) has “Neutral” rating given on Monday, July 18 by Mizuho. The stock of LTC Properties, Inc. (NYSE:LTC) has “Buy” rating given on Wednesday, November 4 by Mizuho. Hilliard Lyons downgraded the stock to “Underperform” rating in Wednesday, June 29 report. Cantor Fitzgerald maintained the stock with “Buy” rating in Monday, November 13 report. The stock of LTC Properties, Inc. (NYSE:LTC) earned “Hold” rating by Stifel Nicolaus on Friday, August 11. The stock of LTC Properties, Inc. (NYSE:LTC) earned “Hold” rating by KeyBanc Capital Markets on Friday, September 15.

More notable recent LTC Properties, Inc. (NYSE:LTC) news were published by: Seekingalpha.com which released: “Join Me In Buying This Top-Shelf, 4.9%-Yielding, Monthly-Paying Health Care REIT” on November 24, 2017, also Seekingalpha.com with their article: “LTC Properties Vs. Omega Healthcare: Battle Of The Healthcare REITs” published on October 31, 2017, Nasdaq.com published: “LTC Properties, Inc. (LTC) Ex-Dividend Date Scheduled for September 20, 2017” on September 19, 2017. More interesting news about LTC Properties, Inc. (NYSE:LTC) were released by: Nasdaq.com and their article: “LTC Properties, Inc. (LTC) Ex-Dividend Date Scheduled for November 21, 2017” published on November 20, 2017 as well as Seekingalpha.com‘s news article titled: “LTC Properties: Solid Dividend Play” with publication date: November 29, 2017.

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