From MarketBeat:

LTC Properties, Inc. declared a dividend yielding 7.11% to be given on January 31st for investors of record on January 23rd. The $2.28 annual dividend is not currently covered by earnings, but analysts expect earnings of $2.71 per share next year to cover the future payout ratio of 84.1%.

The stocks have a $32.05 price and a market cap of $1.33 billion. The company has a quick and current ratio of 12.15, a debt-to-equity ratio of 1.11, and a P/E ratio of 16.61.

Real estate investment trust LTC Properties saw insider activity, with Director David L. Gruber purchasing 3,500 shares and Director Boyd W. Hendrickson selling 7,500 shares. 2.00% of the stock is currently owned by insiders.

Many hedge funds have been making moves with LTC Properties, including Money Concepts Capital Corp, Lazard Asset Management LLC, and Point72 Hong Kong Ltd. 70.28% of the stock is owned by hedge funds and other institutional investors.

Salient details were noted about LTC Properties. StockNews.com gave it a “hold” rating, Berenberg Bank a “buy” rating, and Wedbush an “outperform” rating. Analysts have given LTC Properties an average rating of “Hold” and an average price target of $34.38.



Read more: LTC Properties, Inc. (NYSE:LTC) to Issue Dividend of $0.19