LTC Properties Inc (LTC) is Downgraded by RBC Capital Mkts to Sector Perform

LTC Properties Inc (LTC) was Downgraded by RBC Capital Mkts to ” Sector Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Jun 17, 2016.

LTC Properties Inc opened for trading at $49.39 and hit $50.1399 on the upside on Wednesday, eventually ending the session at $49.79, with a gain of 0.97% or 0.48 points. The heightened volatility saw the trading volume jump to 5,88,377 shares. Company has a market cap of $1,888 M.

In a different news, on Mar 22, 2016, Timothy Triche (director) sold 1,800 shares at $44.31 per share price. According to the SEC, on Dec 28, 2015, Brent P. Chappell (SVP, Inv. & Portfolio Mgmt) sold 1,000 shares at $42.07 per share price. On Dec 23, 2015, Pamela Shelley-kessler (EVP, CFO & Secretary) sold 10,952 shares at $41.74 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.

LTC Properties Inc

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