LTC Properties Inc. (LTC) Breaks into New 52-Week High on September 09 Session

Equities Staff  |

Shares of LTC Properties Inc. (LTC) broke into a new 52-week high yesterday, hitting a peak of $50.52. Shares closed at $50.35 after opening at $49.90 for a move of 0.82%. The company now has a market cap of $2 billion.

Investors and traders can learn a lot about a stock’s momentum when it sets a new 52-week high. As an example, bullish investors view a company hitting its highest price in a year as a sign of momentum and may interpret it as a signal to buy. On the other hand, bearish investors could view a new 52-week high as a signal of the end of a strong run, with the stock possibly peaking out before an impending period of decline.

For LTC Properties Inc., the new 52-week high came on volume of 168,042. The stock has a float of 39.75 million shares and average daily volume of $195,685. It has a 50-day SMA of $47.20 and a 200-day SMA of $44.71.

LTC Properties Inc. now has a P/E ratio of 18.2.

For a complete fundamental analysis analysis of LTC Properties Inc., check out Equities.com’s Stock Valuation Analysis report for LTC.

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LTC Properties Inc is a healthcare facility real estate investment trust. The company operates one segment that works to invest in healthcare facilities through mortgage loans, property lease transactions, and other investments. LTC generates all of its revenue in the United States. LTC is an active capital provider in the seniors housing and health care real estate industry. The company has been actively engaged with its operating partners to create a growing pipeline of projects. LTC considers merger and acquisition investment as a component of its operational growth strategy.

LTC Properties Inc. is based out of Westlake Village, CA and has some 21 employees. Its CEO is Wendy L. Simpson.

LTC Properties Inc. is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.

What's more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow Jones Industrial Average or S&P 500.

To get more information on LTC Properties Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: LTC’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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