LTC Properties, Inc.’s recent filing unveils that its Director PIECZYNSKI JAMES acquired Company’s shares for reported $1.22 million on Aug 06 ’24. In the deal valued at $36.20 per share,33,643 shares were bought.
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Then, Gruber David L bought 6,000 shares, generating $214,520 in total proceeds. Upon buying the shares at $35.75, the Director now owns 18,412 shares.
Before that, TRICHE TIMOTHY sold 3,082 shares. LTC Properties, Inc. shares valued at $97,607 were divested by the Director at a price of $31.67 per share. As a result of the transaction, TRICHE TIMOTHY now holds 36,343 shares, worth roughly $1.3 million.
Deutsche Bank initiated its LTC Properties, Inc. [LTC] rating to a Hold in a research note published on January 30, 2024; the price target was $34. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. Berenberg began covering LTC with “Buy” recommendation on September 28, 2023. Jefferies started covering the stock on September 20, 2023. It rated LTC as “a Hold”.
Price Performance Review of LTC
On Tuesday, LTC Properties, Inc. [NYSE:LTC] saw its stock jump 0.06% to $35.76. Over the last five days, the stock has lost -0.20%. LTC Properties, Inc. shares have risen nearly 11.33% since the year began. Nevertheless, the stocks have risen 12.28% over the past one year. While a 52-week high of $38.28 was reached on 07/26/24, a 52-week low of $30.30 was recorded on 02/08/24. SMA at 50 days reached $35.31, while 200 days put it at $33.21.
Levels Of Support And Resistance For LTC Stock
The 24-hour chart illustrates a support level at 35.57, which if violated will result in even more drops to 35.37. On the upside, there is a resistance level at 35.94. A further resistance level may holdings at 36.11. The Relative Strength Index (RSI) on the 14-day chart is 48.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.29%. Stochastics%K at 43.80% indicates the stock is a holding.
How much short interest is there in LTC Properties, Inc.?
A steep rise in short interest was recorded in LTC Properties, Inc. stocks on 2024-07-31, dropping by -0.11 million shares to a total of 1.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.49 million shares. There was a decline of -7.81%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 20, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $36 price target.
