LTC Properties, Inc’s recent filing unveils that its Director Gruber David L acquired Company’s shares for reported $0.11 million on Dec 11 ’24. In the deal valued at $37.16 per share,3,000 shares were bought. As a result of this transaction, Gruber David L now holds 21,516 shares worth roughly $0.74 million.
Then, Malin Clint B sold 6,000 shares, generating $232,500 in total proceeds. Upon selling the shares at $38.75, the CO-PRESIDENT & CIO now owns 158,585 shares.
Before that, Malin Clint B bought 6,000 shares. LTC Properties, Inc shares valued at $232,267 were divested by the Officer at a price of $38.71 per share.
JMP Securities upgraded its LTC Properties, Inc [LTC] rating to a Mkt outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late January with a ‘”a Hold”‘ rating. Wedbush began covering LTC with “an Outperform” recommendation on October 03, 2023. Berenberg started covering the stock on September 28, 2023. It rated LTC as “a Buy”.
Price Performance Review of LTC
On Tuesday, LTC Properties, Inc [NYSE:LTC] saw its stock fall -0.55% to $34.35. Over the last five days, the stock has lost -0.92%. LTC Properties, Inc shares have fallen nearly -0.58% since the year began. Nevertheless, the stocks have risen 9.15% over the past one year. While a 52-week high of $39.89 was reached on 01/21/25, a 52-week low of $30.30 was recorded on 01/10/25. SMA at 50 days reached $35.75, while 200 days put it at $35.63.
Levels Of Support And Resistance For LTC Stock
The 24-hour chart illustrates a support level at 34.17, which if violated will result in even more drops to 33.99. On the upside, there is a resistance level at 34.50. A further resistance level may holdings at 34.65. The Relative Strength Index (RSI) on the 14-day chart is 46.00, 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 61.39%. Stochastics %K at 45.15% 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 2025-01-15, growing by 0.65 million shares to a total of 1.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.14 million shares. There was a rise of 36.41%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 20, 2023 when Jefferies began covering the stock and recommended ‘”a Hold”‘ rating along with a $29 price target.
