LTC Completes Divestiture of Preferred Care Portfolio Ahead of Schedule
LTC Properties, Inc. (LTC)
Last ltc properties, inc. earnings: 2/20 04:30 pm
Check Earnings Report
US:NYSE Investor Relations:
ltcreit.com
Company Research
Source: Business Wire
-- Portfolio Sale Totals $78 Million -- WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--LTC Properties Inc. (NYSE: LTC), a real estate investment trust investing in seniors housing and health care properties, today announced the completion of the sale of its Preferred Care, Inc. portfolio. LTC previously communicated that it anticipated concluding the sale during the second quarter of 2020 but finalized the transactions ahead of schedule.The combined net proceeds for the portfolio, including one property sold in 2019 and 21 properties sold in the first quarter of 2020, was $77.9 million, resulting in a total estimated gain on sale of $44.0 million. The portfolio had a combined net book value of $35.6 million.The 21 properties sold in the first quarter of 2020, which included more than 2,500 beds across Arizona, Colorado, Iowa, Kansas and Texas, were sold through multiple transactions and generated net proceeds of $71.9 million. These 21 properties had a combined net book value of $29.1
Show less
Read more
Impact Snapshot
Event Time:
LTC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LTC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LTC alerts
High impacting LTC Properties, Inc. news events
Weekly update
A roundup of the hottest topics
LTC
News
- LTC to Participate in Nareit's REITworld: 2024 Annual Conference [Yahoo! Finance]Yahoo! Finance
- LTC to Participate in Nareit’s REITworld: 2024 Annual ConferenceBusiness Wire
- LTC Reports 2024 Third Quarter ResultsBusiness Wire
- 5 Monthly Payers For Retiring On Just $500K [Forbes]Forbes
- If You Invested $1,000 In LTC Properties Stock 20 Years Ago, How Much Would You Have Now [Yahoo! Finance]Yahoo! Finance
LTC
Earnings
- 10/28/24 - In-Line
LTC
Sec Filings
- 11/13/24 - Form 8-K
- 11/13/24 - Form 424B5
- 11/12/24 - Form S-3ASR
- LTC's page on the SEC website