LTC Properties which can be found using ticker (LTC) have now 6 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 40 and 35 calculating the mean target price we have $38.00. Given that the stocks previous close was at $34.30 this indicates there is a potential upside of 10.8%. It’s also worth noting that there is a 50 day moving average of $36.55 and the 200 day MA is $38.84. The total market capitalization for the company now stands at $1,419m. Find out more information at: https://www.LTCreit.com
The potential market cap would be $1,573m based on the market consensus.
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds 181 investments in 27 states with 29 operating partners. The portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.
The company has a dividend yield of 6.72% with the ex dividend date set at 22-3-2023 (DMY).
Other points of data to note are a P/E ratio of 13.67, revenue per share of 4.31 and a 3.68% return on assets.
