LTC Properties with ticker code (LTC) have now 9 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 48 and 35 with the average target price sitting at 42.22. With the stocks previous close at 45.14 this indicates there is a potential downside of -6.5%. There is a 50 day moving average of 41.37 and the 200 day moving average is 36.9. The market capitalisation for the company is $1,818m. Company Website: https://www.LTCreit.com
The potential market cap would be $1,701m based on the market concensus.
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.
