LTC Properties with ticker code (LTC) now have 9 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 42 and 30 with a mean TP of 37.22. Given that the stocks previous close was at 39.97 this indicates there is a potential downside of -6.9%. The 50 day moving average now sits at 38.46 and the 200 day MA is 35.64. The market cap for the company is $1,429m. Company Website: https://www.LTCreit.com
The potential market cap would be $1,331m 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.
