LTC Properties with ticker code (LTC) have now 7 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 42 and 35 and has a mean target at 38.57. With the stocks previous close at 35.74 this would imply there is a potential upside of 7.9%. The day 50 moving average is 38.21 and the 200 moving average now moves to 38.81. The company has a market capitalisation of $1,464m. Company Website: https://www.LTCreit.com
The potential market cap would be $1,580m 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.
