LTC Properties, Inc. with ticker code (LTC) have now 6 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 40 and 35 and has a mean target at $37.83. Given that the stocks previous close was at $34.29 this would indicate that there is a potential upside of 10.3%. It’s also worth noting that there is a 50 day moving average of $35.05 while the 200 day moving average is $38.33. The company has a market capitalization of $1,415m. Find out more information at: https://www.LTCreit.com
The potential market cap would be $1,562m 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’s investment portfolio includes 215 properties in 29 states with 31 operating partners. Based on its gross real estate investments, LTC’s investment portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.
The company has a dividend yield of 6.65% with the ex dividend date set at 22-5-2023 (DMY).
Other points of data to note are a P/E ratio of 13.79, revenue per share of 4.31 and a 3.68% return on assets.
