LTC Properties, Inc. with ticker code (LTC) now have 7 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The range between the high target price and low target price is between 40 and 35 with the average target price sitting at $37.57. Given that the stocks previous close was at $33.83 this is indicating there is a potential upside of 11.1%. The day 50 moving average is $34.75 and the 200 moving average now moves to $38.22. The total market capitalization for the company now stands at $1,389m. You can visit the company’s website by visiting: https://www.LTCreit.com
The potential market cap would be $1,543m 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 6.79% with the ex dividend date set at 22-5-2023 (DMY).
Other points of data to note are a P/E ratio of 13.53, revenue per share of 4.31 and a 3.68% return on assets.
