LTC Properties, Inc. with ticker code (LTC) now have 6 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 40 and 35 calculating the average target price we see $38.00. Given that the stocks previous close was at $33.58 and the analysts are correct then we can expect a percentage increase in value of 13.2%. There is a 50 day moving average of $35.95 and the 200 day moving average is $38.58. The total market capitalization for the company now stands at $1,454m. You can visit the company’s website by visiting: https://www.LTCreit.com
The potential market cap would be $1,645m 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 holds 181 investments in 27 states with 29 operating partners. The portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.
The company has a dividend yield of 6.64% with the ex dividend date set at 22-3-2023 (DMY).
Other points of data to note are a P/E ratio of 14.19, revenue per share of 4.31 and a 3.68% return on assets.
