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 suggesting an average Analsyt target price of $37.83. Now with the previous closing price of $34.91 this indicates there is a potential upside of 8.4%. The 50 day moving average now sits at $35.41 while the 200 day moving average is $38.44. The market cap for the company is $1,438m. Company Website: https://www.LTCreit.com
The potential market cap would be $1,558m 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 6.7% with the ex dividend date set at 19-4-2023 (DMY).
Other points of data to note are a P/E ratio of 14.02, revenue per share of 4.31 and a 3.68% return on assets.
