LTC Properties, Inc. with ticker code (LTC) have now 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 and has a mean target at $38.00. Given that the stocks previous close was at $33.40 this would imply there is now a potential upside of 13.8%. Also worth taking note is the 50 day moving average now sits at $36.32 and the 200 moving average now moves to $38.71. The total market capitalization for the company now stands at $1,338m. Find out more information at: https://www.LTCreit.com
The potential market cap would be $1,523m 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 6.76% with the ex dividend date set at 22-3-2023 (DMY).
Other points of data to note are a P/E ratio of 13.1, revenue per share of 4.31 and a 3.68% return on assets.
