RBC Capital analyst Michael Carroll downgraded LTC Properties (NYSE: LTC) to Sell today and set a price target of $38. The company’s shares closed yesterday at $39.40.
According to TipRanks.com, Carroll is a 3-star analyst with an average return of 5.6% and a 71.1% success rate. Carroll covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Senior Housing Properties Trust, and Physicians Realty Trust.
Currently, the analyst consensus on LTC Properties is Hold and the average price target is $40.50, representing a 2.8% upside.
In a report issued on May 9, BMO Capital also assigned a Sell rating to the stock with a $39 price target.
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The company has a one-year high of $52.85 and a one-year low of $34.46. Currently, LTC Properties has an average volume of 296.4K.
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LTC Properties, Inc. is a real estate investment trust specializing in seniors housing and health care properties. Its portfolio includes: Diversified Asset Base, Featured Properties, and Under Development. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.
