LTC Properties (LTC) Gets a Buy Rating from Cantor Fitzgerald


Cantor Fitzgerald analyst Joseph France reiterated a Buy rating on LTC Properties (LTC) today and set a price target of $49. The company’s shares opened today at $45.60.

France observed:

“We are adjusting our estimates slightly to reflect 3Q18 results and recent deals. We are trimming our revenue estimate to $167.2 million (from $167.5 million) in 2018, and bumping it to $175 million (from $174.4 million) in 2019. We are lowering our nFFO estimate to $3.01 (from $3.02) in 2018 and leaving it unchanged at $3.14 in 2019. Our new nAFFO estimates are $2.66 (vs. prior $2.67) in 2018, and $2.78 (vs. prior $2.79) in 2019.”

According to TipRanks.com, France is a 5-star analyst with an average return of 10.3% and a 61.0% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Five Star Quality Care, and Addus Homecare Corp.

Currently, the analyst consensus on LTC Properties is a Hold with an average price target of $43.75.

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LTC Properties’ market cap is currently $1.8B and has a P/E ratio of 13.94. The company has a Price to Book ratio of 2.25.

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LTC Properties, Inc. is a real estate investment trust, which engages in managing seniors housing and health care properties. Its property portfolio includes skilled nursing facilities, assisted living facilities, independent living facilities, and memory care facilities.

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