In a report released yesterday, Richard Anderson from Mizuho Securities reiterated a Hold rating on LTC Properties (NYSE: LTC), with a price target of $44. The company’s shares closed on Friday at $43.16.
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 5.6% and a 67.6% success rate. Anderson covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Hudson Pacific Properties, and National Health Investors.
The word on The Street in general, suggests a Hold analyst consensus rating for LTC Properties with a $42.75 average price target, a -0.9% downside from current levels. In a report issued on August 9, Stifel Nicolaus also reiterated a Hold rating on the stock with a $43 price target.
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Based on LTC Properties’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $68.66 million. In comparison, last year the company had a net profit of $25.27 million.
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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.
