RBC Capital analyst Michael Carroll reiterated a Sell rating on LTC Properties (NYSE: LTC) on August 16 and set a price target of $39. The company’s shares closed yesterday at $45.82.
According to TipRanks.com, Carroll is a 4-star analyst with an average return of 7.7% and a 79.6% success rate. Carroll covers the Financial sector, focusing on stocks such as Industrial Logistics Properties Trust, Government Properties Income Trust, and MedEquities Realty Trust.
The word on The Street in general, suggests a Hold analyst consensus rating for LTC Properties with a $43 average price target.
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LTC Properties’ market cap is currently $1.82B and has a P/E ratio of 14.06. The company has a Price to Book ratio of 2.27.
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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.
