LTC Properties Gets a Hold Rating from KeyBanc

By Austin Angelo

In a report issued on September 15, Jordan Sadler from KeyBanc reiterated a Hold rating on LTC Properties (NYSE: LTC). The company’s shares closed on Friday at $48.93.

According to TipRanks.com, Sadler is a 4-star analyst with an average return of 4.2% and a 60.5% success rate. Sadler covers the Financial sector, focusing on stocks such as Apartment Investment & Management, National Storage Affiliates Trust, and Retail Properties of America Inc.

Currently, the analyst consensus on LTC Properties is Hold and the average price target is $49.60, representing a 1.4% upside.

In a report issued on September 13, Stifel Nicolaus also reiterated a Hold rating on the stock with a $46 price target.

Based on LTC Properties’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $42.47 million and quarterly net profit of $25.27 million. In comparison, last year the company earned revenue of $40 million and had a net profit of $22.08 million.

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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.