LTC Properties Receives a Hold from RBC Capital

By Ryan Adsit

In a report released yesterday, Frank Morgan from RBC Capital reiterated a Hold rating on LTC Properties (NYSE: LTC), with a price target of $50. The company’s shares opened today at $51.29.

According to TipRanks.com, Morgan is a top 100 analyst with an average return of 16.2% and a 74.0% success rate. Morgan covers the Services sector, focusing on stocks such as Fresenius Medical Care Corp, Quest Diagnostics Inc, and Team Health Holdings.

LTC Properties has an analyst consensus of Moderate Buy, with a price target consensus of $52.75.

The company has a one year high of $54.20 and a one year low of $43.17. Currently, LTC Properties has an average volume of 188.9K.

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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.