LTC Properties Gets a Hold Rating from RBC Capital

By Ryan Adsit

RBC Capital analyst Frank Morgan reiterated a Hold rating on LTC Properties (NYSE: LTC) yesterday and set a price target of $50. The company’s shares closed yesterday at $48.55.

According to, Morgan is a 5-star analyst with an average return of 12.4% and a 63.9% success rate. Morgan covers the Healthcare sector, focusing on stocks such as Fresenius Medical Care Corp, Quest Diagnostics Inc, and Surgery Partners Inc.

Currently, the analyst consensus on LTC Properties is Moderate Buy and the average price target is $53.67, representing a 10.5% upside.

In a report issued on May 9, BMO Capital also reiterated a Hold rating on the stock with a $50 price target.

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 194.2K.

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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.