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BidaskClub downgraded LTC Properties Inc (NYSE:LTC) to Hold in a report released today.

Boasting a price of $50.37, LTC Properties Inc (NYSE:LTC) traded -3.75% lower on the day. The last closing price is up -4.12% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. The company has recorded a 50-day moving average of $50.80 and a two hundred day average of $48.49. Volume of trade was up over the average, with 624,411 shares of LTC changing hands over the typical 215,459

BidaskClub has downgraded LTC Properties Inc (NYSE:LTC) to Hold in a statement released on 7/08/2017.

Recent Performance Chart

LTC Properties Inc (NYSE:LTC)

LTC Properties Inc has 52 week low of $43.17 and a 52 week high of $54.20 with a P/E ratio of 20.44 and has a total market value of $0.

A total of 6 brokerages have issued a ratings update on LTC Properties Inc. One analyst rating the company a strong buy, three analysts rating the company a buy, 6 brokers rating the stock a hold, 0 equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target price of $51.83.

About LTC Properties Inc (NYSE:LTC)

LTC Properties Inc. is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. It invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC). SNF provides restorative, rehabilitative and nursing care. Many skilled nursing facilities provide ancillary services that include occupational, speech, physical, respiratory and IV therapies, as well as sub-acute care services, which are paid either by the patient, the patient's family, private health insurance, or through the federal Medicare or state Medicaid programs. ALF serves people requiring assistance with activities of daily living, but do not require the constant supervision skilled nursing facilities provide.

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