LTC Properties Inc (NYSE:LTC) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 9, 2016
Zacks Investment Research has downgraded LTC Properties Inc (NYSE:LTC) to Sell in a statement released on Wednesday October 05, 2016.
On 8/15/2016, Canaccord released a statement for LTC Properties Inc (NYSE:LTC) bumped up the target price from $54.00 to $58.00 that suggested an upside of 0.11%.
Yesterday LTC Properties Inc (NYSE:LTC) traded -0.24% lower at $50.32. The company’s 50-day moving average is $51.68 and its 200-day moving average is $49.68. The last stock close price is up -1.53% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 182,521 shares of the stock were exchanged, up from an average trading volume of 181,732
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LTC Properties Inc has a 52 week low of $40.02 and a 52 week high of $54.20 with a P/E ratio of 23.17 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $51.83 with 1 firm rating the stock a strong buy, 3 firms rating the stock a buy, 6 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About LTC Properties Inc (NYSE:LTC)
LTC Properties Inc. is a healthcare real estate investment trust. The Company invests in senior housing and long-term care properties through acquisitions, development, mortgage loans and other investments. Its primary senior housing and long term healthcare property types include skilled nursing properties (SNF), assisted living properties (ALF), independent living properties (ILF), memory care properties (MC) and combinations thereof. SNFs provide restorative, rehabilitative and nursing care for people at acute care hospitals. ALFs serve elderly persons requiring assistance with activities of daily living. ILFs, also known as retirement communities, offer various levels of service, such as laundry, housekeeping, dining options/meal plans, exercise and wellness programs, transportation, social, cultural and recreational activities, on site security and emergency response programs. MCs offer specialized options for seniors with Alzheimer's disease and other forms of dementia.
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