LTC Properties Inc (LTC) is Reiterated by Canaccord Genuity to Buy, Raises Price Target to $ 58

LTC Properties Inc (LTC) was Reiterated by Canaccord Genuity to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 58 from a previous price target of $54 . Canaccord Genuity advised their investors in a research report released on Aug 15, 2016.

Many Wall Street Analysts have commented on LTC Properties Inc. Mizuho Downgraded LTC Properties Inc on Jul 18, 2016 to ” Neutral”, Price Target of the shares are set at $53.LTC Properties Inc was Downgraded by Hilliard Lyons to ” Underperform” on Jun 29, 2016. LTC Properties Inc was Downgraded by RBC Capital Mkts to ” Sector Perform” on Jun 17, 2016.

LTC Properties Inc opened for trading at $52 and hit $53.02 on the upside on Friday, eventually ending the session at $52.12, with a gain of 0.23% or 0.12 points. The heightened volatility saw the trading volume jump to 1,80,786 shares. Company has a market cap of $2,044 M.

In a different news, on Jun 22, 2016, Clint B Malin (EVP & CIO) sold 2,000 shares at $49.52 per share price. According to the SEC, on Mar 22, 2016, Timothy Triche (director) sold 1,800 shares at $44.31 per share price. On Dec 28, 2015, Brent P. Chappell (SVP, Inv. & Portfolio Mgmt) sold 1,000 shares at $42.07 per share price, according to the Form-4 filing with the securities and exchange commission.

LTC Properties Inc. is a health care real estate investment trust (REIT). The Company primarily invests in senior housing and long term care properties through acquisitions development mortgage loans and other investments. The Company’s 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. As of December 31 2014 the Company’s portfolio includes 198 properties including 97 skilled nursing properties 92 assisted living properties eight range of care properties and others including a school and five parcels of land held for use. The Company’s subsidiaries include Albuquerque Real Estate Investments Inc. Bakersfield LTC Inc. Beaumont Real Estate Investments LP Broadway Real Estate Investments Inc. BV Holding LTC Inc. and Coronado Corporation among others.

LTC Properties Inc

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