In a report released on September 30, Richard Anderson from Wedbush initiated coverage with a Hold rating on LTC Properties and a price target of $38.00. The company’s shares closed yesterday at $37.03.
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According to TipRanks, Anderson is a 4-star analyst with an average return of 8.4% and a 68.31% success rate. Anderson covers the Real Estate sector, focusing on stocks such as AvalonBay, Douglas Emmett, and LTC Properties.
Currently, the analyst consensus on LTC Properties is a Hold with an average price target of $39.00, representing a 5.32% upside. In a report released on September 24, BMO Capital also upgraded the stock to a Hold with a $39.00 price target.
LTC market cap is currently $1.71B and has a P/E ratio of 20.21.
Read More on LTC:
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