LTC Properties (LTC) PT Raised to $52 at RBC Capital

RBC Capital analyst Michael Carroll raised the price target on LTC Properties (NYSE: LTC) to $52.00 (from $45.00) while maintaining a Outperform rating.

The analyst commented: "NDR highlights ongoing SHOP expansion; We recently hosted an NDR with the executive management team. LTC has been successful moving to a SHOP focused REIT, and this should translate into better earnings growth particularly in 2028. Specifically, we expect the in-place portfolio will deliver healthy organic growth, and while investments will be only minimally earnings accretive, it will further fuel the SHOP transition. Therefore, we are reiterating our Outperform rating and increasing our price target to $52/share (reflects a higher target multiple)."

You May Also Be Interested In

• First Watch (FWRG) PT Lowered to $15 at DA Davidson, Buy Rating Maintained
• Change in Nonfarm Payrolls (Sep) 29K vs 90K Expected, Unemployment Rate 4.2%
• CIGNA (CI) PT Raised to $370 at Piper Sandler