Wedbush analyst Richard Anderson lowered the firm’s price target on LTC Properties to $36 from $37 and keeps an Outperform rating on the shares. The skilled nursing and senior housing sectors had a strong quarter with rent coverage, occupancy, Medicare/Medicaid reimbursements, and senior housing RevPOR growth all moving in a positive direction, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LTC:
- Ex-Dividend Date Nearing for These 10 Stocks – Week of February 19, 2024
- LTC Properties reports Q4 FFO 57c, consensus 69c
- LTC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- LTC Properties initiated with a Hold at Deutsche Bank
- Ex-Dividend Date Nearing for These 10 Stocks – Week of January 22, 2024
Questions or Comments about the article? Write to editor@tipranks.com