LTC Properties: Recovering But Still Risky

Mar. 05, 2023 6:22 AM ETLTC Properties, Inc. (LTC) Stock7 Comments4 Likes
David Ksir profile picture
David Ksir
Investing Group Leader

Summary

  • I've made the case for investing into senior housing REITs in my recent articles on Sabra Healthcare and Welltower.
  • In this article, I present my analysis of LTC Properties which is a combination of a traditional senior housing REIT and a mortgage REIT.
  • The company is slowly recovering and its 6.4% monthly dividend is quite dependable.
  • Still, there are risks that lead me to a HOLD rating for now.

AND-ONE/iStock via Getty Images

Dear readers/followers,

I've recently covered two REITs focused on senior housing - Welltower (WELL) and Sabra Health Care (SBRA). Despite anticipated tailwinds for the industry which outlined in those articles, I didn't find

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About LTC Stock

SymbolLast Price% Chg
LTC
36.23-0.03%
Created with Highcharts 11.2.020242023202220212020255075
FFO (FWD)
2.67
P/FFO (FWD)
13.57
Div Rate
$2.28
Yield
6.29%
Short Interest
3.17%
Market Cap
$1.58B
Volume
6,810
Compare to Peers

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