NEW YORK (
) hit a new 52-week high Monday as it traded at $28.99 compared with its previous 52-Week high of $28.76. LTC is changing hands at $28.95 with 12,870 shares traded as of 10 a.m. ET. Average volume has been 143,500 shares over the past 30 days.
LTC has a market cap of $737.4 million and is part of the
industry. Shares are up 2.4% year to date as of the close of trading on Friday.
LTC Properties, Inc. operates as a health care real estate investment trust (REIT) in the United States. The company primarily invests in long-term care and other health care related properties through mortgage loans, property lease transactions, and other investments. The company has a P/E ratio of 23.7, above the average real estate industry P/E ratio of 23.3 and above the S&P 500 P/E ratio of 22.6.
TheStreet Ratings rates LTC as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full
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