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Analysts at MLV & Co
assumed coverage on shares of LTC Properties (NYSE:LTC) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $42.00 price target on the stock. MLV & Co
‘s price target would indicate a potential upside of 8.42% from the stock’s previous close.

Shares of LTC Properties (NYSE:LTC) traded up 0.44% on Friday, hitting $38.91. The stock had a trading volume of 69,722 shares. LTC Properties has a 52 week low of $34.30 and a 52 week high of $41.84. The stock has a 50-day moving average of $39.41 and a 200-day moving average of $37.78. The company has a market cap of $1.355 billion and a P/E ratio of 22.84.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.63 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.64 by $0.01. Analysts expect that LTC Properties will post $2.60 EPS for the current fiscal year.

LTC Properties, Inc a health care real estate investment trust (NYSE:LTC).

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