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LTC Properties (NYSE:LTC)’s share price reached a new 52-week high during trading on Thursday , American Banking News reports. The stock traded as high as $41.17 and last traded at $40.88, with a volume of 39,434 shares trading hands. The stock had previously closed at $40.96.

Separately, analysts at MLV & Co
initiated coverage on shares of LTC Properties in a research note on Friday, June 27th. They set a “buy” rating and a $42.00 price target on the stock.

The stock’s 50-day moving average is $39. and its 200-day moving average is $38.66. The company has a market cap of $1.417 billion and a P/E ratio of 22.41.

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

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