
LTC Properties (LTC) Stock Forecast & Price Target
LTC Properties (LTC) Analyst Ratings
Bulls say
LTC Properties Inc has demonstrated an improved normalized EBITDAR coverage in its assisted living portfolio, increasing to 1.37x in Q3 2024 from 1.34x in Q2 2024, and a similar upward trend in its skilled nursing portfolio, rising to 1.95x from 1.91x over the same period. The company’s reduced leverage profile positions it favorably for future growth in its asset base, while adding operating exposure to senior housing through RIDEA presents an organic growth opportunity in a sector with strong industry fundamentals. Additionally, LTC's recent financial maneuvers, including the payoff of a significant mortgage loan and a profitable property sale, further bolster its operational strength and overall market position.
Bears say
LTC Properties Inc. is facing a projected decline in normalized Funds Available for Distribution (FAD) per share, decreasing from $2.74 and $2.85 in 2025 and 2026 to $2.67 and $2.79, which indicates weakening financial performance. Increased competition and escalating operating costs in the skilled nursing facility (SNF) and assisted living facility (ALF) sectors threaten the earnings of LTC's operators, potentially compromising their ability to fulfill financial obligations. Furthermore, capital redeployment challenges, along with decreased Core FFO estimates from $2.73 and $2.83 to $2.63 and $2.74 driven by slower leasing transitions and reliance on At-The-Market (ATM) issuance, contribute to the negative outlook on the company's financial health.
This aggregate rating is based on analysts' research of LTC Properties and is not a guaranteed prediction by Public.com or investment advice.
LTC Properties (LTC) Analyst Forecast & Price Prediction
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