Cantor Fitzgerald Starts LTC Properties (LTC) at Neutral

Cantor Fitzgerald analyst Richard Anderson initiates coverage on LTC Properties (NYSE: LTC) with a Neutral rating and a price target of $38.00.

The analyst comments: "We rate LTC Neutral based on a $38 price target (3.8% upside from current levels), which assumes a 2026E AFFO multiple of 12.7x (versus a 19.0x average for the REIT industry). We believe LTC is turning a positive corner with the faster-than-we-expected move into SHO and recently raised FFO guidance (half a penny) reflecting additional investment activity during 2025, including a new $60mm loan investment. By embarking into RIDEA, LTC is at least doubling its investment pace while also reducing more complicated structured finance deals (that were often aimed at mimicking RIDEA). Time will prove out if the enhanced growth profile is comparable to peers, while the company takes on added operating responsibilities that could initially test the platform."

For an analyst ratings summary and ratings history on LTC Properties click here. For more ratings news on LTC Properties click here.

Shares of LTC Properties closed at $36.86 yesterday.

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