LTC Properties Sees Price Target Boost to $52.00 with 20.73% Upside Potential

LTC Properties (NYSE:LTC) is getting a boost from Royal Bank Of Canada analysts who have raised their price target to $52.00, representing a potential upside of 20.73% from its current price.

This move follows other research reports that have also increased their price targets for LTC Properties. In August, Deutsche Bank Aktiengesellschaft upgraded the stock from a 'hold' rating to a 'buy' rating with a price target of $55.00.

LTC Properties has been expanding its portfolio through acquisitions and divestitures. The company recently acquired three senior housing communities for nearly $160 million and declared a monthly dividend of $0.19 per share for October, November, and December.