LTC Properties

LTC · NYSE

$42.87+$0.55 (+1.30%)TodayMarket closed · Oct 20, 7:52 PM ET

Prev close $42.32

LTC analyst rating

HoldConsensus of 4 analysts over the last 12 months. 25% rate it a buy.

Strong buy0
Buy1
Hold3
Underperform0
Sell0

12-month price target · 9 analysts

Average $46.15 (+7.7% upside)

Low: $40.40
Now: $42.87
High: $57.75

Upgrades and downgrades

The latest rating actions, newest first

LTC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Wells Fargo	Oct 19, 2026	Maintains	Equal-Weight	$42.00 → $43.00	48%
RBC Capital	Oct 2, 2026	Maintains	Outperform	$45.00 → $52.00	58%
Wells Fargo	Sep 1, 2026	Maintains	Equal-Weight	$40.00 → $42.00	51%
RBC Capital	Aug 14, 2026	Upgrade	Sector Perform → Outperform	$41.00 → $45.00	58%
Wells Fargo	Jun 1, 2026	Maintains	Equal-Weight	$39.00 → $40.00	51%
Cantor Fitzgerald	May 11, 2026	Maintains	Neutral	$42.00 → $40.00	55%
Wells Fargo	Mar 26, 2026	Maintains	Equal-Weight	$37.00 → $39.00	51%
RBC Capital	Mar 20, 2026	Maintains	Sector Perform	$38.00 → $41.00	58%
Wells Fargo	Nov 25, 2025	Maintains	Equal-Weight	$36.00 → $37.00	51%
RBC Capital	Nov 10, 2025	Maintains	Sector Perform	$37.00 → $38.00	58%

The case for and against

Updated Oct 18, 2026

Bull case

LTC Properties is viewed favorably because its accelerated shift toward a SHOP-focused REIT should improve earnings quality, diversify away from lower-growth net lease exposure, and better capture industry tailwinds from rising occupancy and a healthy revPOR-expPOR spread. Management has also executed well on capital recycling, with $566 million of SHOP investments completed in 3Q26 and $464 million of sales and repayments, supporting the path to 50% SHOP concentration by YE26 and potentially ~75% by YE28. With the core SHOP portfolio expected to deliver about 14% organic growth in 2026 and low- to mid-teens growth thereafter, the company appears positioned for stronger AFFO expansion and multiple support as the transition matures.

Bear case

LTC Properties is facing a negative fundamental setup because its newly formed SHOP platform may deliver only modest growth after capex, while management may need more aggressive execution to support the operating platform. The outlook is further constrained by the SNF industry's reliance on Medicare and Medicaid, making operators vulnerable to reimbursement cuts, tighter regulation, and weaker profitability, while tenant disruptions have already caused rent disruption and could recur. With earnings potentially drifting 5%-10% below estimates and a valuation multiple that could contract to about 11x, the company also faces a cost-of-capital challenge that could limit new investment activity.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.