Juan C. Sanabria, an analyst from BMO Capital, maintained the Sell rating on LTC Properties. The associated price target is $39.00.
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Juan C. Sanabria has given his Sell rating due to a combination of factors that, despite some positive developments, raise concerns about LTC Properties’ future performance. While the company has shown promising external growth and increased its investment in the SHOP segment, which is expected to enhance long-term growth, there are underlying issues that cannot be overlooked.
Despite beating expectations for adjusted FAD and FFO per share, and raising guidance for the year, the substantial planned investments and associated start-up costs could pose risks. The increased exposure to the SHOP segment, while potentially beneficial, also introduces a level of uncertainty and operational challenges that may impact the company’s financial stability. These factors contribute to a cautious outlook, justifying the Sell rating.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LTC in relation to earlier this year.