LTC Properties price target raised to $41 from $38 at RBC Capital

RBC Capital raised the firm’s price target on LTC Properties (LTC) to $41 from $38 and keeps a Sector Perform rating on the shares after hosting the company’s management for non-deal roadshow. The company continues to aggressively expand its SHOP – Senior Housing Operating Portfolio – platform, though the firm continues to believe these headline growth rates will not fully reflect the SHOP transition until 2028, the analyst tells investors in a research note.