JMP Securities analyst Aaron Hecht upgraded LTC Properties (LTC) to Outperform from Market Perform with a $40 price target The firm expects “multiple tailwinds to result in outsized returns” for LTC. The company is is positioned to have a “unique value-creating year” in 2025 as management is enhancing the company’s long-term organic growth rate by establishing a senior housing portfolio, operators are fully recovered from the pandemic, which eliminates uncertainty around cash flow, and its leverage has declined to one of the lowest points on record, the analyst tells investors in a research note. JMP believes these factors occurring in tandem will ultimately lead LTC’s stock to be positively re-valued.
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