LTC Stock Summary and Trading Ideas (LTC Properties | NYSE:LTC)

LTC Properties Inc is a healthcare facility real estate investment trust. The company operates one segment that works to invest in seniors housing and healthcare facilities through mortgage loans, property lease transactions, and other investments. Its real estate investments includes different types of properties such as Independent living communities, Assisted living communities, Memory care communities, Skilled nursing centers and other types of properties.

LTC Properties trades on the NYSE stock market under the symbol LTC.

As of April 19, 2024, LTC stock price climbed to $31.80 with 275,046 million shares trading.

LTC has a beta of 0.84, meaning it tends to be less sensitive to market movements. LTC has a correlation of 0.31 to the broad based SPY ETF.

LTC has a market cap of $1.38 billion. This is considered a Small Cap stock.

In the last 3 years, LTC stock traded as high as $45.49 and as low as $30.30.

The top ETF exchange traded funds that LTC belongs to (by Net Assets): IJR, VNQ, VTI, VB, IWM.

LTC has underperformed the market in the last year with a return of -0.8%, while the SPY ETF gained +21.2%. In the last 3 month period, LTC fell short of the market, returning +2.2%, while SPY returned +4.3%. However, in the most recent 2 weeks LTC has outperformed the stock market by returning +1.0%, while SPY returned -3.5%.

LTC support price is $31.12 and resistance is $31.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LTC stock will trade within this expected range on the day.