BMO Capital analyst Juan Sanabria downgraded LTC Properties to Underperform from Market Perform with an unchanged price target of $38. The analyst sees the shares as overvalued given remaining tenant uncertainty with a post-COVID recovery taking longer than expected. He sees a risk Brookdale doesn’t renew its lease, necessitating a transition of a top tenant and potential rent degradation for LTC.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on LTC: