LTC Properties price target lowered to $34 from $35 at Barclays

Barclays analyst Steve Valiquette lowered the firm’s price target on LTC Properties to $34 from $35 and keeps an Underweight rating on the shares post the Q1 results. The focus on the earnings call was on operator transitions and rent deferrals, while LTC also provided funds from operations guidance for Q2, breaking the trend of not providing guidance in prior quarters, the analyst tells investors in a research note.