Ltc Properties Stock Intrinsic Value – LTC Properties Re-Leases 10 Properties from Brookdale Senior Living Portfolio
August 15, 2023
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LTC ($NYSE:LTC) Properties Inc., a real estate investment trust specializing in seniors housing and healthcare properties, has announced the re-lease of 10 properties from the Brookdale Senior Living portfolio. With headquarters based in Westlake Village, California, LTC Properties Inc. is a publicly traded stock on NASDAQ. The company’s business focuses on leasing properties to operators in the long-term care and senior living industries. It primarily invests in private pay seniors housing and health care properties through sale-leasebacks, mortgage financing, joint ventures, and structured finance solutions. The 10 properties being re-leased by LTC Properties Inc. have been acquired from Brookdale Senior Living, a leading owner and operator of senior living communities in the United States.
The properties are located across the country in various states such as Alabama, Arizona, Connecticut, Kansas, Maryland, Minnesota, North Carolina, Ohio, Pennsylvania and Virginia. This re-leasing agreement is another sign that LTC Properties Inc. is committed to investing in quality senior housing and providing support to their valued tenants. It also shows their commitment to providing top-notch service and assistance to elderly individuals seeking quality senior living solutions.
Stock Price
On Tuesday, LTC PROPERTIES announced that it had re-leased 10 properties from Brookdale Senior Living Portfolio. This move caused the company’s stock to open at $34.5 and close at $34.6, a slight dip of 0.4% from its prior closing price of $34.7. With this move, LTC PROPERTIES is positioning itself to acquire additional properties and expand its portfolio, to provide better services for seniors all over the nation. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ltc Properties. More…
| Total Revenues | Net Income | Net Margin |
| 189.09 | 70.07 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ltc Properties. More…
| Operations | Investing | Financing |
| 103.68 | -261.53 | 158.48 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ltc Properties. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.86k | 998.63 | 19.92 |
Key Ratios Snapshot
Some of the financial key ratios for Ltc Properties are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 58.4% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Ltc Properties Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of LTC PROPERTIES‘s wellness and determined a fair value of its stock to be around $36.7. This calculation was done via our proprietary Valuation Line, which takes into account all the relevant factors of the company’s health. That being said, the stock is currently being traded at $34.6 – a fair price that is undervalued by 5.8%. Thus, it may be a good time to invest in LTC PROPERTIES for those who have been waiting for the perfect opportunity to enter the market. More…
Peers
The healthcare industry is highly competitive, with LTC Properties Inc competing against Omega Healthcare Investors Inc, Sabra Health Care REIT Inc, and Healthcare Realty Trust Inc. All four companies are striving to provide the best care possible to their patients while also maintaining profitability. While each company has its own strengths and weaknesses, LTC Properties Inc has been able to stay ahead of its competitors by continually innovating and expanding its services.
– Omega Healthcare Investors Inc ($NYSE:OHI)
Omega Healthcare Investors Inc is a real estate investment trust that specializes in investing in skilled nursing and assisted living facilities. As of December 31, 2020, the company owned 1,533 properties in 42 states and the United Kingdom. The company has a market cap of $7.46 billion as of April 2021.
– Sabra Health Care REIT Inc ($NASDAQ:SBRA)
Sabra Health Care REIT Inc is a real estate investment trust focused on the healthcare sector. The company’s portfolio includes skilled nursing facilities, assisted living facilities, memory care facilities, and other healthcare-related properties. As of December 31, 2020, Sabra Health Care REIT owned and operated 377 healthcare properties across the United States and Canada.
Sabra Health Care REIT’s market cap is 3.1B as of 2022. The company’s focus on the healthcare sector and its portfolio of healthcare-related properties makes it a valuable investment for those interested in the healthcare industry.
– Healthcare Realty Trust Inc ($NYSE:HR)
Healthcare Realty Trust Inc. is a real estate investment trust that focuses on owning, managing and developing healthcare-related properties. The company’s portfolio includes hospitals, medical office buildings, outpatient facilities and senior housing. As of December 31, 2020, Healthcare Realty Trust owned or had interests in 260 healthcare properties totaling approximately 23.6 million square feet of space.
Summary
LTC Properties Inc., a real estate investment trust, recently re-leased 10 properties from Brookdale Senior Living’s portfolio. This move is part of LTC’s comprehensive investment strategy in the seniors housing and care industry. The recent re-leasing of Brookdale Senior Living properties is expected to bring in additional revenue, helping LTC Properties Inc. continue to expand their investments in seniors housing and care.
Furthermore, the company plans to diversify their portfolio by investing in other sectors, such as medical office buildings and skilled nursing facilities. Overall, this move is a sound investment decision for LTC Properties Inc., and investors should remain optimistic about the company’s future.
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