LTC Properties, Inc. (LTC, Financial) has named David Boitano as its new Executive Vice President and Chief Investment Officer. This strategic appointment follows the recent promotion of Clint Malin to Co-CEO in December 2024. Boitano, a seasoned professional in the seniors housing and healthcare finance sector, brings a wealth of experience to LTC.
Boitano has an extensive track record, having previously worked at Ventas, where he was instrumental in sourcing investments, including the Ridea structure. During his tenure, he was directly responsible for underwriting transactions exceeding $5 billion. This expertise is expected to bolster LTC’s investment strategies and growth in the healthcare real estate market.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for LTC Properties Inc (LTC, Financial) is $37.29 with a high estimate of $42.00 and a low estimate of $34.00. The average target implies an upside of 4.30% from the current price of $35.75. More detailed estimate data can be found on the LTC Properties Inc (LTC) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, LTC Properties Inc's (LTC, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for LTC Properties Inc (LTC, Financial) in one year is $23.18, suggesting a downside of 35.16% from the current price of $35.75. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the LTC Properties Inc (LTC) Summary page.
