LTC Properties (LTC) is one of those rare monthly dividend paying stocks that gets investors all excited on Seeking Alpha. Additionally, the company's yield at 5.1% is nothing to sneeze at either. We look at this one today and explain why we have enough going on under the hood to stay away at this point.
The Business
LTC Properties is a diversified healthcare REIT with investments predominantly in skilled nursing facilities (SNFs) and assisted living senior homes. At the year-end December 2018, LTC portfolio included 197 properties valued at over $1.67 billion.
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