2024-02-23 08:45:00 ET
Summary
- LTC Properties, a healthcare REIT, is trading at a discounted valuation resulting in a dividend yield above 7%.
- The company invests in skilled nursing and assisted living properties, with a focus on states with higher projected increases in the 80+ age population.
- Despite near-term challenges, LTC has made progress in resolving tenant issues and has the potential for future FFO/share growth.
Most investors who follow the Healthcare REIT industry know that seniors housing and nursing facilities have been under pressure since 2020 due to the pandemic, and this coupled with higher interest rates have resulted in depressed share prices for many of those REITS....
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LTC Properties: Undervalued 7% Yield Poised For A Rebound