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LTC Properties: More Tenant Issues Cloud Outlook

May 02, 2021 4:04 PM ETLTC Properties, Inc. (LTC)18 Comments


  • LTC Properties reported a big miss in its Q1-2021 results.
  • The miss came as our thesis began to play out.
  • We update the risks and rewards of owning this REIT.
  • I do much more than just articles at Conservative Income Portfolio: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

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When we last covered LTC Properties Inc. (NYSE:LTC) it sat on the cusp of our Neutral and Sell zones. We fleshed out our thesis as follows.

The next two quarters will tell the

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Analyst’s Disclosure: I/we have no positions in any stocks mentioned, but may initiate a short position in LTC over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (18)

Mitch Cumstein profile picture
More issues of concern for LTC and the rest of the REITs that own SNFs. It's going to continue to be challenging even with the provision of government stimulus payments. skillednursingnews.com/...
Mitch Cumstein profile picture
This is some potentially bad news for LTC, OHI, and any other REITs with a large presence in Texas. skillednursingnews.com/...
@Mitch Cumstein , Thanks for the active link.
Mitch Cumstein profile picture
@kimbillro It's a good publication read by those in the business.
@Mitch Cumstein , I get a publication called Mitchell @Mitch...It's all about Michelin Tires!
My basis is the low $30 for a few hundred shares. May consider selling just the profit
@Priva-sea , Good luck!
With the CDC allowing couples who make less than $198,000 per year to stop paying rent for months at a time, I will never invest in any real estate projects. It's a mystery where the Federal government got the power to order that renters can stop paying rent.
@kimbillro Where's your source of information?
@jasonjones , I dunno!
Stranger in Town profile picture
@kimbillro No mystery at all, the USG can do whatever the hell it wants to do, it's got the guns to back it up.
Vandooman profile picture
Avoid turnarounds. There are lots of fish in the sea.
@Vandooman , Yes, but the number of fish are declining.
BullsDividends profile picture
I can buy LTC all day long
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