
Shares of the real estate investment trust LTC Properties LTC.N up 1% at about $36 in premarket trading
BMO upgrades co's rating to "market perform" from "underperform", keeps PT unchanged at $39
Brokerage says LTC is ramping up its shift to senior housing operating portfolio under new co-CEOs
Notes co's solid balance sheet backs its acquisition plans, though tenant and recycling risks make near-term M&A unlikely as asset management gains importance
One of seven brokerages rate the stock "buy", five "hold" and one "sell"; their median PT is $37- data compiled by LSEG
As of last close, stock had risen 2.6% YTD