LTC Properties upgraded to buy on growth, dividends, and strategic shift to assisted living.

LTC Properties, a senior-care REIT, has been upgraded to a buy due to favorable demographic trends, portfolio expansion, and consistent monthly dividends. The company is strategically shifting focus from skilled nursing to independent and assisted living, targeting a growing market segment and optimizing risk. Despite some operator concentration risks, LTC shows strong revenue and funds from operations growth, supported by geographic diversification and manageable debt. Its higher yield and market outperformance make it an attractive income investment, though supply and operator execution remain risks to watch.