MetLife Inc. Stock Falls Wednesday, Underperforms Market

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LTC Properties Inc. is a real estate investment trust (REIT). The Company invests in seniors housing and health care properties through sale-leasebacks, mortgage financing, joint ventures, construction financing and structured finance solutions including preferred equity and mezzanine lending. It invests in various properties, including skilled nursing centers (SNF), which provides restorative, rehabilitative and nursing care; Assisted living facilities (ALF), which serves people who require assistance with activities of daily living; Independent living facilities (ILF), also known as retirement communities or senior apartments, offers a community and numerous levels of service, such as laundry, housekeeping, dining options/meal plans, exercise and wellness programs, transportation, social, cultural and recreational activities, on-site security, and others, and Memory care facilities (MC), which offers specialized options for people with Alzheimer’s disease and other forms of dementia.

MetLife Inc. Stock Falls Wednesday, Underperforms Market

5:09 pm ET March 22, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of MetLife Inc. (MET) slid 4.13% to $56.11 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.65% to 3,936.97 and Dow Jones Industrial Average falling 1.63% to 32,030.11. The stock's fall snapped a two-day winning streak. MetLife Inc. closed $21.25 short of its 52-week high ($77.36), which the company achieved on November 25th.

Trading volume (5.6 M) eclipsed its 50-day average volume of 5.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 22, 2023.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 22, 2023 17:09 ET (21:09 GMT)