LTC Properties, Inc. to Issue Monthly Dividend of $0.19 (NYSE:LTC)

LTC Properties, Inc. (NYSE:LTC) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Friday, August 21st will be given a dividend of 0.19 per share by the real estate investment trust on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Friday, August 21st.

LTC Properties has a payout ratio of 118.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect LTC Properties to earn $2.67 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 85.4%.

LTC Properties Stock Performance

Shares of LTC traded up $0.34 during midday trading on Wednesday, hitting $38.80. 398,572 shares of the stock traded hands, compared to its average volume of 440,182. The business’s 50 day moving average price is $37.70 and its two-hundred day moving average price is $37.42. The firm has a market capitalization of $1.99 billion, a PE ratio of 15.71 and a beta of 0.57. The company has a debt-to-equity ratio of 0.73, a quick ratio of 9.20 and a current ratio of 9.20. LTC Properties has a 1-year low of $33.64 and a 1-year high of $40.80.

LTC Properties (NYSE:LTC) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.17. The business had revenue of $94.41 million for the quarter, compared to analysts’ expectations of $72.98 million. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The company’s revenue for the quarter was up 94.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Equities research analysts predict that LTC Properties will post 2.77 EPS for the current fiscal year.

LTC Properties Company Profile

LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that specializes in financing and investing in long-term health care properties. The company focuses on providing capital to operators of senior housing and health care facilities through sale-leaseback transactions, mortgage financings and structured finance arrangements. Its portfolio primarily comprises skilled nursing facilities, assisted living communities and memory care centers.

Since its founding in 1992, LTC Properties has built a diversified portfolio of properties located across the United States.