LTC Properties, Inc. (LTC) to Distribute Monthly Dividend of $0.19 on October 30th

LTC Properties, Inc. (NYSE:LTC) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 22nd will be given a dividend of $0.19 per share by the real estate investment trust on Friday, October 30th. This represents a $2.28 annualized dividend and a yield of 5.4%. The ex-dividend date is Thursday, October 22nd.

LTC Properties has a dividend 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 $2.89 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 78.9%.

LTC Properties Price Performance

Shares of NYSE:LTC opened at $42.39 on Tuesday. The company has a 50-day simple moving average of $41.85 and a 200-day simple moving average of $39.81. LTC Properties has a one year low of $33.64 and a one year high of $44.30. The company has a debt-to-equity ratio of 0.58, a quick ratio of 8.60 and a current ratio of 8.60. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 15.83 and a beta of 0.55.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The firm had revenue of $98.08 million for the quarter, compared to analyst estimates of $79.01 million. During the same period last year, the firm posted $0.68 EPS. LTC Properties’s quarterly revenue was up 63.6% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. On average, analysts predict that LTC Properties will post 2.78 EPS for the current year.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, Director David Gruber bought 3,500 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $38.30 per share, with a total value of $134,050.00. Following the completion of the transaction, the director owned 47,545 shares in the company, valued at $1,820,973.50. The trade was a 7.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc grew its position in LTC Properties by 8.6% in the 2nd quarter. IFP Advisors Inc now owns 3,079 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 245 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of LTC Properties by 39.2% during the third quarter. Farther Finance Advisors LLC now owns 1,256 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 354 shares during the last quarter. Nissay Asset Management Corp Japan lifted its position in shares of LTC Properties by 5.8% during the second quarter. Nissay Asset Management Corp Japan now owns 7,999 shares of the real estate investment trust’s stock worth $308,000 after purchasing an additional 439 shares during the last quarter. Assetmark Inc. lifted its position in shares of LTC Properties by 2.5% during the first quarter. Assetmark Inc. now owns 19,129 shares of the real estate investment trust’s stock worth $711,000 after purchasing an additional 462 shares during the last quarter. Finally, Optiver Holding B.V. boosted its stake in shares of LTC Properties by 153.1% during the first quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 467 shares during the period. 69.25% of the stock is owned by institutional investors and hedge funds.

About LTC Properties

LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that invests in healthcare-related properties. The company focuses primarily on senior housing and healthcare real estate, including assisted living, memory care, independent living and skilled nursing facilities.

LTC supports its portfolio through a range of investment structures, including property acquisitions, long-term leases, mortgage loans, mezzanine financing, preferred equity investments and joint ventures. Its properties are generally operated by third-party healthcare providers under lease or other investment arrangements.

Founded in 1992, LTC Properties serves markets across the United States.