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

LTC Properties, Inc. (NYSE:LTC) announced a monthly dividend on Wednesday, April 1st. Investors of record on Monday, June 22nd will be paid a dividend of 0.19 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Monday, June 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. 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 Trading Down 0.1%

LTC opened at $36.35 on Friday. LTC Properties has a twelve month low of $33.64 and a twelve month high of $40.80. The company has a 50-day simple moving average of $37.93 and a 200 day simple moving average of $37.27. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 14.72 and a beta of 0.57.

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

Insider Buying and Selling at LTC Properties

In other news, EVP David M. Boitano purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were bought at an average cost of $34.77 per share, with a total value of $347,700.00. Following the completion of the transaction, the executive vice president directly owned 46,160 shares of the company’s stock, valued at approximately $1,604,983.20. This trade represents a 27.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David L. Gruber bought 4,000 shares of LTC Properties stock in a transaction dated Thursday, May 21st. The shares were bought at an average cost of $38.41 per share, with a total value of $153,640.00. Following the completion of the transaction, the director directly owned 44,045 shares in the company, valued at approximately $1,691,768.45. This trade represents a 9.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of LTC Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in LTC Properties by 75.0% during the third quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 300 shares during the period. Optiver Holding B.V. raised its position in 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 in the last quarter. Farther Finance Advisors LLC lifted its stake in LTC Properties by 187.5% during the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 587 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in LTC Properties during the third quarter worth about $41,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of LTC Properties by 33.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 340 shares in the last quarter. Institutional investors own 69.25% of the company’s stock.

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.