LTC Properties, Inc. (LTC) to Distribute Monthly Dividend of $0.19 on December 31st

LTC Properties, Inc. (NYSE:LTC) declared a monthly dividend on Thursday, October 1st. Investors of record on Wednesday, December 23rd will be paid a dividend of $0.19 per share by the real estate investment trust on Thursday, December 31st. This represents a $2.28 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Wednesday, December 23rd.

LTC Properties has a dividend payout ratio of 118.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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

LTC stock opened at $42.94 on Friday. The company has a current ratio of 8.60, a quick ratio of 8.60 and a debt-to-equity ratio of 0.58. LTC Properties has a 12-month low of $33.64 and a 12-month high of $43.60. The stock has a 50-day moving average price of $41.27 and a two-hundred day moving average price of $39.40. The company has a market cap of $2.31 billion, a PE ratio of 15.85 and a beta of 0.55.

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

Insider Transactions at LTC Properties

In related news, Director Timothy Triche sold 3,125 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $39.54, for a total transaction of $123,562.50. Following the completion of the sale, the director directly owned 37,786 shares of the company’s stock, valued at $1,494,058.44. This represents a 7.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David L. Gruber purchased 3,500 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $38.30 per share, for a total transaction of $134,050.00. Following the acquisition, the director directly owned 47,545 shares of the company’s stock, valued at $1,820,973.50. This represents a 7.95% increase in their position. The disclosure for this purchase is available in the SEC filing. 2.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LTC Properties

A number of institutional investors and hedge funds have recently modified their holdings of the stock. QRG Capital Management Inc. raised its holdings in LTC Properties by 8.1% during the 2nd quarter. QRG Capital Management Inc. now owns 10,684 shares of the real estate investment trust’s stock worth $411,000 after buying an additional 805 shares during the period. Anchor Investment Management LLC raised its holdings in shares of LTC Properties by 20.9% during the second quarter. Anchor Investment Management LLC now owns 5,395 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 932 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of LTC Properties in the 2nd quarter valued at approximately $241,000. Tidal Investments LLC acquired a new position in LTC Properties in the 2nd quarter worth approximately $201,000. Finally, Integrated Wealth Concepts LLC purchased a new position in LTC Properties during the 2nd quarter worth approximately $72,000. 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.