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

LTC Properties, Inc. (NYSE:LTC) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Tuesday, September 22nd will be given a dividend of 0.19 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date is Tuesday, September 22nd.

LTC Properties has a 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 $2.67 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 Up 0.9%

Shares of NYSE:LTC opened at $38.80 on Thursday. The stock has a market capitalization of $1.99 billion, a P/E ratio of 15.71 and a beta of 0.57. The stock’s 50-day moving average price is $37.69 and its 200-day moving average price is $37.45. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73. LTC Properties has a 12-month low of $33.64 and a 12-month high of $40.80.

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