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

LTC Properties, Inc. (NYSE:LTC) declared a monthly dividend on Wednesday, April 1st. Investors of record on Thursday, May 21st will be paid a dividend of 0.19 per share by the real estate investment trust on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Thursday, May 21st.

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. 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 opened at $38.42 on Tuesday. The stock has a 50 day moving average price of $38.43 and a 200 day moving average price of $37.08. 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 company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.56 and a beta of 0.59. LTC Properties has a 52-week low of $33.64 and a 52-week high of $40.80.

LTC Properties (NYSE:LTC) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. The firm had revenue of $94.41 million during the quarter, compared to the consensus estimate of $72.98 million. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The firm’s quarterly revenue was up 94.7% compared to the same quarter last year. 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. Research 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, Director David L. Gruber acquired 7,000 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was acquired at an average cost of $38.00 per share, with a total value of $266,000.00. Following the completion of the acquisition, the director owned 36,931 shares of the company’s stock, valued at $1,403,378. The trade was a 23.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On LTC Properties

Large investors have recently modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in shares of LTC Properties by 75.0% in the third quarter. Jones Financial Companies Lllp now owns 700 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 300 shares during the period. Farther Finance Advisors LLC raised its stake in shares of 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 purchased a new stake in shares of LTC Properties during the third quarter worth approximately $41,000. Hantz Financial Services Inc. raised its stake in shares of LTC Properties by 701.3% during the third quarter. Hantz Financial Services Inc. now owns 1,258 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,101 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of LTC Properties by 33.8% during the fourth 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 during the last quarter. 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 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.