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

LTC Properties, Inc. (NYSE:LTC) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, February 20th will be paid a dividend of 0.19 per share by the real estate investment trust on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Friday, February 20th.

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 analysts expect LTC Properties to earn $2.72 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 83.8%.

LTC Properties Trading Up 0.7%

NYSE:LTC traded up $0.24 during mid-day trading on Friday, reaching $34.62. The company’s stock had a trading volume of 451,322 shares, compared to its average volume of 351,821. The company’s fifty day simple moving average is $35.29 and its two-hundred day simple moving average is $35.42. The company has a debt-to-equity ratio of 0.90, a current ratio of 8.68 and a quick ratio of 8.68. LTC Properties has a twelve month low of $31.70 and a twelve month high of $37.25. The stock has a market cap of $1.65 billion, a P/E ratio of 48.08 and a beta of 0.62.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. LTC Properties had a net margin of 14.58% and a return on equity of 3.22%. The company had revenue of $50.05 million during the quarter, compared to the consensus estimate of $65.94 million. During the same quarter in the prior year, the company posted $0.78 EPS. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. LTC Properties has set its FY 2025 guidance at 2.690-2.710 EPS. On average, equities analysts predict that LTC Properties will post 2.79 EPS 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.