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

LTC Properties, Inc. (NYSE:LTC) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Thursday, July 23rd will be paid a dividend of 0.19 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Thursday, July 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 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 Up 0.9%

NYSE LTC traded up $0.34 on Wednesday, reaching $38.80. 398,572 shares of the company were exchanged, compared to its average volume of 440,182. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73. The business’s fifty day moving average price is $37.70 and its 200 day moving average price is $37.42. The stock has a market capitalization of $1.99 billion, a P/E ratio of 15.71 and a beta of 0.57. LTC Properties has a fifty-two week low of $33.64 and a fifty-two week high of $40.80.

LTC Properties (NYSE:LTC) last posted its quarterly 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. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The business had revenue of $94.41 million during the quarter, compared to analysts’ expectations of $72.98 million. During the same quarter in the prior year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 94.7% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. Analysts forecast 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.