LTC Properties, Inc. (LTC) to Distribute Monthly Dividend of $0.19 on September 30th

LTC Properties, Inc. (NYSE:LTC) announced a monthly dividend on Wednesday, July 1st. Investors of record on Tuesday, September 22nd will be paid a dividend of 0.19 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend 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 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 Stock Performance

Shares of LTC stock opened at $42.59 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60. The company’s fifty day moving average price is $40.98 and its two-hundred day moving average price is $39.12. The firm has a market capitalization of $2.30 billion, a P/E ratio of 15.72 and a beta of 0.58. LTC Properties has a 12 month low of $33.64 and a 12 month high of $43.60.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.The business had revenue of $98.08 million for the quarter, compared to analysts’ expectations of $79.01 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’s revenue was up 63.6% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. On average, research analysts anticipate that LTC Properties will post 2.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LTC. Deutsche Bank Aktiengesellschaft raised shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Thursday, August 27th. Royal Bank Of Canada upgraded LTC Properties from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $41.00 to $45.00 in a research note on Friday, August 14th. Huntington assumed coverage on LTC Properties in a report on Thursday, September 10th. They set an “outperform” rating and a $47.00 target price on the stock. Nomura upgraded LTC Properties to a “neutral” rating in a research report on Friday, August 14th. Finally, Weiss Ratings upgraded LTC Properties from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, September 8th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.43.

About LTC Properties

LTC Properties, Inc is a real estate investment trust (REIT) that invests in healthcare-related real estate, with a primary focus on senior housing and skilled nursing properties. The company owns, finances and leases properties to healthcare operators that provide long-term care and related services.

LTC’s portfolio activities include investments in assisted living communities, independent living facilities, memory care properties and skilled nursing centers. In addition to owning and leasing real estate, the company may provide mortgage loans and other financing to operators and participate in investments through joint ventures.

Founded in 1992 and headquartered in Westlake Village, California, LTC Properties serves the United States market.