LTC Properties, Inc. (LTC) To Go Ex-Dividend on October 22nd

LTC Properties, Inc. (NYSE:LTC) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 22nd will be given a dividend of $0.19 per share by the real estate investment trust on Friday, October 30th. This represents a $2.28 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Thursday, October 22nd.

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 $2.89 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 Price Performance

LTC Properties stock opened at $42.94 on Friday. The firm has a fifty day moving average of $41.27 and a 200-day moving average of $39.40. LTC Properties has a 52-week low of $33.64 and a 52-week high of $43.60. The company has a quick ratio of 8.60, a current ratio of 8.60 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2.31 billion, a P/E ratio of 15.85 and a beta of 0.55.

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 firm had revenue of $98.08 million for the quarter, compared to analyst estimates of $79.01 million. During the same period in the previous year, the company posted $0.68 EPS. LTC Properties’s revenue for the quarter was up 63.6% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, analysts predict that LTC Properties will post 2.78 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LTC shares. Deutsche Bank Aktiengesellschaft raised shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Thursday, August 27th. Weiss Ratings cut shares of LTC Properties from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, September 24th. Huntington started coverage on LTC Properties in a research report on Thursday, September 10th. They set an “outperform” rating and a $47.00 target price on the stock. Wells Fargo & Company boosted their price target on LTC Properties from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 1st. Finally, Royal Bank Of Canada increased their price target on LTC Properties from $45.00 to $52.00 and gave the company an “outperform” rating in a report on Friday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.50.

About LTC Properties

LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that invests in healthcare-related properties. The company focuses primarily on senior housing and healthcare real estate, including assisted living, memory care, independent living and skilled nursing facilities.

LTC supports its portfolio through a range of investment structures, including property acquisitions, long-term leases, mortgage loans, mezzanine financing, preferred equity investments and joint ventures. Its properties are generally operated by third-party healthcare providers under lease or other investment arrangements.

Founded in 1992, LTC Properties serves markets across the United States.