LTC Properties, Inc. (NYSE:LTC – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Investors of record on Friday, August 21st will be paid a dividend of 0.19 per share by the real estate investment trust on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Friday, August 21st.
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 research 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 Up 0.9%
LTC Properties stock opened at $38.80 on Thursday. The stock has a market cap of $1.99 billion, a P/E ratio of 15.71 and a beta of 0.57. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 0.73. LTC Properties has a twelve month low of $33.64 and a twelve month high of $40.80. The company’s 50-day moving average price is $37.69 and its two-hundred day moving average price is $37.45.
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.
Recommended Stories
- Five stocks we like better than LTC Properties
- Is the Memory Rally Still Alive After the Semiconductor Sell-Off?
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
Receive News & Ratings for LTC Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LTC Properties and related companies with MarketBeat.com's FREE daily email newsletter.
