LTC Properties, Inc. (NYSE:LTC – Get Free Report) declared a monthly dividend on Thursday, October 1st. Investors of record on Friday, November 20th will be given a dividend of $0.19 per share by the real estate investment trust on Monday, November 30th. This represents a $2.28 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Friday, November 20th.
LTC Properties has a payout ratio of 118.7% indicating that 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 Trading Down 0.5%
NYSE:LTC opened at $42.67 on Friday. The company has a market capitalization of $2.30 billion, a P/E ratio of 15.75 and a beta of 0.54. The stock’s 50 day moving average price is $41.26 and its 200 day moving average price is $39.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 8.60 and a current ratio of 8.60. LTC Properties has a 52 week low of $33.64 and a 52 week high of $43.60.
LTC Properties Company Profile
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.
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