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

LTC Properties, Inc. (NYSE:LTCGet 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.

LTC Properties (NYSE:LTCGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.17. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The company had revenue of $94.41 million during the quarter, compared to analysts’ expectations of $72.98 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business’s revenue was up 94.7% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. As a group, analysts expect that LTC Properties will post 2.77 EPS for the current year.

About LTC Properties

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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.

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Dividend History for LTC Properties (NYSE:LTC)

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