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

LTC Properties, Inc. (NYSE:LTC) announced a monthly dividend on Wednesday, April 1st. Stockholders of record on Monday, June 22nd will be given a dividend of 0.19 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Monday, June 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. 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 Performance

LTC stock opened at $36.35 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 9.20 and a current ratio of 9.20. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 14.72 and a beta of 0.57. LTC Properties has a 1 year low of $33.64 and a 1 year high of $40.80. The stock’s fifty day moving average is $37.93 and its two-hundred day moving average is $37.27.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.17. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The firm had revenue of $94.41 million for the quarter, compared to analyst estimates of $72.98 million. During the same quarter in the previous year, the business posted $0.65 earnings per share. The firm’s quarterly revenue was up 94.7% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. On average, research analysts predict that LTC Properties will post 2.77 EPS for the current year.

LTC Properties Company Profile

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.