LTC Properties, Inc. to Issue Monthly Dividend of $0.19 (NYSE:LTC)

LTC Properties, Inc. (NYSE:LTC) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Thursday, July 23rd will be given a dividend of 0.19 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Thursday, July 23rd.

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. 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 Price Performance

Shares of NYSE:LTC opened at $38.80 on Thursday. The company 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 52 week low of $33.64 and a 52 week high of $40.80. The business has a fifty day simple moving average of $37.69 and a 200-day simple moving average of $37.45.

LTC Properties (NYSE:LTC) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.17. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The firm had revenue of $94.41 million for the quarter, compared to the consensus estimate of $72.98 million. During the same period in the prior year, the business posted $0.65 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that LTC Properties will post 2.77 EPS for the current year.

Insider Activity

In other news, Director David L. Gruber purchased 4,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was bought at an average cost of $38.41 per share, for a total transaction of $153,640.00. Following the completion of the purchase, the director directly owned 44,045 shares of the company’s stock, valued at $1,691,768.45. The trade was a 9.99% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David M. Boitano acquired 10,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was purchased at an average price of $34.77 per share, for a total transaction of $347,700.00. Following the completion of the acquisition, the executive vice president owned 46,160 shares in the company, valued at approximately $1,604,983.20. This trade represents a 27.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of LTC Properties

Institutional investors and hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. lifted its position in LTC Properties by 153.1% during the first quarter. Optiver Holding B.V. now owns 772 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 467 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of LTC Properties by 187.5% in the fourth quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 587 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of LTC Properties in the third quarter worth $41,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of LTC Properties by 33.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 340 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in shares of LTC Properties by 27.7% in the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 348 shares during the period. Institutional investors and hedge funds own 69.25% of the company’s stock.

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.