LTC Properties, Inc. (LTC) to Distribute Monthly Dividend of $0.19 on August 31st

LTC Properties, Inc. (NYSE:LTC) announced 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) annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend 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. 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 Trading Up 1.0%

Shares of NYSE:LTC opened at $39.24 on Friday. The business’s 50 day simple moving average is $37.70 and its 200 day simple moving average is $37.48. LTC Properties has a 1 year low of $33.64 and a 1 year high of $40.80. The company has a debt-to-equity ratio of 0.73, a current ratio of 9.20 and a quick ratio of 9.20. The company has a market capitalization of $2.01 billion, a P/E ratio of 15.89 and a beta of 0.57.

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

Insider Activity at LTC Properties

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

Hedge Funds Weigh In On LTC Properties

Several large investors have recently modified their holdings of LTC. Optiver Holding B.V. lifted its holdings in shares of 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 worth $29,000 after purchasing an additional 467 shares during the period. Farther Finance Advisors LLC increased its holdings in 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 valued at $31,000 after purchasing an additional 587 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in LTC Properties by 33.8% in the fourth 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 purchasing an additional 340 shares during the period. Hantz Financial Services Inc. raised its position in LTC Properties by 27.7% during the 4th quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 348 shares during the last quarter. Finally, KBC Group NV acquired a new position in LTC Properties during the 1st quarter worth about $78,000. Institutional investors 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.