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

LTC Properties, Inc. (NYSE:LTC) declared a monthly dividend on Thursday, October 1st. Shareholders 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 dividend yield of 5.3%. The ex-dividend date of this dividend 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 research 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 Stock Performance

Shares of LTC stock traded down $0.20 on Thursday, hitting $42.67. The company had a trading volume of 633,217 shares, compared to its average volume of 487,474. LTC Properties has a twelve month low of $33.64 and a twelve month high of $43.60. The company has a quick ratio of 8.60, a current ratio of 8.60 and a debt-to-equity ratio of 0.58. The firm has a market cap of $2.30 billion, a P/E ratio of 15.75 and a beta of 0.58. The company has a 50-day moving average price of $41.24 and a 200-day moving average price of $39.35.

LTC Properties (NYSE:LTC) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.48 by $0.08. The firm had revenue of $98.08 million for the quarter, compared to analyst estimates of $79.01 million. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.LTC Properties’s revenue for the quarter was up 63.6% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, equities research analysts predict that LTC Properties will post 2.78 earnings per share for the current fiscal year.

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.