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

LTC Properties, Inc. (NYSE:LTC) declared a monthly dividend on Wednesday, April 1st. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.19 per share by the real estate investment trust on Friday, May 29th. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Thursday, May 21st.

LTC Properties has a dividend 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. 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 LTC opened at $38.42 on Tuesday. LTC Properties has a 52-week low of $33.64 and a 52-week high of $40.80. 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 business’s 50 day moving average price is $38.43 and its two-hundred day moving average price is $37.08. The firm has a market cap of $1.97 billion, a PE ratio of 15.56 and a beta of 0.59.

LTC Properties (NYSE:LTC) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $72.98 million. During the same period in the previous year, the firm earned $0.65 earnings per share. The company’s 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, equities analysts anticipate that LTC Properties will post 2.77 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on LTC shares. Wells Fargo & Company boosted their price objective on LTC Properties from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, March 26th. Royal Bank Of Canada boosted their price objective on LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a report on Friday, March 20th. Weiss Ratings upgraded LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Finally, Cantor Fitzgerald decreased their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.40.

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.