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

LTC Properties, Inc. (NYSE:LTC) declared a monthly dividend on Thursday, October 1st. Investors of record on Wednesday, December 23rd will be given a dividend of $0.19 per share by the real estate investment trust on Thursday, December 31st. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Wednesday, December 23rd.

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. 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 opened at $42.67 on Friday. The business’s 50 day simple moving average is $41.26 and its 200 day simple moving average is $39.38. LTC Properties has a one year low of $33.64 and a one year high of $43.60. The stock has a market capitalization of $2.30 billion, a PE ratio of 15.75 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60.

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

About LTC Properties

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.