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

LTC Properties, Inc. (NYSE:LTC) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.19 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, September 22nd.

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. Equities 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 traded up $0.34 during mid-day trading on Wednesday, reaching $38.80. The company had a trading volume of 398,572 shares, compared to its average volume of 440,182. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 15.71 and a beta of 0.57. The business’s 50-day simple moving average is $37.70 and its 200 day simple moving average is $37.42. LTC Properties has a one year low of $33.64 and a one year 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.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data 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 net margin of 38.99% and a return on equity of 10.87%. The business had revenue of $94.41 million during the quarter, compared to analysts’ expectations of $72.98 million. During the same quarter in the prior year, the business posted $0.65 earnings per share. LTC Properties’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, research analysts predict that LTC Properties will post 2.77 earnings per share for the current fiscal year.

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.