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

LTC Properties, Inc. (NYSE:LTC) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Thursday, July 23rd will be given a dividend of 0.19 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Thursday, July 23rd.

LTC Properties has a dividend 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 research 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 Stock Performance

Shares of NYSE:LTC traded up $0.34 during midday trading on Wednesday, reaching $38.80. The company’s stock had a trading volume of 398,572 shares, compared to its average volume of 440,182. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 0.73. The stock has a fifty day moving average of $37.70 and a 200 day moving average of $37.42. LTC Properties has a twelve month low of $33.64 and a twelve month high of $40.80. The firm has a market capitalization of $1.99 billion, a PE ratio of 15.71 and a beta of 0.57.

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