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

LTC Properties, Inc. (NYSE:LTC) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 22nd will be paid a dividend of $0.19 per share by the real estate investment trust on Friday, October 30th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Thursday, October 22nd.

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. 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

LTC opened at $42.67 on Friday. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 15.75 and a beta of 0.54. LTC Properties has a 52-week low of $33.64 and a 52-week high of $43.60. The firm’s fifty day simple moving average is $41.26 and its two-hundred day simple moving average is $39.38. The company has a quick ratio of 8.60, a current ratio of 8.60 and a debt-to-equity ratio of 0.58.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data 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 company had revenue of $98.08 million for the quarter, compared to analysts’ expectations 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 was up 63.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 EPS. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Equities analysts anticipate that LTC Properties will post 2.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LTC shares. Weiss Ratings downgraded shares of LTC Properties from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, September 24th. Huntington initiated coverage on LTC Properties in a report on Thursday, September 10th. They set an “outperform” rating and a $47.00 price target for the company. Nomura upgraded shares of LTC Properties to a “neutral” rating in a report on Friday, August 14th. Royal Bank Of Canada upgraded LTC Properties from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $41.00 to $45.00 in a report on Friday, August 14th. Finally, Citigroup restated a “market outperform” rating on shares of LTC Properties in a report on Wednesday, June 10th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, LTC Properties currently has a consensus rating of “Moderate Buy” and an average target price of $45.33.

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.