LTC Properties, Inc. (NYSE:LTC) Shareholders to Get $0.19 Monthly Dividend

LTC Properties, Inc. (NYSE:LTC) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Wednesday, December 23rd will be paid 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 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. 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 Down 0.5%

Shares of LTC traded down $0.20 during trading hours on Thursday, hitting $42.67. 633,217 shares of the company were exchanged, compared to its average volume of 487,474. The company has a debt-to-equity ratio of 0.58, a quick ratio of 8.60 and a current ratio of 8.60. The company has a market cap of $2.30 billion, a PE ratio of 15.75 and a beta of 0.58. The firm’s 50 day moving average is $41.24 and its 200-day moving average is $39.35. LTC Properties has a 52 week low of $33.64 and a 52 week high of $43.60.

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

LTC Properties Company Profile

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.