LTC Properties, Inc. (LTC) to Distribute Monthly Dividend of $0.19 on November 30th

LTC Properties, Inc. (NYSE:LTC) declared a monthly dividend on Thursday, October 1st. Investors of record on Friday, November 20th will be paid a dividend of $0.19 per share by the real estate investment trust on Monday, November 30th. This represents a $2.28 annualized dividend and a yield of 5.3%. The ex-dividend date is Friday, November 20th.

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. 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 Price Performance

Shares of LTC stock opened at $42.94 on Friday. LTC Properties has a twelve month low of $33.64 and a twelve month high of $43.60. The company has a current ratio of 8.60, a quick ratio of 8.60 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $41.27 and a two-hundred day simple moving average of $39.40. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 15.85 and a beta of 0.55.

LTC Properties (NYSE:LTC) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.08. The firm had revenue of $98.08 million during 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 quarterly revenue was up 63.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. On average, analysts predict that LTC Properties will post 2.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LTC shares. Nomura raised LTC Properties to a “neutral” rating in a research report on Friday, August 14th. Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft raised shares of LTC Properties from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Thursday, August 27th. Huntington assumed coverage on LTC Properties in a research report on Thursday, September 10th. They issued an “outperform” rating and a $47.00 target price on the stock. Finally, Weiss Ratings cut LTC Properties from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, September 24th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, LTC Properties has an average rating of “Moderate Buy” and a consensus target price of $46.50.

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.