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

LTC Properties, Inc. (NYSE:LTC) declared a monthly dividend on Friday, January 2nd. Investors of record on Thursday, January 22nd will be paid a dividend of 0.19 per share by the real estate investment trust on Friday, January 30th. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Thursday, January 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. Research analysts expect LTC Properties to earn $2.72 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 83.8%.

LTC Properties Price Performance

Shares of LTC Properties stock opened at $36.88 on Tuesday. The firm has a market cap of $1.76 billion, a P/E ratio of 51.22 and a beta of 0.62. The firm’s 50-day simple moving average is $35.37 and its 200-day simple moving average is $35.49. LTC Properties has a twelve month low of $31.70 and a twelve month high of $37.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 8.68 and a current ratio of 8.68.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.04. The firm had revenue of $50.05 million during the quarter, compared to analyst estimates of $65.94 million. LTC Properties had a net margin of 14.58% and a return on equity of 3.22%. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 earnings per share. LTC Properties has set its FY 2025 guidance at 2.690-2.710 EPS. As a group, research analysts expect that LTC Properties will post 2.79 EPS for the current fiscal year.

LTC Properties Company Profile

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.