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

Key Points

• LTC Properties declared a $0.19-per-share monthly dividend, payable October 30 to shareholders of record on October 22. The dividend equals $2.28 annually and represents a 5.3% yield.
• The current 118.7% payout ratio exceeds earnings, meaning LTC is relying partly on its balance sheet to fund the dividend. Analysts expect earnings growth to reduce the projected payout ratio to 78.9% next year.
• LTC reported quarterly EPS of $0.56, exceeding the $0.48 consensus estimate, while revenue rose 63.6% year over year to $98.08 million. Shares recently traded at $42.67, down 0.5%.

LTC Properties, Inc. (NYSE:LTC - Get Free Report) declared a monthly dividend on Thursday, October 1st. Investors 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 yield of 5.3%. The ex-dividend date is Thursday, October 22nd.

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. 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 Trading Down 0.5%

NYSE LTC traded down $0.20 during mid-day trading on Thursday, hitting $42.67. The company's stock had a trading volume of 633,217 shares, compared to its average volume of 487,474. The firm has a market capitalization of $2.30 billion, a P/E ratio of 15.75 and a beta of 0.58. The company has a debt-to-equity ratio of 0.58, a current ratio of 8.60 and a quick ratio of 8.60. LTC Properties has a 52-week low of $33.64 and a 52-week high of $43.60. The stock's fifty day simple moving average is $41.24 and its two-hundred day simple moving average is $39.35.

LTC Properties (NYSE:LTC - Get Free Report) last released 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. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The company had revenue of $98.08 million during the quarter, compared to the consensus estimate of $79.01 million. During the same period in the previous year, the firm earned $0.68 earnings per share. LTC Properties's revenue for the quarter was up 63.6% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. Research analysts expect that LTC Properties will post 2.78 EPS for the current 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.

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