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

Key Points

• LTC Properties declared a monthly dividend of $0.19 per share, payable November 30 to shareholders of record November 20. The annualized dividend is $2.28 per share, representing a 5.3% yield.
• The dividend currently exceeds earnings, with a payout ratio of 118.7%, although analysts expect next year’s earnings to reduce the projected payout ratio to 78.9%.
• LTC’s latest quarterly results exceeded expectations, with earnings of $0.56 per share and revenue of $98.08 million, while shares recently traded at $42.67.

LTC Properties, Inc. (NYSE:LTC - Get Free Report) declared a monthly dividend on Thursday, October 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend 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. Equities 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 midday trading on Thursday, hitting $42.67. 633,217 shares of the company's stock traded hands, compared to its average volume of 487,474. 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 market capitalization of $2.30 billion, a price-to-earnings ratio of 15.75 and a beta of 0.58. LTC Properties has a 1 year low of $33.64 and a 1 year high of $43.60. The firm's fifty day moving average is $41.24 and its 200-day moving average is $39.35.

LTC Properties (NYSE:LTC - Get Free Report) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. LTC Properties had a return on equity of 11.42% and a net margin of 38.84%.The firm had revenue of $98.08 million for the quarter, compared to the consensus estimate of $79.01 million. During the same period in the previous year, the business earned $0.68 EPS. The firm'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. As a group, sell-side analysts anticipate that LTC Properties will post 2.78 earnings per share for the current year.

Insider Transactions at LTC Properties

In other news, Director David Gruber purchased 3,500 shares of the stock in a transaction on Tuesday, August 11th. The stock was bought at an average price of $38.30 per share, with a total value of $134,050.00. Following the transaction, the director owned 47,545 shares in the company, valued at $1,820,973.50. The trade was a 7.95% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy Triche sold 3,125 shares of the business's stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $39.54, for a total value of $123,562.50. Following the sale, the director owned 37,786 shares in the company, valued at approximately $1,494,058.44. The trade was a 7.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.20% of the company's stock.

Institutional Investors Weigh In On LTC Properties

Large investors have recently bought and sold shares of the company. QRG Capital Management Inc. raised its position in LTC Properties by 8.1% during the 2nd quarter. QRG Capital Management Inc. now owns 10,684 shares of the real estate investment trust's stock worth $411,000 after buying an additional 805 shares during the last quarter. Anchor Investment Management LLC boosted its holdings in shares of LTC Properties by 20.9% in the 2nd quarter. Anchor Investment Management LLC now owns 5,395 shares of the real estate investment trust's stock valued at $207,000 after acquiring an additional 932 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of LTC Properties in the 2nd quarter valued at $241,000. Tidal Investments LLC purchased a new stake in shares of LTC Properties in the 2nd quarter valued at $201,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of LTC Properties in the second quarter worth $72,000. Hedge funds and other institutional investors own 69.25% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.