LTC Properties, Inc. Announces Dec 25 Dividend of $0.19 (NYSE:LTC)

Key Points

• LTC Properties, Inc. will pay a dividend of $0.19 per share on December 25 to stockholders of record on December 23, representing a significant dividend yield of 615.0%.
• The company's current dividend payout ratio is 118.8%, indicating reliance on its balance sheet to cover dividend payments, although analysts predict it will have a future payout ratio of 83.8% based on expected earnings.
• LTC Properties reported a net margin of 38.24% and a revenue increase of 20.2% year-over-year, with analysts expecting earnings per share (EPS) of 2.79 for the current year.

LTC Properties, Inc. (NYSE:LTC - Get Free Report) announced a dec 25 dividend on Wednesday, October 1st, RTT News reports. Stockholders of record on Tuesday, December 23rd will be given a dividend of 0.19 per share by the real estate investment trust on Wednesday, December 31st. This represents a dividend yield of 615.0%. The ex-dividend date is Tuesday, December 23rd.

LTC Properties has a dividend payout ratio of 118.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Stock Up 0.6%

LTC stock opened at $37.07 on Thursday. LTC Properties has a one year low of $31.70 and a one year high of $39.89. The stock has a market capitalization of $1.71 billion, a PE ratio of 20.37 and a beta of 0.68. The company has a debt-to-equity ratio of 0.67, a quick ratio of 9.06 and a current ratio of 9.06. The company has a fifty day moving average of $35.85 and a 200-day moving average of $35.40.

LTC Properties (NYSE:LTC - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. The company had revenue of $30.18 million during the quarter, compared to analysts' expectations of $49.97 million. During the same quarter last year, the business earned $0.45 EPS. The business's revenue was up 20.2% on a year-over-year basis. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. As a group, analysts expect that LTC Properties will post 2.79 EPS for the current year.

Hedge Funds Weigh In On LTC Properties

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its holdings in LTC Properties by 3.5% during the 1st quarter. Principal Financial Group Inc. now owns 255,309 shares of the real estate investment trust's stock valued at $9,051,000 after acquiring an additional 8,646 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in LTC Properties during the 1st quarter valued at about $9,358,000. Cambridge Investment Research Advisors Inc. purchased a new position in LTC Properties during the 1st quarter valued at about $200,000. Charles Schwab Investment Management Inc. increased its holdings in LTC Properties by 15.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 949,322 shares of the real estate investment trust's stock valued at $33,653,000 after acquiring an additional 126,598 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in LTC Properties by 7.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 124,312 shares of the real estate investment trust's stock valued at $4,407,000 after acquiring an additional 8,651 shares in the last quarter. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

About LTC Properties

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.

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