LTC Properties, Inc. (LTC) To Go Ex-Dividend on May 21st

LTC Properties, Inc. (NYSE:LTC) declared a monthly dividend on Wednesday, April 1st. Stockholders of record on Thursday, May 21st will be given a dividend of 0.19 per share by the real estate investment trust on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Thursday, May 21st.

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. Equities analysts expect LTC Properties to earn $2.67 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 85.4%.

LTC Properties Stock Performance

Shares of NYSE LTC opened at $38.42 on Tuesday. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 15.56 and a beta of 0.59. The stock’s 50-day moving average is $38.43 and its 200 day moving average is $37.08. The company has a current ratio of 9.20, a quick ratio of 9.20 and a debt-to-equity ratio of 0.73. LTC Properties has a 1-year low of $33.64 and a 1-year high of $40.80.

LTC Properties (NYSE:LTC) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.17. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The business had revenue of $94.41 million during the quarter, compared to analyst estimates of $72.98 million. During the same period in the prior year, the business posted $0.65 earnings per share. The company’s revenue was up 94.7% on a year-over-year basis. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. On average, sell-side analysts anticipate that LTC Properties will post 2.77 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.