LTC Properties, Inc. (LTC) To Go Ex-Dividend on July 23rd

LTC Properties, Inc. (NYSE:LTC) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Thursday, July 23rd will be given a dividend of 0.19 per share by the real estate investment trust on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Thursday, July 23rd.

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 $2.67 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

NYSE LTC opened at $41.96 on Tuesday. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 16.99 and a beta of 0.57. The company has a quick ratio of 9.20, a current ratio of 9.20 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $38.10 and a 200-day moving average price of $37.95. LTC Properties has a twelve month low of $33.64 and a twelve month high of $42.74.

LTC Properties (NYSE:LTC) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.17. LTC Properties had a return on equity of 10.87% and a net margin of 38.99%.The firm had revenue of $94.41 million during the quarter, compared to analysts’ expectations of $72.98 million. During the same quarter last year, the business posted $0.65 earnings per share. The firm’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. As a group, equities research analysts predict that LTC Properties will post 2.8 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.