LTC Properties, Inc. (LTC) To Go Ex-Dividend on January 22nd

LTC Properties, Inc. (NYSE:LTC) announced a monthly dividend on Friday, January 2nd. Investors of record on Thursday, January 22nd will be given a dividend of 0.19 per share by the real estate investment trust on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Thursday, January 22nd.

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 $2.72 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 Trading Up 0.7%

Shares of LTC stock opened at $34.62 on Friday. The firm has a 50-day moving average price of $35.28 and a 200 day moving average price of $35.42. LTC Properties has a twelve month low of $31.70 and a twelve month high of $37.25. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 48.08 and a beta of 0.62. The company has a current ratio of 8.68, a quick ratio of 8.68 and a debt-to-equity ratio of 0.90.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Tuesday, November 4th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.04. The company had revenue of $50.05 million for the quarter, compared to analysts’ expectations of $65.94 million. LTC Properties had a net margin of 14.58% and a return on equity of 3.22%. The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the company earned $0.78 EPS. LTC Properties has set its FY 2025 guidance at 2.690-2.710 EPS. Research analysts forecast that LTC Properties will post 2.79 earnings per share for the current fiscal year.

About LTC Properties

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.