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

LTC Properties, Inc. (NYSE:LTC) declared a monthly dividend on Wednesday, April 1st. Shareholders of record on Monday, June 22nd will be paid a dividend of 0.19 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Monday, June 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 $2.67 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 Trading Down 0.1%

LTC stock opened at $36.35 on Friday. The company has a market capitalization of $1.86 billion, a PE ratio of 14.72 and a beta of 0.57. The company has a debt-to-equity ratio of 0.73, a quick ratio of 9.20 and a current ratio of 9.20. LTC Properties has a one year low of $33.64 and a one year high of $40.80. The company’s 50 day moving average price is $37.93 and its two-hundred day moving average price is $37.27.

LTC Properties (NYSE:LTC) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The company had revenue of $94.41 million during the quarter, compared to analysts’ expectations of $72.98 million. During the same quarter in the prior year, the company earned $0.65 EPS. 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, analysts predict that LTC Properties will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, Director David L. Gruber purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average cost of $38.41 per share, for a total transaction of $153,640.00. Following the purchase, the director directly owned 44,045 shares in the company, valued at $1,691,768.45. The trade was a 9.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David M. Boitano bought 10,000 shares of the stock in a transaction dated Thursday, June 4th. The shares were acquired at an average price of $34.77 per share, with a total value of $347,700.00. Following the completion of the acquisition, the executive vice president directly owned 46,160 shares of the company’s stock, valued at approximately $1,604,983.20. The trade was a 27.65% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On LTC Properties

A number of institutional investors have recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in shares of LTC Properties by 4,205.5% in the 3rd quarter. American Century Companies Inc. now owns 812,235 shares of the real estate investment trust’s stock worth $29,939,000 after purchasing an additional 793,370 shares in the last quarter. Eversept Partners LP bought a new position in shares of LTC Properties during the first quarter valued at $11,930,000. Goldman Sachs Group Inc. boosted its position in shares of LTC Properties by 177.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 323,798 shares of the real estate investment trust’s stock valued at $11,132,000 after buying an additional 207,043 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of LTC Properties during the fourth quarter valued at $6,556,000. Finally, Millennium Management LLC boosted its position in shares of LTC Properties by 74.1% during the third quarter. Millennium Management LLC now owns 442,930 shares of the real estate investment trust’s stock valued at $16,326,000 after buying an additional 188,447 shares during the last quarter. 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 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.