LTC Properties, Inc. (LTC) to Issue Monthly Dividend of $0.19 on March 31st

LTC Properties, Inc. (NYSE:LTC) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Monday, March 23rd will be given a dividend of 0.19 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Monday, March 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. 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 Down 4.7%

Shares of LTC opened at $36.59 on Friday. LTC Properties has a one year low of $31.70 and a one year high of $40.80. The stock has a 50-day moving average price of $37.97 and a 200 day moving average price of $36.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 8.04 and a current ratio of 8.04. The company has a market capitalization of $1.78 billion, a P/E ratio of 15.00 and a beta of 0.59.

LTC Properties (NYSE:LTC) last announced its earnings results on Tuesday, February 24th. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $1.41. The company had revenue of $82.11 million for the quarter, compared to analyst estimates of $84.23 million. LTC Properties had a return on equity of 10.95% and a net margin of 44.82%.LTC Properties’s quarterly revenue was up 60.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS and its Q1 2026 guidance at 0.660-0.680 EPS. Sell-side analysts forecast that LTC Properties will post 2.79 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.