LTC Properties Inc (NYSE:LTC) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, February 20th will be given a dividend of 0.19 per share by the real estate investment trust on Wednesday, February 28th. This represents a $2.28 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date is Friday, February 16th.

LTC Properties has increased its dividend payment by an average of 3.8% per year over the last three years and has increased its dividend every year for the last 6 years. LTC Properties has a dividend payout ratio of 74.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect LTC Properties to earn $3.12 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 73.1%.

Shares of LTC Properties (NYSE LTC) opened at $38.56 on Friday. LTC Properties has a one year low of $37.30 and a one year high of $52.85. The company has a market cap of $1,525.86, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 3.09 and a beta of 0.06. The company has a current ratio of 8.66, a quick ratio of 8.66 and a debt-to-equity ratio of 0.84.

LTC Properties (NYSE:LTC) last released its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.26. LTC Properties had a net margin of 52.18% and a return on equity of 11.69%. The company had revenue of $41.25 million for the quarter, compared to analysts’ expectations of $32.91 million. During the same quarter last year, the business earned $0.57 EPS. equities analysts forecast that LTC Properties will post 3.08 earnings per share for the current year.

A number of equities research analysts have commented on LTC shares. Zacks Investment Research upgraded shares of LTC Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. BMO Capital Markets reiterated a “sell” rating and set a $44.00 price objective on shares of LTC Properties in a research report on Wednesday, October 18th. ValuEngine cut shares of LTC Properties from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Royal Bank of Canada reiterated a “hold” rating and set a $48.00 price objective on shares of LTC Properties in a research report on Monday, October 23rd. Finally, KeyCorp reiterated a “hold” rating on shares of LTC Properties in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. LTC Properties presently has an average rating of “Hold” and a consensus target price of $49.71.

In related news, Director James Pieczynski acquired 2,000 shares of LTC Properties stock in a transaction dated Wednesday, January 3rd. The shares were purchased at an average price of $43.60 per share, for a total transaction of $87,200.00. Following the completion of the transaction, the director now directly owns 17,974 shares in the company, valued at approximately $783,666.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Boyd W. Hendrickson sold 2,787 shares of LTC Properties stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $46.66, for a total transaction of $130,041.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,727 shares of company stock worth $436,470. Company insiders own 1.50% of the company’s stock.

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LTC Properties Company Profile

LTC Properties Inc is a healthcare real estate investment trust (REIT). The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance solutions, including mezzanine lending. It invests in various properties, including Skilled nursing facilities (SNF), Assisted living facilities (ALF), Independent living facilities (ILF), Memory care facilities (MC) and Range of care facilities (ROC).

Dividend History for LTC Properties (NYSE:LTC)

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