LTC Properties Inc (NYSE:LTC) announced a monthly dividend on Tuesday, April 2nd, Wall Street Journal reports. Investors of record on Thursday, May 23rd will be given a dividend of 0.19 per share by the real estate investment trust on Friday, May 31st. This represents a $2.28 annualized dividend and a yield of 5.04%. The ex-dividend date is Wednesday, May 22nd.

LTC Properties has increased its dividend payment by an average of 3.3% per year over the last three years. LTC Properties has a payout ratio of 75.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect LTC Properties to earn $3.11 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 73.3%.

LTC stock opened at $45.22 on Tuesday. The firm has a market cap of $1.82 billion, a P/E ratio of 14.78, a PEG ratio of 3.80 and a beta of 0.47. The company has a current ratio of 10.41, a quick ratio of 10.41 and a debt-to-equity ratio of 0.86. LTC Properties has a one year low of $38.62 and a one year high of $48.13.

LTC Properties (NYSE:LTC) last released its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.23). The firm had revenue of $28.02 million for the quarter, compared to analyst estimates of $33.02 million. LTC Properties had a net margin of 95.25% and a return on equity of 19.07%. Research analysts predict that LTC Properties will post 3.02 earnings per share for the current year.

Several analysts recently commented on LTC shares. ValuEngine upgraded shares of LTC Properties from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Zacks Investment Research lowered shares of LTC Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $44.40.

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About LTC Properties

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC holds more than 200 investments in 28 states with 30 operating partners.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Dividend History for LTC Properties (NYSE:LTC)

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