LTC Properties Inc (NYSE:LTC) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Thursday, December 21st will be given a dividend of 0.19 per share by the real estate investment trust on Friday, December 29th. This represents a $2.28 annualized dividend and a dividend yield of 4.85%. The ex-dividend date of this dividend is Wednesday, December 20th.

LTC Properties has raised its dividend by an average of 4.8% per year over the last three years and has increased its dividend every year for the last 5 years. LTC Properties has a payout ratio of 74.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect LTC Properties to earn $3.14 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 72.6%.

LTC Properties (LTC) opened at $47.00 on Tuesday. The company has a quick ratio of 8.66, a current ratio of 8.66 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1,844.79, a PE ratio of 14.99, a PEG ratio of 3.78 and a beta of 0.16. LTC Properties has a twelve month low of $44.91 and a twelve month high of $52.85.

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

In other LTC Properties news, Director Boyd W. Hendrickson sold 2,787 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $46.66, for a total transaction of $130,041.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.

LTC has been the subject of a number of research analyst reports. BidaskClub upgraded shares of LTC Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research upgraded shares of LTC Properties from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. KeyCorp reiterated a “hold” rating on shares of LTC Properties in a report on Sunday, September 17th. Capital One Financial initiated coverage on shares of LTC Properties in a report on Monday, September 25th. They issued an “overweight” rating and a $50.00 price target for the company. Finally, BMO Capital Markets reiterated a “sell” rating and issued a $44.00 price target on shares of LTC Properties in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $50.17.

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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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