LTC Properties, Inc. (NYSE:LTC) Shareholders to Receive $0.19 Monthly Dividend

LTC Properties, Inc. (NYSE:LTC) announced a monthly dividend on Thursday, October 1st. Investors of record on Thursday, October 22nd will be given a dividend of $0.19 per share by the real estate investment trust on Friday, October 30th. This represents a $2.28 annualized dividend and a yield of 5.3%. The ex-dividend date is Thursday, October 22nd.

LTC Properties has a dividend payout ratio of 118.7% meaning 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 $2.89 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 78.9%.

LTC Properties Stock Down 0.5%

NYSE LTC traded down $0.20 during trading hours on Thursday, reaching $42.67. 633,217 shares of the company traded hands, compared to its average volume of 487,474. LTC Properties has a 12 month low of $33.64 and a 12 month high of $43.60. The company has a current ratio of 8.60, a quick ratio of 8.60 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2.30 billion, a PE ratio of 15.75 and a beta of 0.58. The company has a 50 day moving average of $41.24 and a two-hundred day moving average of $39.35.

LTC Properties (NYSE:LTC) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. The company had revenue of $98.08 million during the quarter, compared to analyst estimates of $79.01 million. LTC Properties had a net margin of 38.84% and a return on equity of 11.42%. The firm’s revenue for the quarter was up 63.6% compared to the same quarter last year. During the same period last year, the business earned $0.68 EPS. LTC Properties has set its FY 2026 guidance at 2.760-2.780 EPS. As a group, equities analysts expect that LTC Properties will post 2.78 earnings per share for the current year.

Insider Transactions at LTC Properties

In other LTC Properties news, Director David L. Gruber acquired 3,500 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $38.30 per share, with a total value of $134,050.00. Following the transaction, the director directly owned 47,545 shares in the company, valued at approximately $1,820,973.50. This represents a 7.95% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy Triche sold 3,125 shares of the stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $39.54, for a total transaction of $123,562.50. Following the sale, the director owned 37,786 shares in the company, valued at approximately $1,494,058.44. This trade represents a 7.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On LTC Properties

Several institutional investors have recently made changes to their positions in LTC. BlackRock Inc. acquired a new stake in shares of LTC Properties during the 2nd quarter worth approximately $345,915,000. Alyeska Investment Group L.P. acquired a new position in LTC Properties during the 2nd quarter valued at approximately $34,396,000. Advisors Capital Management LLC acquired a new position in LTC Properties during the 2nd quarter valued at approximately $31,148,000. Wellington Management Group LLP grew its stake in LTC Properties by 21.1% during the 2nd quarter. Wellington Management Group LLP now owns 728,696 shares of the real estate investment trust’s stock worth $28,018,000 after buying an additional 126,884 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in LTC Properties by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 676,970 shares of the real estate investment trust’s stock worth $25,157,000 after buying an additional 20,864 shares during the last quarter. 69.25% of the stock is owned by institutional investors.

LTC Properties Company Profile

LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that invests in healthcare-related properties. The company focuses primarily on senior housing and healthcare real estate, including assisted living, memory care, independent living and skilled nursing facilities.

LTC supports its portfolio through a range of investment structures, including property acquisitions, long-term leases, mortgage loans, mezzanine financing, preferred equity investments and joint ventures. Its properties are generally operated by third-party healthcare providers under lease or other investment arrangements.

Founded in 1992, LTC Properties serves markets across the United States.