LTC Properties, Inc. (NYSE:LTC) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, November 22nd will be paid a dividend of 0.19 per share by the real estate investment trust on Thursday, November 30th. This represents a $2.28 annualized dividend and a yield of 4.84%. The ex-dividend date of this dividend is Tuesday, November 21st.

LTC Properties has raised its dividend by an average of 4.8% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. LTC Properties has a payout ratio of 74.3% meaning its dividend is sufficiently covered by earnings. Analysts expect LTC Properties to earn $2.20 per share next year, which means the company may not be able to cover its $2.28 annual dividend with an expected future payout ratio of 103.6%.

Shares of LTC Properties (NYSE:LTC) traded down 0.08% on Tuesday, reaching $47.06. The company’s stock had a trading volume of 231,134 shares. The stock has a 50-day moving average of $47.93 and a 200 day moving average of $48.85. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 20.69 and a beta of 0.16. LTC Properties has a 52 week low of $43.17 and a 52 week high of $52.85.

LTC Properties (NYSE:LTC) last posted its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.01. The company had revenue of $42.47 million during the quarter, compared to analyst estimates of $35.08 million. LTC Properties had a net margin of 53.36% and a return on equity of 11.99%. On average, analysts expect that LTC Properties will post $2.18 EPS for the current year.

LTC has been the subject of a number of recent analyst reports. Mizuho reaffirmed a “neutral” rating on shares of LTC Properties in a report on Wednesday, June 28th. BidaskClub downgraded LTC Properties from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research raised LTC Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. Stifel Nicolaus set a $46.00 price objective on LTC Properties and gave the stock a “hold” rating in a research note on Sunday, August 13th. Finally, KeyCorp restated a “hold” rating on shares of LTC Properties in a report on Sunday, September 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $50.50.

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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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