LTC Properties, Inc. (LTC) To Go Ex-Dividend on June 20th

LTC Properties, Inc. (NYSE:LTC) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Investors of record on Thursday, June 20th will be given a dividend of 0.19 per share by the real estate investment trust on Friday, June 28th. This represents a $2.28 annualized dividend and a dividend yield of 6.77%. The ex-dividend date of this dividend is Thursday, June 20th.

LTC Properties has a dividend payout ratio of 121.3% indicating that 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 $2.70 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 84.4%.

LTC Properties Price Performance

NYSE:LTC opened at $33.66 on Tuesday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 17.53 and a beta of 0.89. The company has a current ratio of 15.86, a quick ratio of 15.86 and a debt-to-equity ratio of 0.94. The company’s 50-day moving average is $33.43 and its two-hundred day moving average is $32.60. LTC Properties has a 12-month low of $30.30 and a 12-month high of $35.72.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, Director Timothy Triche sold 3,082 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $31.67, for a total value of $97,606.94. Following the transaction, the director now directly owns 36,343 shares in the company, valued at approximately $1,150,982.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by insiders.

LTC Properties Company Profile

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's investment portfolio includes 201 properties in 26 states with 29 operating partners.