LONDON, UK / ACCESSWIRE / April 17, 2018 / Active-Investors has a free review on LTC Properties, Inc. (NYSE: LTC) following the Company's announcement that it will begin trading ex-dividend on April 19, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on April 18, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on LTC:
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On April 02, 2018, LTC Properties declared a monthly cash dividend of $0.19 per common share for the month of April 2018, payable on April 30, 2018, to stockholders of record on April 20, 2018.
LTC Properties' indicated dividend represents a yield of 6.25%, which is substantially higher than the average dividend yield of 3.78% for the financial sector. The Company has raised dividend for six consecutive years.
LTC Properties has a dividend payout ratio of 75.2%, which denotes that the Company distributes approximately $0.75 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, LTC Properties is forecasted to report earnings of $2.16 for the upcoming year compared to the Company's annualized dividend of $2.28. One of the primary reasons for the difference between earnings and annualized dividend is that LTC Properties is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.
Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization (D&A) to earnings and subtracting any gains on sales which then provides a better picture of any company's profitability and capacity to pay and to sustain dividends. For instance, LTC Properties' net income available to common stockholders was $19.8 million, or $0.50 per diluted share, for Q4 2017 compared to $20.6 million, or $0.53 per diluted share, for Q4 2016.
On the other hand, the Company's FFO was $30.4 million for Q4 2017 compared to $30.7 million for Q4 2016. LTC Properties' FFO per diluted common share was $0.77 and $0.78 for the quarters ended December 31, 2017 and 2016, respectively. FFO number indicates that the Company should be able to comfortably cover its dividend payout.
About LTC Properties, Inc.
LTC Properties is a REIT that invests in seniors housing and health care properties primarily through sale-leaseback transactions, mortgage financing, and structured finance solutions including mezzanine lending. The Company's portfolio currently includes more than 200 assisted living communities, memory care communities and post-acute/skilled nursing centers, located in 29 states with 30 regional and national operating partners.
Stock Performance Snapshot
April 16, 2018 - At Monday's closing bell, LTC Properties' stock was slightly up 0.96%, ending the trading session at $36.82.
Volume traded for the day: 213.13 thousand shares.
After yesterday's close, LTC Properties' market cap was at $1.46 billion.
Price to Earnings (P/E) ratio was at 16.74.
The stock has a dividend yield of 6.19%.
The stock is part of the Financial sector, categorized under the REIT - Healthcare Facilities industry. This sector was up 0.4% at the end of the session.
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