LTC Properties said on April 3, 2023 that its board of directors declared a regular
monthly dividend of $0.19 per share ($2.28 annualized).
Previously, the company paid $0.19 per share.
Shares must be purchased before the ex-div date of April 19, 2023 to qualify for the dividend.
Shareholders of record as of April 20, 2023
will receive the payment on April 28, 2023.
At the current share price of $33.94 / share,
the stock’s dividend yield is 6.72%.
Looking back five years and taking a sample every week, the average dividend yield has been
5.76%,
the lowest has been 4.33%,
and the highest has been 8.71%.
The standard deviation of yields is 0.74 (n=236).
The current dividend yield is
1.29 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.94.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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Analyst Price Forecast Suggests 14.20% Upside
As of March 30, 2023,
the average one-year price target for LTC Properties is $38.76.
The forecasts range from a low of $35.35 to a high of $42.00.
The average price target represents an increase of 14.20% from its latest reported closing price of $33.94.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for LTC Properties
is $134MM, a decrease of 22.21%.
The projected annual non-GAAP EPS
is $1.82.
What is the Fund Sentiment?
There are 494 funds or institutions reporting positions in LTC Properties.
This is an increase
of
26
owner(s) or 5.56% in the last quarter.
Average portfolio weight of all funds dedicated to LTC is 0.11%,
a decrease
of 14.16%.
Total shares owned by institutions increased
in the last three months by 0.15% to 32,636K shares.
The put/call ratio of LTC is 0.38, indicating a
bullish
outlook.
What are Large Shareholders Doing?
IJR – iShares Core S&P Small-Cap ETF
holds 3,002K shares
representing 7.26% ownership of the company.
In it’s prior filing, the firm reported owning 2,964K shares, representing
an increase
of 1.24%.
The firm
decreased
its portfolio allocation in LTC by 12.60% over the last quarter.
VGSIX – Vanguard Real Estate Index Fund Investor Shares
holds 1,806K shares
representing 4.37% ownership of the company.
In it’s prior filing, the firm reported owning 1,790K shares, representing
an increase
of 0.94%.
The firm
decreased
its portfolio allocation in LTC by 8.78% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 1,221K shares
representing 2.95% ownership of the company.
In it’s prior filing, the firm reported owning 1,196K shares, representing
an increase
of 2.07%.
The firm
decreased
its portfolio allocation in LTC by 10.53% over the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares
holds 1,043K shares
representing 2.52% ownership of the company.
In it’s prior filing, the firm reported owning 1,029K shares, representing
an increase
of 1.43%.
The firm
decreased
its portfolio allocation in LTC by 10.89% over the last quarter.
Wellington Management Group Llp
holds 960K shares
representing 2.32% ownership of the company.
In it’s prior filing, the firm reported owning 1,011K shares, representing
a decrease
of 5.36%.
The firm
decreased
its portfolio allocation in LTC by 99.99% over the last quarter.
LTC Properties Background Information
(This description is provided by the company.)
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 holds 181 investments in 27 states with 29 operating partners. The portfolio is comprised of approximately 50% seniors housing and 50% skilled nursing properties.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
