LTC Properties, Inc. | REIT Profile

Symbol: LTC
CIK: 887905
Exchange: NYSE
Founded: 1992 (30 years)
HQ: Westlake Village, CA, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Health Care, Diversified

See LTC on Google Finance
See LTC on Yahoo Finance
See LTC on SEC.gov

Website Logo  Linkedin Logo  RSS Logo 

Overall Score: 7.0

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


LTC Properties, Inc. Company Logo

Stock Chart

See in Advanced Graph View

Hightlights of Trading Day January 14, 2022


Open Price: $36.19
Closing Price: $36.7
Price Change: 0.39 (1.074%)
Lowest Price: $36
Highest Price: $36.705

52-Week Low: $31.07
52-Week High: $42.49
52-Week Change: -5.25%

5 Day Price Change: 2.48%
1 Month Price Change: 10.89%
3 Month Price Change: 8.98%
6 Month Price Change: -3.23%
YTD Price Change: 6.36%
1 Year Price Change: -4.21%
2 Year Price Change: -10.98%
5 Year Price Change: 0.80%

Dividend of Trading Day January 14, 2022


Dividend Yield: 6.213%*
Annualized Dividend: $2.28*
Dividend Yield (TTM): 6.099%
Annualized Dividend (TTM): $2.2145
Ex-Dividend Date: 2021-12-22
Next Ex-Dividend: 2022-01-20
Dividend Frequency: Monthly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


See more news headlines for LTC Properties, Inc.

Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 14, 2022


Total Cash: N/A
Current Debt: $700,158,000
Revenue: $162,154,000
Gross Profit: $162,095,000
Total Revenue: $162,154,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $95,245,000
Revenue Per Share: $4
Revenue Per Employee: N/A
Employee: 24
Debt to Equity Ratio (D/E): 1.95
Profit Margin: 0.37%
Enterprise Value (EV): $1,429,671,538
Enterprise Value to Revenue (EV/R): 8.82
Price to Sales (P/S): 8.82
Price to Book (P/B): 1.92
Price/Earnings-to-Growth (PEG) Ratio: -0.73
P/E Ratio: 23.83
P/E High: 16.35
P/E Low: 12.51
Forward P/E Ratio: 23.70
Market Capitalization: $1,445,027,415
Beta: 0.58
Latest Volume: 297,037
Avg. Total Volume: 366,697
Avg. 10-Day Volume: 378,848
Avg. 30-Day Volume: 366,697
TTM EPS: 1.54
Shares Outstanding: 39,374,044
Float: N/A
50-Day Moving Avg.: $33.65
200-Day Moving Avg.: $34.11

Latest REIT Community Comments on #LTC


See more community comments related to LTC

Properties Owned by LTC


Properties Based on REIT's Official Presentation

Properties Types States Countries
203 3 28 1

Please visit REIT’s official webpage for the most up-to-date property list.

LTC Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $45.63 per share you would have been able to buy 21 shares of LTC on 2021-01-16 costing $958.23 @ $45.63 per share you would have been able to buy 10 shares of LTC on 2021-01-16 costing $456.30 @ $45.63 per share you would have been able to buy 5 shares of LTC on 2021-01-16 costing $228.15 @ $45.63 per share you would have been able to buy 2 shares of LTC on 2021-01-16 costing $91.26 @ $45.63 per share you would have been able to buy 1 shares of LTC on 2021-01-16 costing $45.63
Current worth On 2022-01-14 these 21 shares would be worth $770.70 @ $36.70 On 2022-01-14 these 10 shares would be worth $367.00 @ $36.70 On 2022-01-14 these 5 shares would be worth $183.50 @ $36.70 On 2022-01-14 these 2 shares would be worth $73.40 @ $36.70 On 2022-01-14 these 1 shares would be worth $36.70 @ $36.70
Dividends earned $47.88 in dividends would have been earned since 2021-01-16 with 21 shares. $23 in dividends would have been earned since 2021-01-16 with 10 shares. $11.40 in dividends would have been earned since 2021-01-16 with 5 shares. $4.56 in dividends would have been earned since 2021-01-16 with 2 shares. $2.28 in dividends would have been earned since 2021-01-16 with 10 shares.
Net (gain / loss)* -139.65 USD -66.50 USD -33.25 USD -13.30 USD -6.65 USD
ROI** -14.57% -14.57% -14.57% -14.57% -14.57%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by LTC. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
LTC 2021-12-22 0.190 --- 2021-10-01 2021-12-23 2021-12-31
LTC 2021-11-18 0.190 --- 2021-10-01 2021-11-19 2021-11-30
LTC 2021-10-20 0.190 --- 2021-10-01 2021-10-21 2021-10-29
LTC 2021-09-21 0.190 --- 2021-07-01 2021-09-22 2021-09-30
LTC 2021-08-20 0.190 --- 2021-07-01 2021-08-23 2021-08-31
LTC 2021-07-21 0.190 --- 2021-07-01 2021-07-22 2021-07-30
LTC 2021-06-21 0.190 --- 2021-04-01 2021-06-22 2021-06-30
LTC 2021-05-19 0.190 --- 2021-04-01 2021-05-20 2021-05-28
LTC 2021-04-21 0.190 --- 2021-04-01 2021-04-22 2021-04-30
LTC 2021-03-22 0.190 --- 2021-01-04 2021-03-23 2021-03-31
LTC 2021-02-17 0.190 --- 2021-01-04 2021-02-18 2021-02-26
LTC 2021-01-20 0.190 --- 2021-01-04 2021-01-21 2021-01-29
LTC 2020-12-22 0.190 --- 2020-10-01 2020-12-23 2020-12-31
LTC 2020-11-19 0.190 --- 2020-10-01 2020-11-20 2020-11-30
LTC 2020-10-21 0.190 --- 2020-10-01 2020-10-22 2020-10-30
LTC 2020-09-21 0.190 --- 2020-07-01 2020-09-22 2020-09-30
LTC 2020-08-20 0.190 --- 2020-07-01 2020-08-21 2020-08-31
LTC 2020-07-22 0.190 --- 2020-07-01 2020-07-23 2020-07-31
LTC 2020-06-19 0.190 --- 2020-04-01 2020-06-22 2020-06-30
LTC 2020-05-20 0.190 --- 2020-04-01 2020-05-21 2020-05-29

Financial Statements Overview


The next Earnings Report for LTC is 2022-02-17

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 0 0 0 0
Receivables 80,449,000 74,064,000 72,445,000 71,663,000
Inventory 0 0 0 0
Current Assets 388,418,000 340,728,000 341,583,000 345,788,000
Current Assets (Other) 3,681,000 3,899,000 3,655,000 9,102,000
Short Term Investments 3,681,000 3,899,000 3,655,000 9,102,000
Long-term Investments 1,064,670,000 1,075,744,000 1,113,720,000 1,113,698,000
Property, Plant & Equipment Net 1,041,916,000 1,053,072,000 1,090,927,000 1,102,358,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 3,414,000 3,332,000 3,453,000 0
Net Tangible Assets 744,517,000 753,976,000 756,367,000 767,402,000
Total Assets 1,453,088,000 1,416,472,000 1,455,303,000 1,459,486,000
Accounts Payable 0 0 0 0
Liabilities (Other) 0 0 0 0
Current Liabilities (Other) 38,329,000 35,633,000 31,111,000 34,298,000
Total Current Liabilities 700,158,000 654,092,000 690,532,000 683,680,000
Current Long-term Debt 661,829,000 618,459,000 659,421,000 649,382,000
Long-term Debt 0 0 0 0
Total Liabilities 708,571,000 662,496,000 698,936,000 692,084,000
Minority Interest 8,413,000 8,404,000 8,404,000 8,404,000
Common Stock 39,177,000 39,169,000 39,100,000 39,061,000
Retained Earnings -110,798,000 -99,377,000 -95,177,000 -85,770,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 744,517,000 753,976,000 756,367,000 767,402,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 37,472,000 38,129,000 40,280,000 46,273,000
Cost of Revenue 68,000 0 -9,000 0
Gross Profit 37,404,000 38,129,000 40,289,000 46,273,000
Research and Development 0 0 0 0
Selling General and Admin 5,318,000 5,337,000 5,033,000 5,216,000
Operating Expense 29,436,000 25,638,000 25,946,000 25,759,000
Operating Income 8,036,000 12,491,000 14,334,000 20,514,000
Income Expense Net (Other) 0 0 0 -2,000
EBIT 8,412,000 12,867,000 14,623,000 20,657,000
Interest Income 0 0 0 0
Pretax Income 11,114,000 18,330,000 13,850,000 17,665,000
Income Tax 0 0 0 0
Minority Interest 92,000 91,000 88,000 92,000
Net Income 10,909,000 18,126,000 13,642,000 17,614,000
Net Income Basic 10,909,000 18,126,000 13,642,000 17,614,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income 10,909,000 18,126,000 13,642,000 17,614,000
Depreciation 9,462,000 9,508,000 9,877,000 39,071,000
Changes in Receivables 80,449,000 74,064,000 72,445,000 71,663,000
Changes in Inventories 0 0 0 0
Cash Change 45,459,000 5,714,000 8,201,000 7,772,000
Cash Flow 20,937,000 27,385,000 21,259,000 30,472,000
Capital Expenditures -2,793,000 -9,298,250 -9,298,250 -37,193,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -1,994,000 33,842,000 -4,091,000 -95,913,000
Dividends Paid 0 0 0 0
Net Borrowings 399,319,000 357,509,000 398,484,000 383,029,000
Cash Flow Financing 20,802,000 -63,714,000 -16,739,000 -37,460,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About LTC Properties, Inc.


LTC (NYSE: LTC) is a real estate investment trust 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 30 states with more than 30 regional and national operating partners.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
3 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
8 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
7 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.7
8 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
6 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
6 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
6 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
1 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
7.0 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Related REITs


REIT REITRating™ Score Exchange Market Capitalization Sector Country
Healthcare Realty Trust, Inc. (HR) 7.9 NYSE Mid-Cap Health Care United States
Alexandria Real Estate Equities, Inc. (ARE) 8.9 NYSE Large-Cap Office United States
National Health Investors, Inc. (NHI) 7.4 NYSE Mid-Cap Health Care United States
Medical Properties Trust, Inc. (MPW) 8.4 NYSE Large-Cap Health Care United States
Physicians Realty Trust (DOC) 8.2 NYSE Mid-Cap Health Care United States
Welltower, Inc. (WELL) 6.7 NYSE Large-Cap Health Care United States

Last updated: 2022-01-16 - v2.8