Ltc Properties Stock Price, News & Analysis

LTC Properties declared a monthly cash dividend of $0.19 per common share for July, August, and September 2021. The dividends will be payable on July 30, August 31, and September 30, to stockholders of record on July 22, August 23, and September 22. As a real estate investment trust, LTC invests in senior housing and healthcare properties, holding a portfolio of 177 properties across 27 states, emphasizing a balance between seniors housing and skilled nursing.

LTC Properties, Inc. (NYSE: LTC) has announced the sale of three assisted living communities in Wisconsin for $35.0 million, part of its strategic transition of the Senior Lifestyle portfolio. The sale, which involves 263 units, is projected to yield an estimated gain of $5.6 million. The properties had a combined gross book value of $35.2 million and a net book value of $28.3 million. Proceeds of approximately $34.0 million will be used to reduce LTC’s unsecured revolving line of credit, aligning with its long-term strategy to diversify its investment portfolio.

LTC Properties Inc. (NYSE: LTC), a REIT focused on seniors housing and health care investments, announced participation in the virtual NAREIT REITWeek 2021 Investor Conference from June 8 to June 10, 2021. The presentation package will be accessible online at ir.ltcreit.com/Presentations. LTC's investment portfolio includes 180 properties across 27 states, with a balanced focus of 50% on seniors housing and 50% on skilled nursing. For more information, visit www.LTCreit.com.

LTC Properties, a real estate investment trust, reported its Q1 2021 results, showing a net income of $13.6 million ($0.35 per share), down from $63.4 million in Q1 2020. Funds from Operations (FFO) fell to $24.3 million, with FFO per diluted share at $0.62. The company faced challenges including a $773,000 net loss on property sales and decreased rental income due to nonpayments from Senior Lifestyle Corporation. LTC initiated rent reductions to support operators affected by COVID-19. Noteworthy transitions included 11 properties to new operators, with a total anticipated cash rent of $5.2 million for the first lease year.

LTC Properties (NYSE:LTC) will release its first quarter earnings on April 29, 2021, after market close. A conference call discussing the performance for the quarter ending March 31, 2021, is scheduled for April 30, 2021, at 8:00 AM PT (11:00 AM ET). Interested parties can access the call via webcast or through provided toll-free numbers. LTC, a real estate investment trust, focuses on senior housing and health care properties, operating a portfolio of 181 investments across 27 states.

LTC Properties (NYSE: LTC), a REIT focusing on seniors housing and healthcare, will participate in the Virtual 2nd Annual Mizuho Healthcare REIT Conference on April 6, 2021. The company will provide a presentation package available online at its investor relations site. LTC's portfolio includes 181 investments across 27 states, equally split between seniors housing and skilled nursing properties. This event showcases LTC’s commitment to the healthcare sector while providing stakeholders insights into its operations and future strategies.

LTC Properties, Inc. (NYSE:LTC) declared a monthly cash dividend of $0.19 per common share for the second quarter of 2021. The payments are scheduled for April 30, May 28, and June 30, 2021, with record dates of April 22, May 20, and June 22, 2021. LTC is a real estate investment trust focused on seniors housing and healthcare properties, with 181 investments across 27 states, evenly split between seniors housing and skilled nursing. This dividend reflects the company’s commitment to shareholder returns.

LTC Properties Inc. (NYSE: LTC) has appointed Cornelia Cheng to its Board of Directors, effective April 1, 2021, expanding the board to six members, with 50% being women. Cheng brings over 20 years of experience in corporate finance, M&A, and REITs, notably serving as Managing Director at Brightwood Capital Advisors. The board also announced the formation of a new committee focused on diversity and ESG initiatives, which Cheng will chair. This addition is expected to enhance board performance and strategic direction as LTC continues to invest in its seniors housing and healthcare property portfolio.

LTC Properties Inc. (NYSE: LTC) announced participation in the Virtual 24th Annual Wells Fargo Real Estate Securities Conference on February 24, 2021. The presentation package will be accessible on LTC's website. As a real estate investment trust, LTC focuses on seniors housing and health care properties through diverse financial strategies, holding 181 investments across 27 states with a balanced portfolio of 50% seniors housing and 50% skilled nursing properties. For more information, visit www.LTCreit.com.