Ltc Properties Stock Price, News & Analysis

LTC Properties, Inc. (NYSE: LTC) announced the origination of $46 million in new investments since Q3 2021, comprising four separate loans with a weighted average term of 3.2 years. These investments are expected to generate $3.5 million in annual interest income. The recent strategy emphasizes shorter-term investments to mitigate risks, enhancing relationships with new and existing partners. Key deals include a $27 million unitranche loan for a skilled nursing center in Louisiana and a $12.5 million senior loan for an assisted living facility in Florida.

LTC Properties, Inc. (NYSE:LTC) will release its third-quarter earnings on October 28, 2021 after market close. A conference call to discuss the company's performance for the quarter ending September 30, 2021 is scheduled for October 29, 2021, at 8:00 a.m. PT. The call will be accessible via webcast and toll-free numbers. LTC, a REIT focused on seniors housing and healthcare properties, owns or holds mortgages on 176 investments across 27 states. More details can be found on their official website.

LTC Properties, Inc. (NYSE:LTC) has announced a monthly cash dividend of $0.19 per share for the fourth quarter of 2021. The payment dates are set for October 29, November 30, and December 31, 2021, with payment to stockholders of record on October 21, November 19, and December 23, 2021, respectively. The company focuses on real estate investments in seniors housing and healthcare properties, managing 176 investments across 27 states, evenly split between seniors housing and skilled nursing.

LTC Properties (NYSE: LTC) announced the transfer of 11 skilled nursing centers in Texas to HMG Healthcare following a settlement with bankrupt entities Senior Care Centers, LLC and Abri Health Services, LLC. The United States Bankruptcy Court approved a $3.25 million payment from LTC for the transition, expected by October 1, 2021. The centers will be leased to HMG under a one-year agreement with rent based on cash flows. LTC is also negotiating a secured working capital loan with HMG.

LTC Properties, Inc. (NYSE: LTC) reported significant growth for Q2 2021, with net income available to common stockholders reaching $18.1 million, or $0.46 per diluted share, a notable increase from $1.8 million in Q2 2020. Funds from Operations (FFO) also rose to $22.2 million, compared to $12.0 million year-over-year. Despite higher rental income, the results were partially offset by decreased rental income due to non-payments and deferred rent associated with Senior Lifestyle. The company successfully sold multiple properties, generating over $35 million in proceeds.

LTC Properties announced the release of its second quarter earnings, scheduled for July 29, 2021, after market close. A conference call will follow on July 30, 2021, at 8:00 a.m. PT to discuss the performance for the quarter ending June 30, 2021. LTC is a REIT focused on seniors housing and healthcare properties, holding interests in 177 properties across 27 states. The company’s diverse portfolio is balanced between seniors housing and skilled nursing properties, indicating a stable operational framework.

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.