LTC Stock To Go Ex-dividend Tomorrow (LTC)

NEW YORK ( TheStreet) -- The ex-dividend date for LTC Properties (NYSE: LTC) is tomorrow, March 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $30.68 as of 9:35 a.m. ET, the dividend yield is 5.7%.

The average volume for LTC has been 170,000 shares per day over the past 30 days. LTC has a market cap of $954.8 million and is part of the financial sector and real estate industry. Shares are down 0.3% year to date as of the close of trading on Friday.

LTC Properties, Inc. operates as a health care real estate investment trust (REIT) in the United States. The company has a P/E ratio of 22.4, below the average real estate industry P/E ratio of 23.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates LTC as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full LTC Ratings Report.

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