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LTC Properties: Dividend Growth Machine

Published Fri, 11 Aug 2017 16:18:21 -0400 on Seeking Alpha

LTC Properties Inc. (LTC) invests in senior housing and healthcare properties including Skilled nursing facilities (SNF), Aassisted living facilities (ALF), independent living facilities (ILF), memory care facilities (MC) and range of care facilities (ROC). IPO for LTC was August 28, 1992, currently has a market capitalization of approx. $2B USD and a dividend yield of ~4.6%.
LTC fits within the requirements of my portfolio you can read about here: Lake House Portfolio Part 1 & Part 2. Previously I have written about Ventas (VTR) and Omega Healthcare Investors (OHI) and hold shares of Sabra Healthcare (SBRA) and Johnson & Johnson (JNJ). Follow me for updates on my progress.
Demographics Tailwind & Politics One of the biggest topics discussed in the healthcare sector is the Baby Boomer demographic tailwind. Baby Boomers are retiring at a rate of 10,000 per day and the number of Americans turning 65 is expected to remain steady or increase through 2050. In addition the number of 85+ years old is expected to double in 20 years. The annual increase in healthcare spending is expected to outpace the annual growth in the overall economy by 4.7%. The median length of stay in a senior housing property is two to three years. In the next six years, the number of Americans with Alzheimer's is expected to increase by 40%.

Figure 1: Source is Welltower (HCN) investor presentation.
Healthcare REITs aren't absent concerns. A quick browse through the news... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
LTC PROPERTIES 36.95   16.6 2.23 2.28 5.92


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