Pensionfund PDN Buys Shares of 29,500 LTC Properties, Inc. $LTC

Pensionfund PDN bought a new stake in shares of LTC Properties, Inc. (NYSE:LTC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 29,500 shares of the real estate investment trust’s stock, valued at approximately $1,014,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in LTC Properties by 4,205.5% during the 3rd quarter. American Century Companies Inc. now owns 812,235 shares of the real estate investment trust’s stock valued at $29,939,000 after acquiring an additional 793,370 shares during the period. Keybank National Association OH bought a new position in LTC Properties in the 3rd quarter valued at $7,931,000. Millennium Management LLC increased its stake in LTC Properties by 74.1% in the third quarter. Millennium Management LLC now owns 442,930 shares of the real estate investment trust’s stock worth $16,326,000 after purchasing an additional 188,447 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in LTC Properties in the third quarter worth $6,797,000. Finally, Two Sigma Investments LP lifted its position in shares of LTC Properties by 47.4% during the third quarter. Two Sigma Investments LP now owns 483,004 shares of the real estate investment trust’s stock worth $17,804,000 after purchasing an additional 155,226 shares during the last quarter. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of LTC Properties from $38.00 to $41.00 and gave the company a “sector perform” rating in a research note on Friday. Cantor Fitzgerald set a $36.00 price target on shares of LTC Properties in a research note on Monday, January 5th. Wells Fargo & Company lifted their price objective on shares of LTC Properties from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Finally, Weiss Ratings raised shares of LTC Properties from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.20.

LTC Properties Trading Up 0.4%

LTC opened at $36.69 on Tuesday. The company has a current ratio of 8.04, a quick ratio of 8.04 and a debt-to-equity ratio of 0.72. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 15.03 and a beta of 0.59. LTC Properties, Inc. has a 12 month low of $31.70 and a 12 month high of $40.80. The stock has a fifty day moving average price of $37.99 and a 200-day moving average price of $36.33.

LTC Properties (NYSE:LTC) last issued its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $1.41. LTC Properties had a return on equity of 10.95% and a net margin of 44.82%.The company had revenue of $82.11 million for the quarter, compared to the consensus estimate of $84.23 million. During the same quarter last year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was up 60.3% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS and its Q1 2026 guidance at 0.660-0.680 EPS. As a group, equities research analysts anticipate that LTC Properties, Inc. will post 2.79 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be given a dividend of $0.19 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, March 23rd. LTC Properties’s dividend payout ratio is presently 93.44%.

Insider Transactions at LTC Properties

In other news, Director David L. Gruber purchased 7,000 shares of the stock in a transaction dated Thursday, March 5th. The shares were acquired at an average cost of $38.00 per share, for a total transaction of $266,000.00. Following the acquisition, the director owned 36,931 shares of the company’s stock, valued at approximately $1,403,378. This represents a 23.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David M. Boitano acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was purchased at an average cost of $34.44 per share, for a total transaction of $344,400.00. Following the transaction, the executive vice president owned 25,626 shares in the company, valued at approximately $882,559.44. The trade was a 64.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 2.00% of the stock is currently owned by company insiders.

LTC Properties Profile

LTC Properties, Inc (NYSE: LTC) is a real estate investment trust that specializes in financing and investing in long-term health care properties. The company focuses on providing capital to operators of senior housing and health care facilities through sale-leaseback transactions, mortgage financings and structured finance arrangements. Its portfolio primarily comprises skilled nursing facilities, assisted living communities and memory care centers.

Since its founding in 1992, LTC Properties has built a diversified portfolio of properties located across the United States.