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

Key Points

• Pensionfund PDN bought 29,500 shares of LTC Properties in Q4 valued at about $1.014 million, representing roughly 0.06% of the company at period end.
• LTC delivered a strong quarter with $2.09 EPS (vs. $0.68 expected) and revenue up 60.3% YoY, and set FY2026 guidance of 2.750–2.790 EPS.
• The REIT announced a monthly dividend of $0.19 (annualized yield ~6.2%, payout ratio ~93%), while insiders increased holdings (director bought 7,000 shares; EVP bought 10,000).

Pensionfund PDN purchased a new position in LTC Properties, Inc. (NYSE:LTC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,500 shares of the real estate investment trust's stock, valued at approximately $1,014,000. Pensionfund PDN owned 0.06% of LTC Properties at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada raised its position in shares of LTC Properties by 37.7% during the 1st quarter. Royal Bank of Canada now owns 21,344 shares of the real estate investment trust's stock valued at $757,000 after purchasing an additional 5,840 shares during the period. AQR Capital Management LLC boosted its holdings in LTC Properties by 2.8% in the 1st quarter. AQR Capital Management LLC now owns 29,259 shares of the real estate investment trust's stock worth $1,037,000 after buying an additional 806 shares during the period. Geode Capital Management LLC boosted its holdings in LTC Properties by 2.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,245,676 shares of the real estate investment trust's stock worth $43,118,000 after buying an additional 26,631 shares during the period. Police & Firemen s Retirement System of New Jersey increased its stake in LTC Properties by 7.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 10,104 shares of the real estate investment trust's stock worth $350,000 after buying an additional 709 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in LTC Properties by 3.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,228 shares of the real estate investment trust's stock valued at $908,000 after acquiring an additional 961 shares during the period. 69.25% of the stock is owned by hedge funds and other institutional investors.

LTC Properties Stock Up 0.4%

Shares of NYSE:LTC opened at $36.69 on Tuesday. The company 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 company has a current ratio of 8.04, a quick ratio of 8.04 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $37.99 and a 200 day moving average price of $36.33.

LTC Properties (NYSE:LTC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $2.09 earnings per share for the quarter, topping the consensus estimate of $0.68 by $1.41. The company had revenue of $82.11 million for the quarter, compared to analysts' expectations of $84.23 million. LTC Properties had a return on equity of 10.95% and a net margin of 44.82%.The firm's revenue for the quarter was up 60.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.72 earnings per share. 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 predict that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Dividend Announcement

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

Insider Buying and Selling at LTC Properties

In related news, Director David L. Gruber purchased 7,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average cost of $38.00 per share, for a total transaction of $266,000.00. Following the completion of the transaction, the director directly owned 36,931 shares in the company, valued at $1,403,378. This represents a 23.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP David M. Boitano purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was bought at an average price of $34.44 per share, with a total value of $344,400.00. Following the completion of the transaction, the executive vice president owned 25,626 shares of the company's stock, valued at $882,559.44. The trade was a 64.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

LTC has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price objective on LTC Properties from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Friday. Wells Fargo & Company lifted their target price on LTC Properties from $36.00 to $37.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 25th. Cantor Fitzgerald set a $36.00 price target on LTC Properties in a report on Monday, January 5th. Finally, Weiss Ratings upgraded LTC Properties from a "hold (c)" rating to a "buy (b-)" rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the 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.

About LTC Properties

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.

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