Principal Financial Group Inc. Reduces Stake in LTC Properties, Inc. $LTC

Principal Financial Group Inc. lessened its holdings in shares of LTC Properties, Inc. (NYSE:LTC) by 19.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 231,387 shares of the real estate investment trust’s stock after selling 56,219 shares during the quarter. Principal Financial Group Inc.’s holdings in LTC Properties were worth $8,598,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its holdings in LTC Properties by 187.5% in the 4th quarter. Farther Finance Advisors LLC now owns 900 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 587 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of LTC Properties by 33.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,346 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 340 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of LTC Properties by 27.7% in the fourth quarter. Hantz Financial Services Inc. now owns 1,606 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 348 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of LTC Properties in the fourth quarter worth $80,000. Finally, Rockefeller Capital Management L.P. boosted its position in shares of LTC Properties by 23.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,534 shares of the real estate investment trust’s stock worth $87,000 after acquiring an additional 482 shares during the last quarter. 69.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at LTC Properties

In other LTC Properties news, Director David L. Gruber bought 4,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were purchased at an average cost of $38.41 per share, for a total transaction of $153,640.00. Following the transaction, the director owned 44,045 shares of the company’s stock, valued at $1,691,768.45. This represents a 9.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David M. Boitano bought 10,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were acquired at an average price of $34.77 per share, for a total transaction of $347,700.00. Following the completion of the transaction, the executive vice president directly owned 46,160 shares in the company, valued at approximately $1,604,983.20. This represents a 27.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.20% of the stock is owned by company insiders.

LTC Properties Price Performance

Shares of LTC opened at $42.18 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 9.20 and a quick ratio of 9.20. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 17.08 and a beta of 0.57. LTC Properties, Inc. has a 1 year low of $33.64 and a 1 year high of $43.00. The business’s 50 day simple moving average is $38.41 and its 200-day simple moving average is $38.17.

LTC Properties (NYSE:LTC) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.17. LTC Properties had a net margin of 38.99% and a return on equity of 10.87%. The firm had revenue of $94.41 million during the quarter, compared to analyst estimates of $72.98 million. During the same period last year, the firm posted $0.65 earnings per share. LTC Properties’s revenue for the quarter was up 94.7% compared to the same quarter last year. LTC Properties has set its FY 2026 guidance at 2.750-2.790 EPS. As a group, equities analysts expect that LTC Properties, Inc. will post 2.8 earnings per share for the current fiscal year.

LTC Properties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 22nd. This represents a c) annualized dividend and a yield of 5.4%. LTC Properties’s dividend payout ratio (DPR) is 92.31%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LTC shares. Weiss Ratings raised shares of LTC Properties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Citigroup reiterated a “market outperform” rating on shares of LTC Properties in a research note on Wednesday, June 10th. Wells Fargo & Company increased their price objective on shares of LTC Properties from $39.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Finally, Cantor Fitzgerald cut their price objective on LTC Properties from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, LTC Properties has an average rating of “Hold” and a consensus target price of $40.60.

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.