Caxton Associates LLP Buys New Position in LTC Properties, Inc. $LTC

Key Points

• Caxton Associates LLP acquired 14,003 shares of LTC Properties, Inc., valued at approximately $496,000, reinforcing its investment position in the real estate investment trust.
• Several large investors, including Jupiter Asset Management and Charles Schwab Investment Management, have recently increased their holdings in LTC Properties during the first quarter.
• LTC Properties declared a monthly dividend of $0.19 per share, which represents an annualized dividend yield of 6.2%, reflecting strong investor returns amidst a 12-month stock price range of $31.70 to $39.89.

Caxton Associates LLP purchased a new stake in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 14,003 shares of the real estate investment trust's stock, valued at approximately $496,000.

A number of other hedge funds also recently bought and sold shares of LTC. Ameriprise Financial Inc. lifted its position in LTC Properties by 1.1% in the fourth quarter. Ameriprise Financial Inc. now owns 109,969 shares of the real estate investment trust's stock valued at $3,799,000 after purchasing an additional 1,151 shares during the last quarter. BNP Paribas Financial Markets grew its stake in LTC Properties by 4.1% in the fourth quarter. BNP Paribas Financial Markets now owns 9,906 shares of the real estate investment trust's stock worth $342,000 after purchasing an additional 392 shares during the period. Deutsche Bank AG grew its stake in LTC Properties by 12.2% in the fourth quarter. Deutsche Bank AG now owns 132,183 shares of the real estate investment trust's stock worth $4,567,000 after purchasing an additional 14,376 shares during the period. D. E. Shaw & Co. Inc. grew its stake in shares of LTC Properties by 73.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 37,942 shares of the real estate investment trust's stock worth $1,311,000 after acquiring an additional 16,085 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of LTC Properties by 49.2% in the fourth quarter. Lazard Asset Management LLC now owns 4,065 shares of the real estate investment trust's stock worth $140,000 after acquiring an additional 1,341 shares during the last quarter. Institutional investors own 69.25% of the company's stock.

Insider Buying and Selling at LTC Properties

In related news, EVP David M. Boitano acquired 6,000 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was purchased at an average cost of $34.71 per share, for a total transaction of $208,260.00. Following the purchase, the executive vice president directly owned 15,626 shares of the company's stock, valued at $542,378.46. This trade represents a 62.33% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LTC shares. Royal Bank Of Canada upped their price target on LTC Properties from $36.00 to $37.00 and gave the company a "sector perform" rating in a report on Friday, August 8th. Wells Fargo & Company lifted their price objective on LTC Properties from $36.00 to $37.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 27th. Wedbush raised LTC Properties to a "strong-buy" rating in a research report on Wednesday, July 2nd. Finally, JMP Securities lifted their target price on LTC Properties from $40.00 to $43.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $39.25.

LTC Properties Trading Up 0.7%

LTC traded up $0.24 during trading hours on Wednesday, reaching $35.81. 39,478 shares of the company's stock traded hands, compared to its average volume of 342,922. LTC Properties, Inc. has a 52-week low of $31.70 and a 52-week high of $39.89. The firm has a market capitalization of $1.65 billion, a PE ratio of 19.67 and a beta of 0.69. The firm has a 50-day moving average price of $35.67 and a 200 day moving average price of $35.37. The company has a quick ratio of 9.06, a current ratio of 9.06 and a debt-to-equity ratio of 0.67.

LTC Properties (NYSE:LTC - Get Free Report) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01. The business had revenue of $30.18 million during the quarter, compared to analysts' expectations of $49.97 million. LTC Properties had a return on equity of 7.95% and a net margin of 38.24%.The business's revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 EPS. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. As a group, sell-side analysts predict that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 21st were paid a dividend of $0.19 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Thursday, August 21st. LTC Properties's dividend payout ratio is 125.27%.

About LTC Properties

LTC Properties, Inc is a real estate investment trust, which engages in managing seniors housing and health care properties. It operates through the Texas, Michigan, Florida, Wisconsin, Colorado, and Remaining States geographic segments. The company was founded by Andre C. Dimitriadis on May 12, 1992 and is headquartered in Westlake Village, CA.