Caxton Associates LLP Takes $496,000 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 bought a new stake in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,003 shares of the real estate investment trust's stock, valued at approximately $496,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. bought a new stake in shares of LTC Properties during the 1st quarter worth about $9,358,000. Charles Schwab Investment Management Inc. raised its position in shares of LTC Properties by 15.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 949,322 shares of the real estate investment trust's stock worth $33,653,000 after buying an additional 126,598 shares in the last quarter. Nuveen LLC bought a new stake in shares of LTC Properties during the 1st quarter worth about $4,487,000. GAMMA Investing LLC raised its position in shares of LTC Properties by 3,445.0% during the 1st quarter. GAMMA Investing LLC now owns 86,604 shares of the real estate investment trust's stock worth $3,070,000 after buying an additional 84,161 shares in the last quarter. Finally, Tocqueville Asset Management L.P. bought a new stake in shares of LTC Properties during the 1st quarter worth about $2,932,000. 69.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at LTC Properties

In other LTC Properties news, EVP David M. Boitano bought 6,000 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were acquired at an average cost of $34.71 per share, for a total transaction of $208,260.00. Following the acquisition, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 2.10% of the stock is owned by insiders.

LTC Properties Price Performance

Shares of NYSE LTC traded down $0.27 during midday trading on Friday, reaching $36.26. The company's stock had a trading volume of 257,480 shares, compared to its average volume of 294,223. The company has a current ratio of 9.06, a quick ratio of 9.06 and a debt-to-equity ratio of 0.67. The company has a 50 day moving average price of $35.65 and a 200 day moving average price of $35.36. LTC Properties, Inc. has a one year low of $31.70 and a one year high of $39.89. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 19.92 and a beta of 0.69.

LTC Properties (NYSE:LTC - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.01. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. The business had revenue of $30.18 million for the quarter, compared to the consensus estimate of $49.97 million. During the same period in the previous year, the firm earned $0.45 EPS. The business's revenue for the quarter was up 20.2% on a year-over-year basis. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. On average, equities research analysts expect that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 21st were issued a $0.19 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Thursday, August 21st. LTC Properties's payout ratio is presently 125.27%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LTC. Royal Bank Of Canada boosted their price target on shares of LTC Properties from $36.00 to $37.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. JMP Securities boosted their price target on shares of LTC Properties from $40.00 to $43.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. Wedbush upgraded shares of LTC Properties to a "strong-buy" rating in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company boosted their price target on shares of LTC Properties from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Two investment 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 company's stock. According to MarketBeat.com, LTC Properties currently has a consensus rating of "Buy" and a consensus price target of $39.25.

LTC Properties Company Profile

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.