Campbell & CO Investment Adviser LLC Has $1.94 Million Stake in LTC Properties, Inc. $LTC

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in LTC Properties by 27.2% during the first quarter, bringing its total holdings to 54,757 shares, valued at approximately $1.94 million.
• Several institutional investors, including Principal Financial Group Inc. and Charles Schwab Investment Management Inc., also enhanced their positions in LTC Properties, which now sees 69.25% of its stock held by institutional investors.
• LTC Properties announced a dividend of $0.19 per share, with a dividend yield of 642.0%, to be paid on August 29th to stockholders of record on August 22nd.

Campbell & CO Investment Adviser LLC grew its stake in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 27.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,757 shares of the real estate investment trust's stock after purchasing an additional 11,721 shares during the period. Campbell & CO Investment Adviser LLC owned about 0.12% of LTC Properties worth $1,941,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LTC. Envestnet Asset Management Inc. lifted its holdings in shares of LTC Properties by 13.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 56,250 shares of the real estate investment trust's stock valued at $1,943,000 after purchasing an additional 6,836 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in LTC Properties in the 4th quarter worth about $464,000. Dimensional Fund Advisors LP lifted its stake in LTC Properties by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 642,325 shares of the real estate investment trust's stock worth $22,192,000 after acquiring an additional 17,842 shares in the last quarter. MetLife Investment Management LLC lifted its stake in LTC Properties by 5.5% in the 4th quarter. MetLife Investment Management LLC now owns 27,557 shares of the real estate investment trust's stock worth $952,000 after acquiring an additional 1,442 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in LTC Properties by 26.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,275 shares of the real estate investment trust's stock worth $355,000 after acquiring an additional 2,147 shares in the last quarter. 69.25% of the stock is owned by hedge funds and other institutional investors.

LTC Properties Stock Performance

LTC traded up $0.03 during midday trading on Friday, reaching $36.50. The company's stock had a trading volume of 272,712 shares, compared to its average volume of 386,143. The stock has a market cap of $1.68 billion, a P/E ratio of 20.06 and a beta of 0.66. The company has a fifty day simple moving average of $35.35 and a 200 day simple moving average of $35.22. The company has a current ratio of 9.06, a quick ratio of 9.06 and a debt-to-equity ratio of 0.67. LTC Properties, Inc. has a twelve month low of $31.70 and a twelve month high of $39.89.

LTC Properties (NYSE:LTC - Get Free Report) last announced its quarterly earnings data 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. LTC Properties had a return on equity of 7.95% and a net margin of 38.24%.The company had revenue of $30.18 million for the quarter, compared to analyst estimates of $49.97 million. During the same quarter last year, the firm earned $0.45 EPS. LTC Properties's revenue for the quarter was up 20.2% compared to the same quarter last year. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. Research analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 21st were paid a $0.19 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a c) annualized dividend and a yield of 6.2%. LTC Properties's payout ratio is currently 125.27%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, EVP David M. Boitano purchased 6,000 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were acquired at an average price of $34.71 per share, with a total value of $208,260.00. Following the purchase, the executive vice president directly owned 15,626 shares in the company, valued at $542,378.46. This represents a 62.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

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.