Campbell & CO Investment Adviser LLC Acquires 11,721 Shares of 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 boosted its holdings in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 27.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 54,757 shares of the real estate investment trust's stock after acquiring an additional 11,721 shares during the period. Campbell & CO Investment Adviser LLC owned 0.12% of LTC Properties worth $1,941,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LTC. Principal Financial Group Inc. grew its holdings in shares of LTC Properties by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 255,309 shares of the real estate investment trust's stock valued at $9,051,000 after buying an additional 8,646 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of LTC Properties in the 1st quarter valued at $9,358,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of LTC Properties in the 1st quarter valued at $200,000. Charles Schwab Investment Management Inc. grew its holdings in shares of LTC Properties by 15.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 949,322 shares of the real estate investment trust's stock valued at $33,653,000 after buying an additional 126,598 shares during the period. Finally, Tidal Investments LLC acquired a new position in shares of LTC Properties in the 4th quarter valued at $294,000. Institutional investors and hedge funds own 69.25% of the company's stock.

LTC Properties Stock Up 0.1%

LTC traded up $0.03 during trading on Friday, hitting $36.50. The company had a trading volume of 272,712 shares, compared to its average volume of 378,215. The company has a market capitalization of $1.68 billion, a PE ratio of 20.06 and a beta of 0.69. LTC Properties, Inc. has a one year low of $31.70 and a one year high of $39.89. The firm's 50-day moving average price is $35.35 and its 200 day moving average price is $35.23. 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 posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. The business had revenue of $30.18 million for the quarter, compared to analysts' expectations of $49.97 million. LTC Properties had a net margin of 38.24% and a return on equity of 7.95%. The firm's revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. As a group, equities analysts expect that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 21st were given a dividend of $0.19 per share. 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 125.27%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

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