LTC Properties, Inc. $LTC Position Cut by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC lowered its position in shares of LTC Properties, Inc. (NYSE:LTC) by 86.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,291 shares of the real estate investment trust’s stock after selling 47,466 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in LTC Properties were worth $252,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LTC. Anchor Investment Management LLC bought a new position in LTC Properties in the 1st quarter worth about $60,000. IFP Advisors Inc grew its holdings in LTC Properties by 21.2% in the 2nd quarter. IFP Advisors Inc now owns 1,691 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 296 shares in the last quarter. Rossby Financial LCC increased its position in LTC Properties by 45.6% in the 2nd quarter. Rossby Financial LCC now owns 2,377 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 744 shares during the period. Montag A & Associates Inc. raised its stake in LTC Properties by 72.5% during the 1st quarter. Montag A & Associates Inc. now owns 3,616 shares of the real estate investment trust’s stock valued at $128,000 after acquiring an additional 1,520 shares in the last quarter. Finally, AlphaQuest LLC boosted its position in LTC Properties by 81.7% during the 1st quarter. AlphaQuest LLC now owns 4,282 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 1,925 shares during the period. 69.25% of the stock is owned by institutional investors and hedge funds.

LTC Properties Trading Down 0.0%

LTC Properties stock opened at $36.06 on Tuesday. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 19.81 and a beta of 0.67. LTC Properties, Inc. has a 1 year low of $31.70 and a 1 year high of $39.40. The firm’s 50 day moving average price is $35.58 and its two-hundred day moving average price is $35.47. The company has a debt-to-equity ratio of 0.67, a quick ratio of 9.06 and a current ratio of 9.06.

LTC Properties (NYSE:LTC) last released its quarterly earnings data on Tuesday, November 4th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. The business had revenue of $50.05 million during the quarter, compared to analyst estimates of $65.94 million. LTC Properties had a return on equity of 7.95% and a net margin of 38.24%.The company’s revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company posted $0.78 EPS. LTC Properties has set its FY 2025 guidance at 2.690-2.710 EPS. On average, research analysts predict that LTC Properties, Inc. will post 2.79 EPS for the current fiscal year.

LTC Properties Announces Dividend

The business also recently disclosed a dec 25 dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd will be issued a dividend of $0.19 per share. This represents a yield of 615.0%. The ex-dividend date is Tuesday, December 23rd. LTC Properties’s payout ratio is presently 316.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LTC shares. BMO Capital Markets upgraded shares of LTC Properties from an “underperform” rating to a “market perform” rating and set a $39.00 price objective on the stock in a research note on Wednesday, September 24th. Weiss Ratings reissued a “hold (c)” rating on shares of LTC Properties in a research note on Tuesday, November 11th. Royal Bank Of Canada increased their price objective on shares of LTC Properties from $37.00 to $38.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Wells Fargo & Company lowered their price objective on shares of LTC Properties from $37.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Finally, Cantor Fitzgerald initiated coverage on LTC Properties in a research note on Wednesday, October 1st. They set a “neutral” rating and a $38.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.80.

Insider Buying and Selling

In other news, Director David L. Gruber bought 1,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was bought at an average cost of $35.94 per share, for a total transaction of $35,940.00. Following the completion of the acquisition, the director directly owned 29,834 shares in the company, valued at $1,072,233.96. This represents a 3.47% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.10% of the company’s stock.

LTC Properties 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.