Venture Visionary Partners LLC Sells 22,206 Shares of LTC Properties, Inc. $LTC

Key Points

• Venture Visionary Partners LLC sold 22,206 shares of LTC Properties, Inc., reducing its holdings by 50% and leaving it with approximately 22,170 shares valued at $786,000.
• Several institutional investors, including Summit Investment Advisors Inc. and Arizona State Retirement System, have increased their stakes in LTC Properties recently, with institutional ownership now at 69.25%.
• LTC Properties announced a dividend of $0.19 per share, set to be paid on August 29th, which translates to a high dividend yield of 642.0% but also indicates a payout ratio exceeding 125%.

Venture Visionary Partners LLC trimmed its position in LTC Properties, Inc. (NYSE:LTC - Free Report) by 50.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,170 shares of the real estate investment trust's stock after selling 22,206 shares during the quarter. Venture Visionary Partners LLC's holdings in LTC Properties were worth $786,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Summit Investment Advisors Inc. increased its holdings in shares of LTC Properties by 7.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,678 shares of the real estate investment trust's stock worth $162,000 after purchasing an additional 327 shares during the last quarter. Keudell Morrison Wealth Management increased its stake in LTC Properties by 0.9% during the first quarter. Keudell Morrison Wealth Management now owns 36,693 shares of the real estate investment trust's stock worth $1,301,000 after acquiring an additional 328 shares during the last quarter. Arizona State Retirement System increased its stake in LTC Properties by 2.9% during the first quarter. Arizona State Retirement System now owns 12,982 shares of the real estate investment trust's stock worth $460,000 after acquiring an additional 360 shares during the last quarter. BNP Paribas Financial Markets increased its stake in LTC Properties by 4.1% during the fourth quarter. BNP Paribas Financial Markets now owns 9,906 shares of the real estate investment trust's stock worth $342,000 after acquiring an additional 392 shares during the last quarter. Finally, Denali Advisors LLC increased its stake in LTC Properties by 1.6% during the first quarter. Denali Advisors LLC now owns 32,622 shares of the real estate investment trust's stock worth $1,156,000 after acquiring an additional 522 shares during the last quarter. 69.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LTC has been the topic of several analyst reports. Wedbush raised LTC Properties to a "strong-buy" rating in a research note on Wednesday, July 2nd. JMP Securities boosted 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 boosted 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 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. Based on data from MarketBeat.com, LTC Properties has an average rating of "Buy" and an average target price of $39.00.

Insider Activity at LTC Properties

In other LTC Properties news, EVP David M. Boitano bought 6,000 shares of the business's stock in a transaction dated Friday, June 27th. The shares were purchased at an average price of $34.71 per share, with a total value of $208,260.00. Following the completion of the purchase, the executive vice president owned 15,626 shares in the company, valued at $542,378.46. This represents a 62.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.10% of the company's stock.

LTC Properties Trading Up 0.9%

LTC opened at $36.2430 on Thursday. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 19.91 and a beta of 0.66. The stock's 50 day moving average price is $35.17 and its 200-day moving average price is $35.12. LTC Properties, Inc. has a one year low of $31.70 and a one year high of $39.89. 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 - Get Free Report) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.01. The firm had revenue of $30.18 million for 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 company's quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. On average, equities analysts forecast that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a dividend yield of 642.0%. LTC Properties's dividend payout ratio is currently 125.27%.

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.

Want to see what other hedge funds are holding LTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LTC Properties, Inc. (NYSE:LTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.