Venture Visionary Partners LLC Reduces Position in 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 decreased its holdings in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 50.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LTC. Jupiter Asset Management Ltd. purchased a new stake in LTC Properties during the first quarter valued at $9,358,000. Charles Schwab Investment Management Inc. raised its stake in LTC Properties by 15.4% during the first 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 purchasing an additional 126,598 shares in the last quarter. Nuveen LLC purchased a new stake in LTC Properties during the first quarter valued at $4,487,000. Northern Trust Corp raised its stake in LTC Properties by 20.9% during the fourth quarter. Northern Trust Corp now owns 599,573 shares of the real estate investment trust's stock valued at $20,715,000 after purchasing an additional 103,482 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in LTC Properties by 3,445.0% during the first quarter. GAMMA Investing LLC now owns 86,604 shares of the real estate investment trust's stock valued at $3,070,000 after purchasing an additional 84,161 shares in the last quarter. Hedge funds and other institutional investors own 69.25% of the company's stock.

Insider Buying and Selling

In related news, EVP David M. Boitano purchased 6,000 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was bought at an average price of $34.71 per share, with a total value of $208,260.00. Following the acquisition, the executive vice president owned 15,626 shares in the company, valued at $542,378.46. The trade was a 62.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company's stock.

Analyst Ratings Changes

LTC has been the topic of several recent analyst reports. JMP Securities increased their target price on shares of LTC Properties from $40.00 to $43.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada increased their target price on shares of LTC Properties from $36.00 to $37.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. Finally, Wedbush upgraded shares of LTC Properties to a "strong-buy" rating in a report on Wednesday, July 2nd. Two equities research 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 stock. Based on data from MarketBeat, LTC Properties presently has an average rating of "Buy" and a consensus target price of $39.00.

LTC Properties Stock Performance

Shares of LTC traded up $0.08 during trading hours on Tuesday, hitting $36.06. The stock had a trading volume of 66,638 shares, compared to its average volume of 349,298. The company has a debt-to-equity ratio of 0.67, a quick ratio of 9.06 and a current ratio of 9.06. The firm has a 50-day moving average price of $35.25 and a 200 day moving average price of $35.17. LTC Properties, Inc. has a fifty-two week low of $31.70 and a fifty-two week high of $39.89. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 19.81 and a beta of 0.66.

LTC Properties (NYSE:LTC - Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. The firm had revenue of $30.18 million during 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 business's revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. LTC Properties has set its FY 2025 guidance at 2.670-2.71 EPS. As a group, research analysts anticipate that LTC Properties, Inc. will post 2.79 EPS for the current year.

LTC Properties Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 22nd will be issued a $0.19 dividend. This represents a yield of 642.0%. The ex-dividend date of this dividend is Thursday, August 21st. LTC Properties's payout ratio is presently 125.27%.

About LTC Properties

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.