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

Venture Visionary Partners LLC reduced its position in LTC Properties, Inc. (NYSE:LTC) by 50.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hsbc Holdings PLC boosted its position in LTC Properties by 7.1% during the 1st quarter. Hsbc Holdings PLC now owns 40,396 shares of the real estate investment trust’s stock valued at $1,431,000 after acquiring an additional 2,692 shares in the last quarter. Quantbot Technologies LP bought a new stake in LTC Properties during the 1st quarter valued at $346,000. CacheTech Inc. boosted its position in LTC Properties by 3.5% during the 1st quarter. CacheTech Inc. now owns 19,071 shares of the real estate investment trust’s stock valued at $676,000 after acquiring an additional 647 shares in the last quarter. Adams Wealth Management boosted its position in LTC Properties by 3.5% during the 1st quarter. Adams Wealth Management now owns 19,071 shares of the real estate investment trust’s stock valued at $676,000 after acquiring an additional 647 shares in the last quarter. Finally, Tocqueville Asset Management L.P. bought a new stake in LTC Properties during the 1st quarter valued at $2,932,000. 69.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on LTC shares. Wedbush raised LTC Properties to a “strong-buy” rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada raised their price objective on LTC Properties from $36.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Friday, August 8th. Finally, JMP Securities raised their price objective on LTC Properties from $40.00 to $43.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, LTC Properties has an average rating of “Buy” and an average target price of $39.00.

Insider Transactions at LTC Properties

In related news, EVP David M. Boitano acquired 6,000 shares of LTC Properties stock in a transaction on Friday, June 27th. The stock was acquired at an average price of $34.71 per share, for a total transaction of $208,260.00. Following the purchase, the executive vice president owned 15,626 shares of the company’s stock, valued at approximately $542,378.46. This represents a 62.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is owned by company insiders.

LTC Properties Stock Performance

Shares of LTC stock opened at $36.2430 on Thursday. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 19.91 and a beta of 0.66. The company has a debt-to-equity ratio of 0.67, a current ratio of 9.06 and a quick ratio of 9.06. The business has a fifty day moving average of $35.17 and a 200 day moving average of $35.12. LTC Properties, Inc. has a 1 year low of $31.70 and a 1 year high of $39.89.

LTC Properties (NYSE:LTC) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. The company had revenue of $30.18 million during the quarter, compared to analyst estimates of $49.97 million. LTC Properties had a return on equity of 7.95% and a net margin of 38.24%.The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last 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 expect that LTC Properties, Inc. will post 2.79 earnings per share for the current year.

LTC Properties Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 22nd will be paid a $0.19 dividend. The ex-dividend date is Thursday, August 21st. This represents a yield of 642.0%. LTC Properties’s dividend payout ratio (DPR) is 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.