Venture Visionary Partners LLC Raises Stock Position in LTC Properties, Inc. (NYSE:LTC)

Venture Visionary Partners LLC grew its holdings in LTC Properties, Inc. (NYSE:LTC) by 88.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,170 shares of the real estate investment trust’s stock after purchasing an additional 9,001 shares during the quarter. Venture Visionary Partners LLC’s holdings in LTC Properties were worth $703,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC acquired a new stake in LTC Properties during the 3rd quarter worth approximately $559,000. Exchange Traded Concepts LLC raised its stake in shares of LTC Properties by 124.2% in the third quarter. Exchange Traded Concepts LLC now owns 46,443 shares of the real estate investment trust’s stock valued at $1,704,000 after acquiring an additional 25,730 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of LTC Properties by 25.4% in the third quarter. GAMMA Investing LLC now owns 1,805 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 366 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in LTC Properties by 71.0% in the third quarter. Handelsbanken Fonder AB now owns 16,130 shares of the real estate investment trust’s stock valued at $592,000 after purchasing an additional 6,700 shares during the period. Finally, SG Americas Securities LLC grew its stake in LTC Properties by 83.0% during the 3rd quarter. SG Americas Securities LLC now owns 22,874 shares of the real estate investment trust’s stock worth $839,000 after purchasing an additional 10,377 shares in the last quarter. Institutional investors and hedge funds own 69.25% of the company’s stock.

Insider Buying and Selling

In related news, Director David L. Gruber acquired 6,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was bought at an average price of $35.75 per share, for a total transaction of $214,500.00. Following the completion of the purchase, the director now directly owns 18,412 shares of the company’s stock, valued at approximately $658,229. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director David L. Gruber purchased 6,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $35.75 per share, with a total value of $214,500.00. Following the completion of the transaction, the director now directly owns 18,412 shares in the company, valued at approximately $658,229. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy Triche sold 5,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $36.45, for a total value of $182,250.00. Following the completion of the sale, the director now directly owns 34,522 shares of the company’s stock, valued at $1,258,326.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

LTC Properties Stock Performance

NYSE:LTC opened at $35.84 on Wednesday. LTC Properties, Inc. has a 12 month low of $30.30 and a 12 month high of $38.28. The company has a debt-to-equity ratio of 0.88, a current ratio of 11.29 and a quick ratio of 11.29. The firm has a market capitalization of $1.56 billion, a PE ratio of 18.67 and a beta of 0.91. The business’s fifty day moving average price is $36.35 and its 200 day moving average price is $35.03.

LTC Properties (NYSE:LTC) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.22). The business had revenue of $50.12 million during the quarter, compared to analysts’ expectations of $33.47 million. LTC Properties had a net margin of 46.78% and a return on equity of 10.22%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. On average, sell-side analysts anticipate that LTC Properties, Inc. will post 2.69 earnings per share for the current fiscal year.

LTC Properties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 23rd will be given a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date is Thursday, November 21st. LTC Properties’s dividend payout ratio (DPR) is 118.75%.

Analyst Upgrades and Downgrades

LTC has been the topic of a number of analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $40.00 price target on shares of LTC Properties in a research report on Friday, September 20th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $37.00 target price (up previously from $36.00) on shares of LTC Properties in a report on Tuesday, October 1st.

About LTC Properties

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 201 properties in 26 states with 29 operating partners.