20,823 Shares in LTC Properties, Inc. (NYSE:LTC) Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC purchased a new position in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 20,823 shares of the real estate investment trust's stock, valued at approximately $719,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LTC. State Street Corp grew its holdings in LTC Properties by 5.8% in the 3rd quarter. State Street Corp now owns 3,305,037 shares of the real estate investment trust's stock valued at $121,262,000 after buying an additional 181,973 shares in the last quarter. Geode Capital Management LLC boosted its stake in LTC Properties by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,125,020 shares of the real estate investment trust's stock valued at $41,284,000 after buying an additional 8,351 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in LTC Properties by 4.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 754,512 shares of the real estate investment trust's stock valued at $27,683,000 after purchasing an additional 30,422 shares during the last quarter. Strategic Financial Concepts LLC raised its position in LTC Properties by 3,358.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 658,026 shares of the real estate investment trust's stock valued at $22,735,000 after purchasing an additional 638,999 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in LTC Properties by 312.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 332,173 shares of the real estate investment trust's stock valued at $12,187,000 after purchasing an additional 251,609 shares during the last quarter. 69.25% of the stock is currently owned by institutional investors.

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LTC Properties Trading Down 0.3 %

Shares of LTC traded down $0.12 during mid-day trading on Friday, reaching $34.45. 208,998 shares of the company were exchanged, compared to its average volume of 334,522. LTC Properties, Inc. has a 52 week low of $30.59 and a 52 week high of $39.89. The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.60. The stock has a market capitalization of $1.56 billion, a PE ratio of 14.79 and a beta of 0.93. The business has a 50 day simple moving average of $34.78 and a two-hundred day simple moving average of $36.17.

LTC Properties Dividend Announcement

The business also recently disclosed a jan 25 dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, February 20th. This represents a dividend yield of 6.45%. LTC Properties's dividend payout ratio (DPR) is 97.85%.

Insider Buying and Selling

In other LTC Properties news, Director David L. Gruber bought 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 11th. The stock was acquired at an average price of $37.16 per share, with a total value of $111,480.00. Following the completion of the purchase, the director now directly owns 21,516 shares of the company's stock, valued at approximately $799,534.56. This trade represents a 16.20 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the company. JMP Securities upgraded LTC Properties from a "market perform" rating to an "outperform" rating and set a $40.00 target price for the company in a research report on Tuesday, January 7th. Citizens Jmp upgraded LTC Properties from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th.

LTC Properties Company 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.