LTC Properties, Inc. (NYSE:LTC) Shares Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC raised its position in LTC Properties, Inc. (NYSE:LTC - Free Report) by 3,358.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 658,026 shares of the real estate investment trust's stock after buying an additional 638,999 shares during the period. Strategic Financial Concepts LLC owned about 1.45% of LTC Properties worth $22,735,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Barclays PLC lifted its holdings in LTC Properties by 148.8% during the third quarter. Barclays PLC now owns 87,972 shares of the real estate investment trust's stock valued at $3,228,000 after purchasing an additional 52,619 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of LTC Properties by 80.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 253,807 shares of the real estate investment trust's stock worth $9,312,000 after purchasing an additional 113,100 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of LTC Properties by 6.9% during the 3rd quarter. Principal Financial Group Inc. now owns 229,176 shares of the real estate investment trust's stock worth $8,408,000 after purchasing an additional 14,778 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in LTC Properties by 4.2% in the 3rd 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 buying an additional 30,422 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in LTC Properties in the 3rd quarter worth about $679,000. Institutional investors and hedge funds own 69.25% of the company's stock.

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Analyst Upgrades and Downgrades

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

Insider Buying and Selling at LTC Properties

In other news, Director David L. Gruber purchased 3,000 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average price of $37.16 per share, for a total transaction of $111,480.00. Following the acquisition, the director now directly owns 21,516 shares of the company's stock, valued at approximately $799,534.56. This represents a 16.20 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by company insiders.

LTC Properties Price Performance

LTC traded up $0.08 during trading on Tuesday, reaching $34.01. The company's stock had a trading volume of 400,745 shares, compared to its average volume of 340,116. The company has a quick ratio of 11.60, a current ratio of 11.60 and a debt-to-equity ratio of 0.75. The firm has a fifty day simple moving average of $35.00 and a two-hundred day simple moving average of $36.21. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 14.60 and a beta of 0.93. LTC Properties, Inc. has a 1 year low of $30.35 and a 1 year high of $39.89.

LTC Properties Announces Dividend

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

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.