Strategic Financial Concepts LLC Boosts Stake in LTC Properties, Inc. (NYSE:LTC)

Strategic Financial Concepts LLC raised its position in shares of LTC Properties, Inc. (NYSE:LTC) by 3,358.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 quarter. Strategic Financial Concepts LLC owned about 1.45% of LTC Properties worth $22,735,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 worth $12,187,000 after acquiring an additional 251,609 shares in the last quarter. State Street Corp boosted its holdings in shares of 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 worth $121,262,000 after purchasing an additional 181,973 shares during the period. JPMorgan Chase & Co. increased 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 valued at $9,312,000 after purchasing an additional 113,100 shares during the last quarter. Two Sigma Advisers LP raised its holdings in LTC Properties by 33.1% during the 3rd quarter. Two Sigma Advisers LP now owns 313,100 shares of the real estate investment trust’s stock valued at $11,488,000 after buying an additional 77,900 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in LTC Properties in the third quarter worth $2,717,000. Institutional investors own 69.25% of the company’s stock.

LTC Properties Stock Down 1.2 %

Shares of LTC opened at $33.97 on Friday. The firm has a fifty day moving average price of $35.25 and a 200-day moving average price of $36.31. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $1.54 billion, a P/E ratio of 14.58 and a beta of 0.93. LTC Properties, Inc. has a 12-month low of $30.30 and a 12-month high of $39.89.

LTC Properties Dividend Announcement

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

Insiders Place Their Bets

In other news, Director David L. Gruber purchased 3,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were purchased at an average price of $37.16 per share, for a total transaction of $111,480.00. Following the completion of the purchase, the director now owns 21,516 shares in the company, valued at approximately $799,534.56. This represents a 16.20 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

LTC Properties 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.