LTC Properties, Inc. (NYSE:LTC) Shares Acquired by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC increased its stake in shares of LTC Properties, Inc. (NYSE:LTC) by 14.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,150 shares of the real estate investment trust’s stock after acquiring an additional 1,000 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in LTC Properties were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of LTC. Venture Visionary Partners LLC grew its position in LTC Properties by 88.5% during the third quarter. Venture Visionary Partners LLC now owns 19,170 shares of the real estate investment trust’s stock valued at $703,000 after buying an additional 9,001 shares during the period. Community Trust & Investment Co. purchased a new stake in shares of LTC Properties during the 3rd quarter worth about $202,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of LTC Properties by 35.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,687 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 437 shares in the last quarter. abrdn plc grew its position in shares of LTC Properties by 25.7% during the 3rd quarter. abrdn plc now owns 238,793 shares of the real estate investment trust’s stock valued at $8,761,000 after acquiring an additional 48,869 shares during the period. Finally, New York State Teachers Retirement System increased its stake in shares of LTC Properties by 0.5% in the 3rd quarter. New York State Teachers Retirement System now owns 76,354 shares of the real estate investment trust’s stock valued at $2,801,000 after purchasing an additional 375 shares in the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on LTC shares. 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 target price on the stock in a research report on Tuesday, January 7th.

Insider Buying and Selling

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

LTC Properties Trading Down 0.3 %

Shares of LTC Properties stock opened at $34.45 on Tuesday. The company has a current ratio of 11.60, a quick ratio of 11.60 and a debt-to-equity ratio of 0.75. LTC Properties, Inc. has a twelve month low of $30.59 and a twelve month high of $39.89. The firm has a market capitalization of $1.56 billion, a PE ratio of 14.79 and a beta of 0.93. The firm’s 50-day moving average price is $34.72 and its 200 day moving average price is $36.16.

LTC Properties Dividend Announcement

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