LTC Properties, Inc. (NYSE:LTC) Shares Bought by abrdn plc

abrdn plc raised its holdings in shares of LTC Properties, Inc. (NYSE:LTC - Free Report) by 2,190.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,978 shares of the real estate investment trust's stock after purchasing an additional 181,683 shares during the quarter. abrdn plc owned 0.46% of LTC Properties worth $6,102,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of LTC. Charles Schwab Investment Management Inc. lifted its position in LTC Properties by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 645,018 shares of the real estate investment trust's stock valued at $20,724,000 after purchasing an additional 28,337 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new stake in shares of LTC Properties in the third quarter valued at $766,000. SG Americas Securities LLC raised its stake in shares of LTC Properties by 541.5% in the third quarter. SG Americas Securities LLC now owns 26,244 shares of the real estate investment trust's stock valued at $843,000 after acquiring an additional 22,153 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of LTC Properties in the fourth quarter valued at $665,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of LTC Properties in the third quarter valued at $582,000. Institutional investors own 69.25% of the company's stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of LTC Properties in a research note on Tuesday, January 30th. They issued a "hold" rating and a $34.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $33.86.

Insider Buying and Selling

In related news, Director Timothy Triche sold 3,082 shares of the firm's stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $31.67, for a total value of $97,606.94. Following the transaction, the director now owns 36,343 shares of the company's stock, valued at approximately $1,150,982.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by insiders.

LTC Properties Trading Up 1.2 %

LTC stock traded up $0.38 during trading on Friday, hitting $32.56. The company had a trading volume of 213,298 shares, compared to its average volume of 251,352. The firm has a market capitalization of $1.41 billion, a P/E ratio of 15.07 and a beta of 0.87. LTC Properties, Inc. has a 52-week low of $30.30 and a 52-week high of $35.72. The company has a 50 day simple moving average of $32.02 and a 200-day simple moving average of $32.10. The company has a quick ratio of 13.29, a current ratio of 13.29 and a debt-to-equity ratio of 0.97.

LTC Properties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be paid a $0.19 dividend. This represents a $2.28 annualized dividend and a yield of 7.00%. The ex-dividend date is Thursday, June 20th. LTC Properties's dividend payout ratio is presently 105.56%.

LTC Properties Profile

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.