Stratos Wealth Partners LTD. Has $308,000 Position in LTC Properties, Inc. (NYSE:LTC)

Stratos Wealth Partners LTD. reduced its stake in shares of LTC Properties, Inc. (NYSE:LTC) by 12.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,918 shares of the real estate investment trust’s stock after selling 1,266 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in LTC Properties were worth $308,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LTC. Truist Financial Corp acquired a new position in shares of LTC Properties during the 2nd quarter worth about $442,000. GAMMA Investing LLC lifted its holdings in shares of LTC Properties by 25.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,805 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 366 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of LTC Properties by 124.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 46,443 shares of the real estate investment trust’s stock valued at $1,704,000 after purchasing an additional 25,730 shares in the last quarter. Venture Visionary Partners LLC lifted its holdings in shares of LTC Properties by 88.5% during the 3rd quarter. Venture Visionary Partners LLC now owns 19,170 shares of the real estate investment trust’s stock valued at $703,000 after purchasing an additional 9,001 shares in the last quarter. Finally, Community Trust & Investment Co. bought a new position in shares of LTC Properties during the 3rd quarter valued at about $202,000. 69.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LTC shares. 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. Citizens Jmp upgraded LTC Properties from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th.

Insider Activity

In other news, Director David L. Gruber acquired 3,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were bought at an average cost of $37.16 per share, for a total transaction of $111,480.00. Following 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

LTC Properties Trading Down 0.8 %

NYSE LTC opened at $33.73 on Thursday. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 14.48 and a beta of 0.93. The stock’s 50 day moving average price is $34.91 and its two-hundred day moving average price is $36.19. The company has a debt-to-equity ratio of 0.75, a quick ratio of 11.60 and a current ratio of 11.60. LTC Properties, Inc. has a 52 week low of $30.35 and a 52 week 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. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.19 per share. 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 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.