Vanguard Group Inc. Has $212.10 Million Holdings in LTC Properties, Inc. (NYSE:LTC)

Vanguard Group Inc. decreased its position in shares of LTC Properties, Inc. (NYSE:LTC) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,603,427 shares of the real estate investment trust’s stock after selling 40,380 shares during the quarter. Vanguard Group Inc. owned 15.32% of LTC Properties worth $212,102,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LTC. GAMMA Investing LLC acquired a new position in LTC Properties in the 4th quarter worth about $28,000. Quadrant Capital Group LLC lifted its holdings in LTC Properties by 78.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,206 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 529 shares during the period. Private Trust Co. NA grew its position in shares of LTC Properties by 69.2% in the 4th quarter. Private Trust Co. NA now owns 1,252 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 512 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of LTC Properties during the fourth quarter worth $58,000. Finally, Van ECK Associates Corp increased its stake in shares of LTC Properties by 19.7% in the 4th quarter. Van ECK Associates Corp now owns 5,748 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 945 shares in the last quarter. 69.25% of the stock is currently owned by institutional investors and hedge funds.

LTC Properties Trading Up 0.1 %

LTC opened at $34.48 on Wednesday. The company has a fifty day moving average price of $33.92 and a two-hundred day moving average price of $32.65. LTC Properties, Inc. has a 1-year low of $30.30 and a 1-year high of $35.72. The company has a current ratio of 15.86, a quick ratio of 15.86 and a debt-to-equity ratio of 0.94. The company has a market cap of $1.50 billion, a P/E ratio of 17.96 and a beta of 0.89.

LTC Properties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 22nd will be given a dividend of $0.19 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.61%. The ex-dividend date is Thursday, August 22nd. LTC Properties’s payout ratio is presently 118.75%.

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.