SEC Form SC 13G/A filed by LTC Properties Inc. (Amendment)

1/29/24 12:23:34 PM ET

Real Estate Investment Trusts

Real Estate

Get the next $LTC alert in real time by email

SC 13G/A 1 LTC_Properties_Inc.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING LTC PROPERTIES INC (NAME OF ISSUER) REIT (TITLE OF CLASS OF SECURITIES) 502175102 (CUSIP NUMBER) 12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED: (X) RULE 13D-1 (B) ( ) RULE 13D-1 (C) ( ) RULE 13D-1 (D) *THE REMAINDER OF THIS COVER PAGE SHALL BE FILLED OUT FOR A REPORTING PERSON`S INITIAL FILING ON THIS FORM WITH RESPECT TO THE SUBJECT CLASS OF SECURITIES, AND FOR ANY SUBSEQUENT AMENDMENT CONTAINING INFORMATION WHICH WOULD ALTER THE DISCLOSURES PROVIDED IN A PRIOR COVER PAGE. THE INFORMATION REQUIRED IN THE REMAINDER OF THIS COVER PAGE SHALL NOT BE DEEMED TO BE "FILED" FOR THE PURPOSE OF SECTION 18 OF THE SECURITIES EXCHANGE ACT OF 1934 ("ACT") OR OTHERWISE SUBJECT TO THE LIABILITIES OF THAT SECTION OF THE ACT BUT SHALL BE SUBJECT TO ALL OTHER PROVISIONS OF THE ACT (HOWEVER, SEE THE NOTES). CUSIP NO:502175102 13G Page 2 of 5 Pages 1. NAME OF REPORTING PERSON: STATE STREET CORPORATION I.R.S. IDENTIFICATION NO. OF THE ABOVE PERSON: 04-2456637 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP NOT APPLICABLE 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION BOSTON, MASSACHUSETTS 5. SOLE VOTING POWER 0 SHARES 6. SHARED VOTING POWER 2,751,468 7. SOLE DISPOSITIVE POWER 0 SHARES 8. SHARED DISPOSITIVE POWER 3,276,448 9. AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,280,448 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES NOT APPLICABLE 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.92% 12. TYPE OF REPORTING PERSON HC CUSIP NO: 502175102 13G Page 3 of 5 Pages ITEM 1. (A) NAME OF ISSUER LTC PROPERTIES INC (B) ADDRESS OF ISSUER`S PRINCIPAL EXECUTIVE OFFICES 2829 TOWNSGATE ROAD SUITE 350 WESTLAKE VILLAGE CA 91361 UNITED STATES ITEM 2. (A) NAME OF PERSON FILING STATE STREET CORPORATION (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE STATE STREET FINANCIAL CENTER 1 CONGRESS STREET, SUITE 1 BOSTON, MA 02114-2016 (FOR ALL REPORTING PERSONS) (C) CITIZENSHIP: SEE ITEM 4 (CITIZENSHIP OR PLACE OF ORGANIZATION) OF COVER PAGES (D) TITLE OF CLASS OF SECURITIES REIT (E) CUSIP NUMBER: 502175102 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A: SEE ITEM 12(TYPE OF REPORTING PERSON) OF THE COVER PAGE FOR EACH REPORTING PERSON AND THE TABLE BELOW, WHICH EXPLAINS THE MEANING OF THE TWO LETTER SYMBOLS APPEARING IN ITEM 12 OF THE COVER PAGES. SYMBOL CATEGORY BK BANK AS DEFINED IN SECTION 3(A) (6) OF THE ACT. IC INSURANCE COMPANY AS DEFINED IN SECTION 3 (A) (19) OF THE ACT IC INVESTMENT COMPANY REGISTERED UNDER SECTION 8 OF THE INVESTMENT COMPANY ACT OF 1940. IA AN INVESTMENT ADVISOR IN ACCORDANCE WITH RULE 13D-1(B) (1) (II) (E). EP AN EMPLOYEE BENEFIT PLAN OR ENDOWMENT FUND IN ACCORDANCE WITH RULE 13D-1(B) (1) (II) (F) . HC A PARENT HOLDING COMPANY OR CONTROL PERSON IN ACCORDANCE WITH RULE 13D-1(B)(1)(II) (G). SA A SAVINGS ASSOCIATIONS AS DEFINED IN SECTION 3(B) OF THE FEDERAL DEPOSIT INSURANCE ACT (12 U.S.C. 1813). CP A CHURCH PLAN THAT IS EXCLUDED FROM THE DEFINITION OF AN INVESTMENT COMPANY UNDER SECTION 3(C)(14) OF THE INVESTMENT COMPANY ACT OF 1940. CUSIP NO:502175102 13G Page 4 of 5 Pages ITEM 4. OWNERSHIP THE INFORMATION SET FORTH IN ROWS 5 THROUGH 11 OF THE COVER PAGE HERETO FOR EACH OF THE REPORTING PERSONS IS INCORPORATED HEREIN BY REFERENCE. ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF CLASS NOT APPLICABLE ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON NOT APPLICABLE ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON SEE EXHIBIT 1 ATTACHED HERETO ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP NOT APPLICABLE ITEM 9. NOTICE OF DISSOLUTION OF GROUP NOT APPLICABLE CUSIP NO:502175102 13G Page 5 of 5 Pages ITEM 10. CERTIFICATION BY SIGNING BELOW I CERTIFY THAT, TO THE BEST OF MY KNOWLEDGE AND BELIEF, THE SECURITIES REFERRED TO ABOVE WERE ACQUIRED AND ARE HELD IN THE ORDINARY COURSE OF BUSINESS AND WERE NOT ACQUIRED AND ARE NOT HELD FOR THE PURPOSE OR WITH THE EFFECT OF CHANGING OR INFLUENCING THE CONTROL OF THE ISSUER OF THE SECURITIES AND WERE NOT ACQUIRED AND ARE NOT HELD IN CONNECTION WITH OR AS A PARTICIPANT IN ANY TRANSACTION HAVING THAT PURPOSE OR EFFECT. SIGNATURES AFTER REASONABLE INQUIRY AND TO THE BEST OF HIS KNOWLEDGE AND BELIEF, EACH OF THE UNDERSIGNED CERTIFIES THAT THE INFORMATION SET FORTH IN THIS STATEMENT IS TRUE, COMPLETE AND CORRECT. STATE STREET CORPORATION ELIZABETH SCHAEFER SENIOR VICE PRESIDENT, DEPUTY CONTROLLER EXHIBIT 1 THE FOLLOWING TABLE LISTS THE IDENTITY AND ITEM 3 CLASSIFICATION OF EACH SUBSIDIARY OF STATE STREET CORPORATION, THE PARENT HOLDING COMPANY, THAT BENEFICIALLY OWNS THE ISSUER`S SECURITIES. PLEASE REFER TO ITEM 3 OF THE ATTACHED SCHEDULE 13G FOR A DESCRIPTION OF EACH OF THE TWO-LETTER SYMBOLS REPRESENTING THE ITEM 3 CLASSIFICATION BELOW. SUBSIDIARY ITEM 3 CLASSIFICATION SSGA FUNDS MANAGEMENT, INC. IA STATE STREET GLOBAL ADVISORS EUROPE LIMITED IA STATE STREET GLOBAL ADVISORS LIMITED IA STATE STREET GLOBAL ADVISORS TRUST COMPANY IA STATE STREET GLOBAL ADVISORS, AUSTRALIA, LIMITED IA STATE STREET GLOBAL ADVISORS (JAPAN) CO., LTD. IA NOTE: ALL OF THE LEGAL ENTITIES ABOVE ARE DIRECT OR INDIRECT SUBSIDIARIES OF STATE STREET CORPORATION.

Get the next $LTC alert in real time by email

Recent Analyst Ratings for

$LTC

Date	Price Target	Rating	Analyst
10/1/2025	$38.00	Neutral	Cantor Fitzgerald
9/24/2025	$39.00	Underperform → Market Perform	BMO Capital Markets
1/7/2025	$40.00	Mkt Perform → Mkt Outperform	JMP Securities
1/30/2024	$34.00	Hold	Deutsche Bank
10/3/2023	$36.00	Outperform	Wedbush
9/28/2023	$36.00	Buy	Berenberg
9/20/2023	$29.00	Hold	Jefferies
4/20/2023	$36.00	Equal Weight	Wells Fargo

More analyst ratings

SEC Form SC 13G/A filed by LTC Properties Inc. (Amendment)

1/29/24 12:23:34 PM ET

$LTC

Real Estate Investment Trusts

Real Estate

Get the next $LTC alert in real time by email

Recent Analyst Ratings for

$LTC

Date	Price Target	Rating	Analyst
10/1/2025	$38.00	Neutral	Cantor Fitzgerald
9/24/2025	$39.00	Underperform → Market Perform	BMO Capital Markets
1/7/2025	$40.00	Mkt Perform → Mkt Outperform	JMP Securities
1/30/2024	$34.00	Hold	Deutsche Bank
10/3/2023	$36.00	Outperform	Wedbush
9/28/2023	$36.00	Buy	Berenberg
9/20/2023	$29.00	Hold	Jefferies
4/20/2023	$36.00	Equal Weight	Wells Fargo

More analyst ratings

SEC Form SC 13G/A filed by LTC Properties Inc. (Amendment)

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$LTC

SEC Form SC 13G/A filed by LTC Properties Inc. (Amendment)

Crush Q3 2025 with the Best AI Superconnector

Recent Analyst Ratings for
$LTC

$LTC
Insider Purchases

EVP & CIO Boitano David M bought $346,260 worth of shares (10,000 units at $34.63), increasing direct ownership by 178% to 15,626 units (SEC Form 4)

Director Gruber David L bought $111,480 worth of shares (3,000 units at $37.16), increasing direct ownership by 16% to 21,516 units (SEC Form 4)

Director Gruber David L bought $214,520 worth of shares (6,000 units at $35.75), increasing direct ownership by 49% to 18,412 units (SEC Form 4)

$LTC
Press Releases

LTC Declares Its Monthly Common Stock Cash Dividend for the Fourth Quarter of 2025

LTC Furthers Transformative Growth With $195 Million SHOP Acquisition

LTC Advances External Growth Strategy With $40 Million SHOP Acquisition

$LTC
SEC Filings

LTC Properties Inc. filed SEC Form 8-K: Regulation FD Disclosure

LTC Properties Inc. filed SEC Form 8-K: Financial Statements and Exhibits

SEC Form 424B3 filed by LTC Properties Inc.

$LTC
Insider Trading

EVP & CIO Boitano David M bought $346,260 worth of shares (10,000 units at $34.63), increasing direct ownership by 178% to 15,626 units (SEC Form 4)

Director Preber Bradley J was granted 3,125 shares, increasing direct ownership by 98% to 6,304 units (SEC Form 4)

Director Cheng Cornelia was granted 3,125 shares, increasing direct ownership by 22% to 17,196 units (SEC Form 4)

$LTC
Analyst Ratings

Cantor Fitzgerald initiated coverage on LTC Properties with a new price target

LTC Properties upgraded by BMO Capital Markets with a new price target

LTC Properties upgraded by JMP Securities with a new price target

$LTC
Leadership Updates

$LTC
Financials

$LTC
Large Ownership Changes

LTC Announces David Boitano as New Chief Investment Officer

LTC Appoints Wendy Simpson Executive Chairman of Board of Directors; Promotes Pam Kessler and Clint Malin to Co-Chief Executive Officers, and Cece Chikhale to Chief Financial Officer

LTC Declares Its Monthly Common Stock Cash Dividend for the Fourth Quarter of 2025

LTC Furthers Transformative Growth With $195 Million SHOP Acquisition

LTC Advances External Growth Strategy With $40 Million SHOP Acquisition